Gamco Investors INC. ET AL Sells 150 Shares of Knife River Co. (NYSE:KNF)

Gamco Investors INC. ET AL trimmed its holdings in Knife River Co. (NYSE:KNF) by 0.9% in the 4th quarter, Holdings Channel reports. The fund owned 16,915 shares of the company’s stock after selling 150 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Knife River were worth $1,719,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Larson Financial Group LLC boosted its holdings in Knife River by 58.6% in the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock valued at $43,000 after purchasing an additional 157 shares during the period. GAMMA Investing LLC raised its position in shares of Knife River by 72.8% during the fourth quarter. GAMMA Investing LLC now owns 539 shares of the company’s stock valued at $55,000 after buying an additional 227 shares during the last quarter. Lee Danner & Bass Inc. bought a new stake in shares of Knife River in the fourth quarter valued at about $109,000. Physician Wealth Advisors Inc. acquired a new stake in Knife River during the fourth quarter worth about $114,000. Finally, Jones Financial Companies Lllp increased its stake in Knife River by 40.2% during the fourth quarter. Jones Financial Companies Lllp now owns 1,660 shares of the company’s stock valued at $169,000 after acquiring an additional 476 shares during the period. Institutional investors and hedge funds own 80.11% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on KNF shares. Wells Fargo & Company began coverage on Knife River in a report on Monday, March 10th. They set an “overweight” rating and a $102.00 price objective on the stock. Stephens reiterated an “overweight” rating and set a $120.00 price target on shares of Knife River in a research note on Friday, February 14th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Knife River currently has a consensus rating of “Buy” and an average target price of $110.40.

Knife River Trading Down 1.5 %

Shares of KNF opened at $91.67 on Friday. The stock has a 50 day simple moving average of $92.77 and a 200-day simple moving average of $97.02. The company has a current ratio of 2.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.45. The stock has a market cap of $5.19 billion, a PE ratio of 25.90, a PEG ratio of 2.36 and a beta of 0.97. Knife River Co. has a 1 year low of $66.13 and a 1 year high of $108.83.

Knife River (NYSE:KNF) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. Knife River had a return on equity of 14.82% and a net margin of 6.96%. The company had revenue of $657.20 million during the quarter, compared to analysts’ expectations of $655.80 million. On average, sell-side analysts predict that Knife River Co. will post 4.11 EPS for the current fiscal year.

Knife River Profile

Knife River Corporation, together with its subsidiaries, provides aggregates- led construction materials and contracting services in the United States. It operates through Pacific, Northwest, Mountain, Central, and Energy Services segments. The company mines, processes, and sells construction aggregates, including crushed stone and sand, and gravel; and produces and sells asphalt and ready-mix concrete.