Fractal Investments LLC Acquires 2,900 Shares of Knife River Co. (NYSE:KNF)

Fractal Investments LLC grew its holdings in Knife River Co. (NYSE:KNF) by 34.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,400 shares of the company’s stock after purchasing an additional 2,900 shares during the period. Knife River makes up about 0.2% of Fractal Investments LLC’s holdings, making the stock its 28th biggest position. Fractal Investments LLC’s holdings in Knife River were worth $754,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Knife River by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 5,540,292 shares of the company’s stock worth $270,532,000 after acquiring an additional 46,737 shares during the period. Schonfeld Strategic Advisors LLC increased its stake in Knife River by 19.7% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 1,120,623 shares of the company’s stock worth $54,720,000 after acquiring an additional 184,192 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Knife River by 4.6% during the third quarter. Northern Trust Corp now owns 610,212 shares of the company’s stock worth $29,797,000 after purchasing an additional 26,757 shares in the last quarter. US Bancorp DE raised its stake in Knife River by 1.5% in the third quarter. US Bancorp DE now owns 446,710 shares of the company’s stock valued at $21,813,000 after purchasing an additional 6,521 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in Knife River by 48.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 348,541 shares of the company’s stock valued at $17,019,000 after purchasing an additional 113,575 shares during the last quarter. 80.11% of the stock is currently owned by hedge funds and other institutional investors.

Knife River Trading Down 1.8 %

Knife River stock traded down $1.41 during trading hours on Wednesday, reaching $77.06. The company had a trading volume of 212,285 shares, compared to its average volume of 387,843. The firm has a market cap of $4.36 billion and a price-to-earnings ratio of -0.15. Knife River Co. has a 12-month low of $33.67 and a 12-month high of $83.78. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.63 and a quick ratio of 1.71. The company has a 50-day moving average price of $76.51 and a 200 day moving average price of $66.05.

Knife River (NYSE:KNF) last issued its earnings results on Thursday, February 15th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.20 by $0.16. The company had revenue of $646.90 million for the quarter, compared to the consensus estimate of $566.47 million. Knife River had a net margin of 6.46% and a return on equity of 15.98%. Knife River’s revenue was up 20.4% on a year-over-year basis. Equities analysts forecast that Knife River Co. will post 3.5 earnings per share for the current year.

Analyst Ratings Changes

KNF has been the topic of several research reports. Bank of America began coverage on shares of Knife River in a research report on Friday, January 5th. They set a “buy” rating and a $81.00 price objective on the stock. Loop Capital assumed coverage on Knife River in a report on Tuesday, February 13th. They issued a “buy” rating and a $81.00 price objective for the company. Wolfe Research started coverage on Knife River in a research report on Friday, March 8th. They set a “peer perform” rating on the stock. Oppenheimer boosted their target price on Knife River from $75.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Finally, Siebert Williams Shank increased their price target on shares of Knife River from $65.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, December 26th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $76.20.

Knife River Company 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.