Cladis Investment Advisory LLC Purchases 606 Shares of Knife River Co. (NYSE:KNF)

Cladis Investment Advisory LLC increased its position in shares of Knife River Co. (NYSE:KNFFree Report) by 3.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,562 shares of the company’s stock after buying an additional 606 shares during the period. Knife River accounts for 1.1% of Cladis Investment Advisory LLC’s holdings, making the stock its 28th biggest holding. Cladis Investment Advisory LLC’s holdings in Knife River were worth $1,228,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of KNF. DekaBank Deutsche Girozentrale acquired a new stake in Knife River in the third quarter worth $34,000. Financial Management Professionals Inc. acquired a new stake in Knife River in the fourth quarter worth $35,000. TFO Wealth Partners LLC grew its holdings in Knife River by 38,250.0% in the fourth quarter. TFO Wealth Partners LLC now owns 767 shares of the company’s stock worth $51,000 after purchasing an additional 765 shares during the period. Planned Solutions Inc. acquired a new stake in Knife River in the fourth quarter worth $53,000. Finally, Clear Street Markets LLC acquired a new stake in Knife River in the third quarter worth $59,000. Institutional investors own 80.11% of the company’s stock.

Knife River Price Performance

KNF stock traded up $0.94 during midday trading on Friday, reaching $68.75. The company had a trading volume of 396,203 shares, compared to its average volume of 349,238. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.75 and a quick ratio of 1.49. Knife River Co. has a 1 year low of $38.00 and a 1 year high of $83.78. The company has a market capitalization of $3.89 billion and a P/E ratio of 22.18. The firm has a 50-day moving average price of $75.98 and a 200-day moving average price of $70.66.

Knife River (NYSE:KNFGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.84) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.80) by ($0.04). Knife River had a net margin of 6.19% and a return on equity of 14.65%. The business had revenue of $329.60 million during the quarter, compared to analysts’ expectations of $300.98 million. During the same period last year, the company posted ($516.50) EPS. Knife River’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, research analysts anticipate that Knife River Co. will post 3.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on KNF shares. Wolfe Research started coverage on shares of Knife River in a report on Friday, March 8th. They set a “peer perform” rating for the company. Oppenheimer lifted their price objective on shares of Knife River from $75.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Finally, Loop Capital started coverage on shares of Knife River in a report on Tuesday, February 13th. They set a “buy” rating and a $81.00 price objective for the company. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Knife River has an average rating of “Moderate Buy” and an average price target of $76.20.

Check Out Our Latest Research Report on Knife River

About Knife River

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Knife River (NYSE:KNF)

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