Greenwood Capital Associates LLC Has $673,000 Holdings in Knife River Co. (NYSE:KNF)

Greenwood Capital Associates LLC decreased its stake in shares of Knife River Co. (NYSE:KNF) by 23.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,626 shares of the company’s stock after selling 2,067 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Knife River were worth $673,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Algert Global LLC bought a new stake in Knife River in the 2nd quarter valued at about $379,000. Creative Planning grew its stake in Knife River by 36.3% in the second quarter. Creative Planning now owns 5,872 shares of the company’s stock valued at $412,000 after acquiring an additional 1,565 shares during the period. Handelsbanken Fonder AB increased its holdings in shares of Knife River by 40.3% during the third quarter. Handelsbanken Fonder AB now owns 10,800 shares of the company’s stock valued at $965,000 after acquiring an additional 3,100 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Knife River by 129.4% during the third quarter. GAMMA Investing LLC now owns 312 shares of the company’s stock worth $28,000 after purchasing an additional 176 shares during the period. Finally, CWM LLC raised its position in shares of Knife River by 53.6% during the third quarter. CWM LLC now owns 5,870 shares of the company’s stock worth $525,000 after purchasing an additional 2,049 shares during the period. Institutional investors own 80.11% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Loop Capital reduced their price target on shares of Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. DA Davidson lifted their price objective on shares of Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Oppenheimer upped their target price on shares of Knife River from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $103.75.

Knife River Price Performance

Shares of NYSE:KNF opened at $102.41 on Wednesday. Knife River Co. has a 1-year low of $65.65 and a 1-year high of $108.83. The company has a current ratio of 2.72, a quick ratio of 1.91 and a debt-to-equity ratio of 0.46. The stock has a market cap of $5.80 billion, a PE ratio of 29.34, a price-to-earnings-growth ratio of 2.39 and a beta of 0.76. The stock’s fifty day simple moving average is $102.61 and its two-hundred day simple moving average is $91.88.

Knife River (NYSE:KNF) last released its quarterly earnings results on Monday, November 4th. The company reported $2.60 earnings per share for the quarter, missing the consensus estimate of $2.82 by ($0.22). The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Knife River had a return on equity of 15.22% and a net margin of 6.89%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.58 earnings per share. As a group, analysts forecast that Knife River Co. will post 3.49 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.