Congress Asset Management Co. Purchases 16,698 Shares of Knife River Co. (NYSE:KNF)

Congress Asset Management Co. increased its position in shares of Knife River Co. (NYSE:KNF) by 2.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 696,245 shares of the company’s stock after buying an additional 16,698 shares during the period. Congress Asset Management Co. owned 1.23% of Knife River worth $70,766,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Knife River by 129.4% in the 3rd quarter. GAMMA Investing LLC now owns 312 shares of the company’s stock worth $28,000 after acquiring an additional 176 shares in the last quarter. Huntington National Bank increased its holdings in Knife River by 586.0% in the third quarter. Huntington National Bank now owns 343 shares of the company’s stock worth $31,000 after purchasing an additional 293 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Knife River in the third quarter valued at approximately $60,000. Sittner & Nelson LLC boosted its holdings in shares of Knife River by 18.5% during the 3rd quarter. Sittner & Nelson LLC now owns 960 shares of the company’s stock worth $86,000 after buying an additional 150 shares in the last quarter. Finally, Covestor Ltd grew its position in shares of Knife River by 13.2% during the 3rd quarter. Covestor Ltd now owns 1,288 shares of the company’s stock worth $115,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 80.11% of the company’s stock.

Knife River Trading Up 0.5 %

NYSE:KNF opened at $101.88 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.72 and a quick ratio of 1.91. Knife River Co. has a one year low of $66.13 and a one year high of $108.83. The company has a market cap of $5.77 billion, a PE ratio of 29.19, a PEG ratio of 2.41 and a beta of 0.76. The firm has a 50-day moving average of $102.32 and a 200-day moving average of $93.07.

Knife River (NYSE:KNF) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.40 by $0.01. Knife River had a return on equity of 15.22% and a net margin of 6.89%. The firm had revenue of $657.20 million during the quarter, compared to the consensus estimate of $655.80 million. As a group, equities research analysts expect that Knife River Co. will post 3.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Stephens reissued an “overweight” rating and set a $120.00 target price on shares of Knife River in a research note on Friday. Oppenheimer raised their target price on Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Loop Capital dropped their price target on Knife River from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, DA Davidson raised their price objective on Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $112.50.

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.