Segall Bryant & Hamill LLC Purchases Shares of 125,801 Knife River Co. (NYSE:KNF)

Segall Bryant & Hamill LLC purchased a new stake in shares of Knife River Co. (NYSE:KNF) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 125,801 shares of the company’s stock, valued at approximately $12,786,000. Segall Bryant & Hamill LLC owned about 0.22% of Knife River as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Congress Wealth Management LLC DE raised its position in Knife River by 6.7% during the 4th quarter. Congress Wealth Management LLC DE now owns 89,248 shares of the company’s stock worth $9,071,000 after purchasing an additional 5,613 shares during the last quarter. LPL Financial LLC raised its position in shares of Knife River by 6.8% during the fourth quarter. LPL Financial LLC now owns 103,186 shares of the company’s stock worth $10,488,000 after acquiring an additional 6,567 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Knife River in the fourth quarter worth approximately $1,146,000. Sei Investments Co. boosted its holdings in Knife River by 13.6% in the fourth quarter. Sei Investments Co. now owns 58,114 shares of the company’s stock valued at $5,907,000 after acquiring an additional 6,973 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Knife River by 1,200.8% during the 4th quarter. American Century Companies Inc. now owns 887,680 shares of the company’s stock valued at $90,224,000 after purchasing an additional 819,439 shares during the period. Institutional investors and hedge funds own 80.11% of the company’s stock.

Knife River Trading Up 0.4 %

KNF opened at $97.01 on Wednesday. The company has a fifty day moving average price of $97.90 and a two-hundred day moving average price of $96.65. Knife River Co. has a 1-year low of $66.13 and a 1-year high of $108.83. The company has a market cap of $5.49 billion, a P/E ratio of 27.40, a price-to-earnings-growth ratio of 2.36 and a beta of 0.88. The company has a current ratio of 2.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.45.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Oppenheimer upped their price objective on shares of Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Stephens reaffirmed an “overweight” rating and set a $120.00 price target on shares of Knife River in a research report on Friday, February 14th. Finally, Wells Fargo & Company began coverage on Knife River in a research report on Monday, March 10th. They issued an “overweight” rating and a $102.00 price objective for the company. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Knife River currently has an average rating of “Buy” and an average target price of $110.40.

About Knife River

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.