Register Financial Advisors LLC Sells 10,650 Shares of Knife River Corporation $KNF

Register Financial Advisors LLC trimmed its position in shares of Knife River Corporation (NYSE:KNF) by 29.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,465 shares of the company’s stock after selling 10,650 shares during the quarter. Register Financial Advisors LLC’s holdings in Knife River were worth $1,791,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Cornerstone Investment Partners LLC boosted its position in Knife River by 5.8% during the 3rd quarter. Cornerstone Investment Partners LLC now owns 2,941 shares of the company’s stock valued at $226,000 after acquiring an additional 161 shares in the last quarter. GAMMA Investing LLC boosted its position in Knife River by 34.8% during the 4th quarter. GAMMA Investing LLC now owns 685 shares of the company’s stock valued at $48,000 after acquiring an additional 177 shares in the last quarter. Hantz Financial Services Inc. boosted its position in Knife River by 141.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 341 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares in the last quarter. Allied Investment Advisors LLC boosted its position in Knife River by 4.6% during the 3rd quarter. Allied Investment Advisors LLC now owns 4,722 shares of the company’s stock valued at $363,000 after acquiring an additional 206 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its position in Knife River by 6.3% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,705 shares of the company’s stock valued at $285,000 after acquiring an additional 220 shares in the last quarter. 80.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KNF. Zacks Research raised Knife River from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Stephens boosted their price target on Knife River from $86.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 18th. Wall Street Zen raised Knife River from a “sell” rating to a “hold” rating in a research report on Monday, February 23rd. DA Davidson boosted their price target on Knife River from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Knife River in a research report on Thursday, January 22nd. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Knife River currently has an average rating of “Moderate Buy” and a consensus target price of $97.43.

Knife River Stock Performance

Shares of KNF opened at $74.85 on Tuesday. The company has a quick ratio of 1.39, a current ratio of 2.54 and a debt-to-equity ratio of 0.70. The business’s 50 day moving average price is $81.31 and its 200-day moving average price is $75.29. Knife River Corporation has a 52 week low of $58.72 and a 52 week high of $103.18. The stock has a market cap of $4.24 billion, a P/E ratio of 27.12, a P/E/G ratio of 1.66 and a beta of 0.41.

Knife River (NYSE:KNF) last issued its quarterly earnings results on Tuesday, February 17th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. Knife River had a return on equity of 10.27% and a net margin of 4.99%.The firm had revenue of $755.06 million for the quarter, compared to analysts’ expectations of $726.60 million. During the same period in the previous year, the firm posted $0.41 EPS. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. Equities research analysts anticipate that Knife River Corporation will post 4.11 earnings per share for the current fiscal year.

About Knife River

Knife River Corporation, headquartered in Bismarck, North Dakota, is a leading integrated construction materials and contracting company in the western United States. The company specializes in producing and supplying aggregates, asphalt mix, ready-mixed concrete and other heavy construction materials used in highway, commercial and residential projects.

In addition to material production, Knife River offers a comprehensive suite of contracting services, including heavy civil construction, road building, underground and open-pit mining and logistics support.