Gamco Investors INC. ET AL Buys 13,449 Shares of Knife River Corporation $KNF

Gamco Investors INC. ET AL boosted its position in Knife River Corporation (NYSE:KNF) by 16.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 95,348 shares of the company’s stock after acquiring an additional 13,449 shares during the period. Gamco Investors INC. ET AL’s holdings in Knife River were worth $6,708,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Baillie Gifford & Co. bought a new position in Knife River during the 3rd quarter valued at approximately $169,020,000. State Street Corp raised its position in Knife River by 0.6% during the 2nd quarter. State Street Corp now owns 2,101,198 shares of the company’s stock valued at $171,542,000 after purchasing an additional 12,308 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Knife River by 2.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,247,486 shares of the company’s stock valued at $95,880,000 after purchasing an additional 31,560 shares during the last quarter. Ameriprise Financial Inc. raised its position in Knife River by 30.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 787,736 shares of the company’s stock valued at $64,311,000 after purchasing an additional 182,462 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in Knife River by 30.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 578,023 shares of the company’s stock valued at $40,664,000 after purchasing an additional 135,982 shares during the last quarter. Institutional investors own 80.11% of the company’s stock.

Knife River Trading Down 5.0%

Shares of NYSE KNF opened at $70.77 on Wednesday. The firm’s 50 day moving average price is $83.38 and its 200-day moving average price is $78.63. The company has a market cap of $4.02 billion, a PE ratio of 27.54, a P/E/G ratio of 1.33 and a beta of 0.55. Knife River Corporation has a 52-week low of $58.72 and a 52-week high of $99.99. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.31 and a current ratio of 2.67.

Knife River (NYSE:KNF) last posted its earnings results on Tuesday, May 5th. The company reported ($1.40) EPS for the quarter, topping analysts’ consensus estimates of ($1.42) by $0.02. The business had revenue of $410.13 million during the quarter, compared to analyst estimates of $387.06 million. Knife River had a return on equity of 9.35% and a net margin of 4.58%.The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the company earned ($1.21) EPS. On average, equities research analysts expect that Knife River Corporation will post 3.33 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on KNF. Weiss Ratings cut shares of Knife River from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Royal Bank Of Canada increased their price target on shares of Knife River from $106.00 to $109.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. Wells Fargo & Company decreased their price target on shares of Knife River from $81.00 to $80.00 and set an “underweight” rating for the company in a research note on Wednesday, April 15th. Stephens increased their price target on shares of Knife River from $86.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 18th. Finally, Wall Street Zen raised shares of Knife River from a “sell” rating to a “hold” rating in a research note on Monday, February 23rd. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Knife River has a consensus rating of “Moderate Buy” and an average target price of $98.00.

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.