Knife River Corporation $KNF Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lessened its holdings in shares of Knife River Corporation (NYSE:KNF) by 68.9% in the 3rd quarter, Holdings Channel reports. The fund owned 24,932 shares of the company’s stock after selling 55,194 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Knife River were worth $1,917,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of KNF. Jones Financial Companies Lllp boosted its holdings in shares of Knife River by 284.9% during the 1st quarter. Jones Financial Companies Lllp now owns 6,390 shares of the company’s stock worth $576,000 after purchasing an additional 4,730 shares during the last quarter. Empowered Funds LLC purchased a new position in Knife River during the first quarter worth approximately $424,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Knife River by 16.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 227,565 shares of the company’s stock worth $20,529,000 after buying an additional 32,762 shares during the last quarter. Hilltop National Bank acquired a new position in Knife River during the second quarter worth $52,000. Finally, KLP Kapitalforvaltning AS grew its holdings in Knife River by 32.8% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 14,975 shares of the company’s stock valued at $1,223,000 after buying an additional 3,700 shares in the last quarter. 80.11% of the stock is owned by hedge funds and other institutional investors.

Knife River Trading Down 3.5%

NYSE KNF opened at $67.19 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.39 and a quick ratio of 1.47. The stock has a market capitalization of $3.81 billion, a P/E ratio of 25.74, a PEG ratio of 1.17 and a beta of 0.47. The firm’s 50-day moving average is $74.84 and its two-hundred day moving average is $75.63. Knife River Corporation has a 12 month low of $58.72 and a 12 month high of $106.89.

Knife River (NYSE:KNF) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.07. Knife River had a net margin of 4.87% and a return on equity of 9.97%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.22 billion. On average, sell-side analysts anticipate that Knife River Corporation will post 4.11 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on KNF shares. Royal Bank Of Canada reduced their price target on Knife River from $115.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Zacks Research upgraded shares of Knife River from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. UBS Group raised shares of Knife River to an “overweight” rating in a research note on Tuesday, November 4th. B. Riley started coverage on shares of Knife River in a research note on Thursday, January 15th. They issued a “buy” rating and a $92.00 price target for the company. Finally, JPMorgan Chase & Co. initiated coverage on shares of Knife River in a report on Thursday, December 4th. They set a “neutral” rating and a $83.00 price target for the company. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Knife River has an average rating of “Moderate Buy” and an average price target of $95.71.

Knife River Company Profile

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.