Knife River Co. (NYSE:KNF) Shares Sold by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. lowered its stake in Knife River Co. (NYSE:KNF) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,800 shares of the company’s stock after selling 2,400 shares during the quarter. Polar Asset Management Partners Inc.’s holdings in Knife River were worth $3,842,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Arizona State Retirement System lifted its holdings in Knife River by 0.8% in the 4th quarter. Arizona State Retirement System now owns 15,609 shares of the company’s stock valued at $1,586,000 after acquiring an additional 124 shares during the last quarter. Larson Financial Group LLC lifted its holdings in Knife River by 58.6% in the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock valued at $43,000 after acquiring an additional 157 shares during the last quarter. Private Advisor Group LLC lifted its holdings in Knife River by 1.1% in the 4th quarter. Private Advisor Group LLC now owns 15,696 shares of the company’s stock valued at $1,595,000 after acquiring an additional 170 shares during the last quarter. Bragg Financial Advisors Inc lifted its holdings in Knife River by 0.4% in the 4th quarter. Bragg Financial Advisors Inc now owns 45,365 shares of the company’s stock valued at $4,611,000 after acquiring an additional 185 shares during the last quarter. Finally, Natixis Advisors LLC lifted its holdings in Knife River by 1.6% in the 4th quarter. Natixis Advisors LLC now owns 13,244 shares of the company’s stock valued at $1,346,000 after acquiring an additional 203 shares during the last quarter. Institutional investors and hedge funds own 80.11% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on KNF shares. Wells Fargo & Company upped their price target on shares of Knife River from $102.00 to $114.00 and gave the company an “overweight” rating in a report on Tuesday. Stephens reissued an “overweight” rating and issued a $120.00 price target on shares of Knife River in a report on Friday, February 14th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $112.80.

Knife River Price Performance

NYSE KNF opened at $99.69 on Friday. The stock’s 50-day moving average price is $92.29 and its two-hundred day moving average price is $97.41. The company has a current ratio of 2.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.45. The company has a market cap of $5.65 billion, a PE ratio of 28.16, a PEG ratio of 2.36 and a beta of 0.96. Knife River Co. has a 1 year low of $66.13 and a 1 year high of $108.83.

Knife River (NYSE:KNF) last posted its quarterly earnings data on Tuesday, May 6th. The company reported ($1.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.89) by ($0.32). The company had revenue of $353.50 million for the quarter, compared to analyst estimates of $343.98 million. Knife River had a return on equity of 14.82% and a net margin of 6.96%. Knife River’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.84) EPS. On average, analysts predict that Knife River Co. will post 4.11 EPS for the current year.

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.