Harbor Capital Advisors Inc. Acquires 13,199 Shares of Knife River Co. (NYSE:KNF)

Harbor Capital Advisors Inc. grew its holdings in shares of Knife River Co. (NYSE:KNF) by 34.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 51,359 shares of the company’s stock after purchasing an additional 13,199 shares during the period. Harbor Capital Advisors Inc.’s holdings in Knife River were worth $5,220,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of KNF. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Knife River by 12.2% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,064,224 shares of the company’s stock valued at $144,785,000 after acquiring an additional 224,373 shares during the last quarter. State Street Corp increased its position in shares of Knife River by 1.8% during the 3rd quarter. State Street Corp now owns 2,003,069 shares of the company’s stock worth $179,054,000 after purchasing an additional 34,646 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Knife River by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,337,273 shares of the company’s stock worth $119,561,000 after purchasing an additional 26,198 shares in the last quarter. Hood River Capital Management LLC boosted its holdings in shares of Knife River by 5.3% in the 2nd quarter. Hood River Capital Management LLC now owns 761,001 shares of the company’s stock valued at $53,377,000 after buying an additional 38,152 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Knife River by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 699,333 shares of the company’s stock valued at $62,513,000 after buying an additional 5,791 shares in the last quarter. 80.11% of the stock is currently owned by institutional investors and hedge funds.

Knife River Stock Down 3.1 %

Shares of KNF opened at $95.23 on Friday. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 2.81 and a beta of 0.78. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.91 and a current ratio of 2.72. The stock has a fifty day moving average of $100.89 and a 200-day moving average of $88.08. Knife River Co. has a 52 week low of $61.82 and a 52 week high of $108.39.

Knife River (NYSE:KNF) last announced its earnings results on Monday, November 4th. The company reported $2.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.82 by ($0.22). Knife River had a return on equity of 15.22% and a net margin of 6.89%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the business earned $2.58 earnings per share. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Knife River Co. will post 3.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Oppenheimer upped their price target on shares of Knife River from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. DA Davidson raised their target price on shares of Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Loop Capital lowered their price target on Knife River from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $103.75.

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.