LVW Advisors LLC Sells 474 Shares of Knife River Co. (NYSE:KNF)

LVW Advisors LLC trimmed its stake in shares of Knife River Co. (NYSE:KNF) by 7.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,553 shares of the company’s stock after selling 474 shares during the period. LVW Advisors LLC’s holdings in Knife River were worth $564,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of KNF. GAMMA Investing LLC increased its stake in Knife River by 129.4% in the 3rd quarter. GAMMA Investing LLC now owns 312 shares of the company’s stock worth $28,000 after acquiring an additional 176 shares during the last quarter. Huntington National Bank raised its stake in Knife River by 586.0% during the third quarter. Huntington National Bank now owns 343 shares of the company’s stock valued at $31,000 after purchasing an additional 293 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Knife River during the second quarter valued at $43,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Knife River in the 3rd quarter worth $60,000. Finally, Sittner & Nelson LLC raised its position in shares of Knife River by 18.5% during the 3rd quarter. Sittner & Nelson LLC now owns 960 shares of the company’s stock valued at $86,000 after buying an additional 150 shares in the last quarter. 80.11% of the stock is currently owned by institutional investors.

Knife River Stock Up 0.6 %

Shares of KNF opened at $104.91 on Tuesday. The firm has a fifty day moving average price of $101.46 and a 200-day moving average price of $89.67. The company has a current ratio of 2.72, a quick ratio of 1.91 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $5.94 billion, a P/E ratio of 30.06, a P/E/G ratio of 2.20 and a beta of 0.78. Knife River Co. has a 12-month low of $62.10 and a 12-month high of $108.39.

Knife River (NYSE:KNF) last issued its earnings results on Monday, November 4th. The company reported $2.60 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $1.12 billion. During the same period last year, the business posted $2.58 earnings per share. The business’s revenue was up 1.4% compared to the same quarter last year. Equities research analysts expect that Knife River Co. will post 3.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

KNF has been the subject of several analyst reports. DA Davidson raised their price objective on Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Loop Capital dropped their price objective on shares of Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, Oppenheimer increased their target price on shares of Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Knife River currently has an average rating of “Moderate Buy” and an average target price of $103.75.

Knife River Profile

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.