John G Ullman & Associates Inc. Sells 483 Shares of Knife River Co. (NYSE:KNF)

John G Ullman & Associates Inc. lowered its stake in Knife River Co. (NYSE:KNF) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,336 shares of the company’s stock after selling 483 shares during the period. John G Ullman & Associates Inc. owned 0.11% of Knife River worth $4,125,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Financial Management Professionals Inc. acquired a new stake in Knife River during the 4th quarter worth $35,000. Lazard Asset Management LLC bought a new stake in Knife River in the 2nd quarter valued at $28,000. DekaBank Deutsche Girozentrale bought a new stake in Knife River in the 3rd quarter valued at $34,000. Planned Solutions Inc. bought a new stake in Knife River during the 4th quarter worth about $53,000. Finally, Fairfield Bush & CO. bought a new stake in Knife River during the 2nd quarter worth about $51,000. Institutional investors and hedge funds own 80.11% of the company’s stock.

Knife River Stock Performance

Shares of NYSE:KNF traded down $0.41 on Friday, reaching $75.40. 407,447 shares of the company’s stock were exchanged, compared to its average volume of 390,817. The company has a fifty day moving average of $75.79 and a 200-day moving average of $65.15. Knife River Co. has a twelve month low of $33.67 and a twelve month high of $83.78. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.71 and a current ratio of 2.63.

Knife River (NYSE:KNF) last issued its quarterly earnings results on Thursday, February 15th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.16. Knife River had a net margin of 6.46% and a return on equity of 15.98%. The company had revenue of $646.90 million during the quarter, compared to the consensus estimate of $566.47 million. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. As a group, analysts expect that Knife River Co. will post 3.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on KNF shares. Loop Capital started coverage on shares of Knife River in a research note on Tuesday, February 13th. They set a “buy” rating and a $81.00 price objective on the stock. Bank of America assumed coverage on shares of Knife River in a research note on Friday, January 5th. They issued a “buy” rating and a $81.00 price target on the stock. Oppenheimer upped their price target on shares of Knife River from $75.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Wolfe Research assumed coverage on shares of Knife River in a research note on Friday, March 8th. They issued a “peer perform” rating on the stock. Finally, Siebert Williams Shank upped their price target on shares of Knife River from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, December 26th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $76.20.

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 six segments: Pacific, Northwest, Mountain, North Central, South, and Energy Services. The company mines, processes, and sells construction aggregates, including crushed stone and sand, and gravel; and produces and sells asphalt and ready-mix concrete, as well as provides contracting service, such as heavy-civil construction, asphalt and concrete paving, and site development and grading.