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

Polar Asset Management Partners Inc. lessened its holdings in Knife River Co. (NYSE:KNF) by 6.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,800 shares of the company’s stock after selling 2,400 shares during the quarter. Polar Asset Management Partners Inc. owned approximately 0.07% of Knife River worth $3,842,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in KNF. Larson Financial Group LLC boosted its holdings in Knife River by 58.6% in the fourth quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock worth $43,000 after purchasing an additional 157 shares during the period. Johnson Financial Group Inc. acquired a new position in Knife River in the fourth quarter worth $79,000. Lee Danner & Bass Inc. bought a new position in shares of Knife River during the fourth quarter worth about $109,000. Physician Wealth Advisors Inc. bought a new position in shares of Knife River during the fourth quarter worth about $114,000. Finally, Jones Financial Companies Lllp grew its position in shares of Knife River by 40.2% during the fourth quarter. Jones Financial Companies Lllp now owns 1,660 shares of the company’s stock worth $169,000 after acquiring an additional 476 shares during the last quarter. Institutional investors and hedge funds own 80.11% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on KNF. Stephens restated an “overweight” rating and set a $120.00 price target on shares of Knife River in a research report on Friday, February 14th. Wells Fargo & Company upped their price target on shares of Knife River from $102.00 to $114.00 and gave the stock an “overweight” rating in a research report on Tuesday. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $112.80.

Knife River Stock Up 0.4%

Knife River stock opened at $99.69 on Friday. The company has a 50-day simple moving average of $92.29 and a 200-day simple moving average of $97.41. The firm has a market capitalization of $5.65 billion, a P/E ratio of 28.16, a P/E/G ratio of 2.36 and a beta of 0.96. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.64 and a current ratio of 2.67. Knife River Co. has a one year low of $66.13 and a one 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 for the quarter, missing the consensus estimate of ($0.89) by ($0.32). The company had revenue of $353.50 million during 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%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.84) EPS. As a group, equities analysts expect that Knife River Co. will post 4.11 earnings per share for the current year.

Knife River Company 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.