Silvercrest Asset Management Group LLC Acquires 17,234 Shares of Knife River Co. (NYSE:KNF)

Silvercrest Asset Management Group LLC grew its holdings in Knife River Co. (NYSE:KNF) by 1.7% in the 4th quarter, Holdings Channel reports. The fund owned 1,034,246 shares of the company’s stock after purchasing an additional 17,234 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Knife River were worth $105,121,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Capital Research Global Investors increased its position in Knife River by 45.2% during the fourth quarter. Capital Research Global Investors now owns 1,936,532 shares of the company’s stock worth $196,829,000 after acquiring an additional 603,170 shares during the period. Alliancebernstein L.P. grew its position in Knife River by 830.7% in the 4th quarter. Alliancebernstein L.P. now owns 1,101,588 shares of the company’s stock worth $111,965,000 after purchasing an additional 983,223 shares during the last quarter. Driehaus Capital Management LLC increased its holdings in shares of Knife River by 3.7% during the 4th quarter. Driehaus Capital Management LLC now owns 983,212 shares of the company’s stock worth $99,934,000 after purchasing an additional 34,747 shares during the period. Hood River Capital Management LLC lifted its stake in shares of Knife River by 4.3% in the fourth quarter. Hood River Capital Management LLC now owns 906,534 shares of the company’s stock valued at $92,140,000 after buying an additional 37,431 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of Knife River by 1,200.8% in the fourth quarter. American Century Companies Inc. now owns 887,680 shares of the company’s stock valued at $90,224,000 after buying an additional 819,439 shares during the period. 80.11% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Knife River Stock Up 0.4%

KNF opened at $99.69 on Friday. The firm has a market cap of $5.65 billion, a price-to-earnings ratio of 28.16, a PEG 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. The firm’s 50-day simple moving average is $92.29 and its 200-day simple moving average is $97.41. Knife River Co. has a twelve month low of $66.13 and a twelve month high of $108.83.

Knife River (NYSE:KNF) last issued 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 firm had revenue of $353.50 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.84) earnings per share. Equities research analysts anticipate that Knife River Co. will post 4.11 EPS for the current fiscal year.

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.