Russell Investments Group Ltd. Sells 32,004 Shares of Knife River Corporation $KNF

Russell Investments Group Ltd. decreased its holdings in shares of Knife River Corporation (NYSE:KNF – Free Report) by 36.6% in the 2nd quarter, Holdings Channel reports. The fund owned 55,427 shares of the company’s stock after selling 32,004 shares during the period. Russell Investments Group Ltd.’s holdings in Knife River were worth $4,525,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brooklyn Investment Group increased its position in Knife River by 31,200.0% during the 1st quarter. Brooklyn Investment Group now owns 313 shares of the company’s stock worth $28,000 after purchasing an additional 312 shares in the last quarter. Country Trust Bank acquired a new position in shares of Knife River during the second quarter worth $40,000. GHP Investment Advisors Inc. bought a new position in shares of Knife River in the 2nd quarter valued at $48,000. Hilltop National Bank acquired a new stake in shares of Knife River during the 2nd quarter valued at $52,000. Finally, Huntington National Bank grew its position in Knife River by 35.5% during the 2nd quarter. Huntington National Bank now owns 703 shares of the company’s stock worth $57,000 after acquiring an additional 184 shares during the last quarter. 80.11% of the stock is owned by institutional investors.

Knife River Stock Performance

NYSE:KNF opened at $74.72 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.47 and a current ratio of 2.39. Knife River Corporation has a fifty-two week low of $58.72 and a fifty-two week high of $108.83. The company has a 50 day simple moving average of $69.11 and a two-hundred day simple moving average of $78.67. The company has a market capitalization of $4.23 billion, a PE ratio of 28.63, a P/E/G ratio of 1.52 and a beta of 0.43.

Knife River (NYSE:KNF – Get Free Report) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.45 by $0.07. Knife River had a net margin of 4.87% and a return on equity of 9.97%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.22 billion. Research analysts anticipate that Knife River Corporation will post 4.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. UBS Group upgraded Knife River to an “overweight” rating in a research report on Tuesday, November 4th. JPMorgan Chase & Co. started coverage on shares of Knife River in a research report on Thursday. They set a “neutral” rating and a $83.00 target price on the stock. Oppenheimer reduced their target price on shares of Knife River from $120.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. Royal Bank Of Canada decreased their price target on shares of Knife River from $115.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Finally, DA Davidson cut their price target on shares of Knife River from $105.00 to $95.00 and set a “buy” rating on the stock in a report on Wednesday, October 1st. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Knife River currently has an average rating of “Moderate Buy” and a consensus target price of $96.33.

Read Our Latest Report on Knife River

About Knife River

(Free Report)

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.

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