Thrivent Financial for Lutherans Purchases 14,253 Shares of Knife River Corporation $KNF

Thrivent Financial for Lutherans raised its position in Knife River Corporation (NYSE:KNF) by 21.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 81,315 shares of the company’s stock after purchasing an additional 14,253 shares during the period. Thrivent Financial for Lutherans’ holdings in Knife River were worth $6,250,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Nisa Investment Advisors LLC grew its holdings in shares of Knife River by 1.3% during the second quarter. Nisa Investment Advisors LLC now owns 13,292 shares of the company’s stock worth $1,085,000 after buying an additional 167 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Knife River by 3.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,497 shares of the company’s stock valued at $367,000 after acquiring an additional 170 shares in the last quarter. Huntington National Bank boosted 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. Verdence Capital Advisors LLC grew its stake in shares of Knife River by 6.6% during the 2nd quarter. Verdence Capital Advisors LLC now owns 3,649 shares of the company’s stock worth $298,000 after acquiring an additional 226 shares in the last quarter. Finally, Arizona State Retirement System raised its holdings in shares of Knife River by 1.4% in the third quarter. Arizona State Retirement System now owns 16,764 shares of the company’s stock valued at $1,289,000 after purchasing an additional 231 shares during the last quarter. 80.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on KNF. Zacks Research raised shares of Knife River from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. UBS Group upgraded shares of Knife River to an “overweight” rating in a research note on Tuesday, November 4th. Wall Street Zen upgraded shares of Knife River from a “sell” rating to a “hold” rating in a research note on Saturday. Royal Bank Of Canada decreased their price objective on Knife River from $115.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Knife River in a research report on Thursday, January 22nd. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $95.71.

Knife River Stock Up 4.9%

KNF opened at $80.00 on Friday. The stock’s fifty day simple moving average is $74.96 and its 200 day simple moving average is $75.50. Knife River Corporation has a 1-year low of $58.72 and a 1-year high of $105.99. The stock has a market cap of $4.53 billion, a PE ratio of 30.65, a price-to-earnings-growth ratio of 1.28 and a beta of 0.47. The company has a current ratio of 2.39, a quick ratio of 1.47 and a debt-to-equity ratio of 0.73.

Knife River (NYSE:KNF) last released its quarterly earnings results on Tuesday, November 4th. The company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.07. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Knife River had a net margin of 4.87% and a return on equity of 9.97%. As a group, research analysts expect that Knife River Corporation will post 4.11 earnings per share for the current year.

About Knife River

Knife River Corporation, headquartered in Bismarck, North Dakota, is a leading integrated construction materials and contracting company in the western United States. The company specializes in producing and supplying aggregates, asphalt mix, ready-mixed concrete and other heavy construction materials used in highway, commercial and residential projects.

In addition to material production, Knife River offers a comprehensive suite of contracting services, including heavy civil construction, road building, underground and open-pit mining and logistics support.