Corebridge Financial Inc. Has $9.34 Million Stock Holdings in Knife River Co. (NYSE:KNF)

Corebridge Financial Inc. reduced its position in Knife River Co. (NYSE:KNF) by 5.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 91,914 shares of the company’s stock after selling 4,991 shares during the period. Corebridge Financial Inc. owned 0.16% of Knife River worth $9,342,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC increased its position 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. GAMMA Investing LLC grew its position in shares of Knife River by 72.8% during the 4th quarter. GAMMA Investing LLC now owns 539 shares of the company’s stock worth $55,000 after buying an additional 227 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of Knife River during the 3rd quarter worth approximately $60,000. Lee Danner & Bass Inc. bought a new stake in shares of Knife River during the fourth quarter worth approximately $109,000. Finally, Jones Financial Companies Lllp lifted its holdings in Knife River by 40.2% in the fourth quarter. Jones Financial Companies Lllp now owns 1,660 shares of the company’s stock valued at $169,000 after buying an additional 476 shares during the period. Institutional investors own 80.11% of the company’s stock.

Knife River Trading Down 1.0 %

Shares of NYSE KNF opened at $96.10 on Thursday. The company has a quick ratio of 1.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.45. Knife River Co. has a twelve month low of $66.13 and a twelve month high of $108.83. The company’s fifty day moving average is $97.80 and its 200-day moving average is $96.65. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 27.15, a P/E/G ratio of 2.36 and a beta of 0.88.

Knife River (NYSE:KNF) last posted its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The firm had revenue of $657.20 million during the quarter, compared to analysts’ expectations of $655.80 million. Knife River had a return on equity of 14.82% and a net margin of 6.96%. Equities research analysts predict that Knife River Co. will post 4.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KNF. Stephens reiterated an “overweight” rating and set a $120.00 target price on shares of Knife River in a research report on Friday, February 14th. Wells Fargo & Company began coverage on Knife River in a research note on Monday, March 10th. They set an “overweight” rating and a $102.00 price objective for the company. Finally, Oppenheimer increased their target price on Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, Knife River has a consensus rating of “Buy” and a consensus target price of $110.40.

About Knife River

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.