Carlson Capital L.P. Has $846,000 Holdings in Knife River Corporation $KNF

Carlson Capital L.P. grew its position in shares of Knife River Corporation (NYSE:KNF) by 266.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,000 shares of the company’s stock after buying an additional 8,000 shares during the quarter. Knife River makes up about 0.3% of Carlson Capital L.P.’s investment portfolio, making the stock its 21st largest holding. Carlson Capital L.P.’s holdings in Knife River were worth $846,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Hantz Financial Services Inc. increased its holdings in Knife River by 141.8% in the third quarter. Hantz Financial Services Inc. now owns 341 shares of the company’s stock worth $26,000 after buying an additional 200 shares during the last quarter. Country Trust Bank bought a new stake in Knife River in the second quarter worth approximately $40,000. GHP Investment Advisors Inc. bought a new stake in Knife River in the second quarter worth approximately $48,000. Quent Capital LLC acquired a new position in shares of Knife River during the 3rd quarter worth $47,000. Finally, Huntington National Bank raised its holdings in shares of Knife River by 35.5% during the 2nd quarter. Huntington National Bank now owns 703 shares of the company’s stock valued at $57,000 after purchasing an additional 184 shares in the last quarter. Institutional investors own 80.11% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on KNF shares. Wall Street Zen raised shares of Knife River from a “sell” rating to a “hold” rating in a research note on Saturday. UBS Group raised Knife River to an “overweight” rating in a research report on Tuesday, November 4th. B. Riley Financial assumed coverage on Knife River in a research note on Thursday, January 15th. They set a “buy” rating and a $92.00 price target for the company. Zacks Research raised Knife River from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Finally, JPMorgan Chase & Co. assumed coverage on Knife River in a report on Thursday, December 4th. They issued a “neutral” rating and a $83.00 target price for the company. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.71.

Knife River Trading Up 4.9%

Knife River stock opened at $80.00 on Friday. Knife River Corporation has a 52 week low of $58.72 and a 52 week high of $105.99. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.47 and a current ratio of 2.39. The firm has a market capitalization of $4.53 billion, a PE ratio of 30.65, a PEG ratio of 1.28 and a beta of 0.47. The business’s 50-day simple moving average is $74.96 and its 200-day simple moving average is $75.50.

Knife River (NYSE:KNF) last announced its 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 during the quarter, compared to the consensus estimate of $1.22 billion. Knife River had a return on equity of 9.97% and a net margin of 4.87%. Equities research analysts forecast 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.