Knife River (KNF)

• Market cap: $5.26B
• 1 day: -8.25%
• 5 days: -8.96%
• 1 month: -13.34%
• 3 months: -7.49%
• 6 months: 23.07%
• Year to date: -7.40%
• 1 year: 29.28%
• 5 years: 136.02%
• 10 years: 136.02%
• Sector: Materials
• Industry: Mining & Quarrying of Nonmetallic Minerals, Except Fuels

About: Knife River Holding Co formerly Knife River Corp provides construction materials and contracting services throughout the western, central, and southern United States. Knife River produces and delivers aggregates and markets crushed stone, sand, gravel, and related construction materials, including ready-mix concrete, asphalt, and other value-added products. It also distributes cement and asphalt oil. It has more than 1 billion tons of aggregate reserves, 110 ready-mix plants, 50 asphalt plants, and a combined 410,000 tons of liquid asphalt and cement storage. The company also performs integrated contracting services for most types of aggregate-related construction, including roads, freeways, bridges, residential properties, schools, shopping centers, office buildings, and industrial parks.

Employees: 4,389

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

332% more call options, than puts

Call options by funds: $5.84M | Put options by funds: $1.35M

150% more funds holding in top 10

Funds holding in top 10: 2 [Q3] → 5 (+3) [Q4]

57% more first-time investments, than exits

New positions opened: 69 | Existing positions closed: 44

28% more capital invested

Capital invested by funds: $4.09B [Q3] → $5.25B (+$1.16B) [Q4]

22% more repeat investments, than reductions

Existing positions increased: 139 | Existing positions reduced: 114

5.99% more ownership

Funds ownership: 80.95% [Q3] → 86.94% (+5.99%) [Q4]

4% more funds holding

Funds holding: 389 [Q3] → 403 (+14) [Q4]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $120 29% upside
• Avg. target: $120 29% upside
• High target: $120 29% upside

2 analyst ratings

• positive: 2 100%
• neutral: 0 0%
• negative: 0 0%

Stephens & Co. Trey Grooms 55% 1-year accuracy 12 / 22 met price target	29% upside $120	Overweight Reiterated	14 Feb 2025
Oppenheimer Ian Zaffino 71% 1-year accuracy 22 / 31 met price target	29% upside $120	Outperform Maintained	13 Dec 2024