Knife River
0
Funds holding %
of 7,398 funds
–
Analysts bullish %
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]
68% more first-time investments, than exits
New positions opened: 74 | Existing positions closed: 44
29% more capital invested
Capital invested by funds: $4.09B [Q3] → $5.28B (+$1.19B) [Q4]
24% more repeat investments, than reductions
Existing positions increased: 141 | Existing positions reduced: 114
6.4% more ownership
Funds ownership: 80.94% [Q3] → 87.34% (+6.4%) [Q4]
6% more funds holding
Funds holding: 389 [Q3] → 412 (+23) [Q4]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$102
11%
upside
Avg. target
$111
21%
upside
High target
$120
31%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Wells Fargo Gabe Hajde 51% 1-year accuracy 33 / 65 met price target | 11%upside $102 | Overweight Initiated | 10 Mar 2025 |
Stephens & Co. Trey Grooms 25% 1-year accuracy 5 / 20 met price target | 31%upside $120 | Overweight Reiterated | 14 Feb 2025 |
Financial journalist opinion
Neutral
Seeking Alpha
1 week ago
Knife River: It's Not Time To Turn Bearish Just Yet
Knife River Corporation has significantly outperformed the market, with a 16.8% stock increase since July 2024 and a 78.8% rise since October 2023. Despite mixed volume results, revenue and gross profit have surged due to higher pricing in aggregates, ready-mix concrete, and asphalt. Its recent acquisition of Strata Corporation and strong public spending forecasts support continued growth, justifying a maintained 'buy' rating for now.
Neutral
Business Wire
3 weeks ago
Knife River Completes Acquisition of Strata Corporation
BISMARCK, N.D.--(BUSINESS WIRE)--Knife River Corporation (NYSE: KNF) announced today that it has completed its previously announced acquisition of Strata Corporation, a leading construction materials and contracting services provider in North Dakota and northwestern Minnesota. The purchase price was $454 million, reflecting a multiple of approximately 9 times Strata's projected 2025 EBITDA. Strata is an aggregates-led, vertically integrated company that employs over 900 team members during peak.
Neutral
Seeking Alpha
1 month ago
Knife River Corporation (KNF) Q4 2024 Earnings Call Transcript
Knife River Corporation (NYSE:KNF ) Q4 2024 Earnings Conference Call February 13, 2025 11:00 AM ET Company Participants Nathan Ring - Vice President & Chief Financial Officer Brian Gray - President & Chief Executive Officer Conference Call Participants Brent Thielman - D.A. Davidson Kathryn Thompson - Thompson Research Group Trey Grooms - Stephens Garik Shmois - Loop Capital Isaac Sellhausen - Oppenheimer Operator Good morning, ladies and gentlemen, and welcome to the Knife River Corporation Fourth Quarter and Full Year 2024 Results Conference Call.
Neutral
Business Wire
1 month ago
Knife River Corporation Reports Fourth Quarter and Full-year 2024 Financial Results
BISMARCK, N.D.--(BUSINESS WIRE)--Knife River Corporation (NYSE: KNF), an aggregates-led, vertically integrated construction materials and contracting services company, today announced financial results for the fourth quarter and full-year ended December 31, 2024. PERFORMANCE SUMMARY Three Months Ended December 31, Twelve Months Ended December 31, (In millions, except per share) 2024 2023 % Change 2024 2023 % Change Revenue $657.2 $646.9 2% $2,899.0 $2,830.3 2% Net income $23.3 $20.7 12%.
Neutral
Business Wire
2 months ago
Knife River Corporation Announces Fourth Quarter and Full-Year 2024 Results Conference Call
BISMARCK, N.D.--(BUSINESS WIRE)--Knife River Corporation (NYSE: KNF), an aggregates-led, vertically integrated construction materials and contracting services company, will host its fourth quarter and full-year 2024 earnings conference call at 11 a.m. EST Thursday, February 13, 2025. Financial results for the quarter will be released that morning before the NYSE market opens. A live webcast of the call, along with presentation slides, will be available in the Investors section of the Knife Rive.
Positive
Zacks Investment Research
3 months ago
Knife River to Expand Footprint With $454M Strata Acquisition
KNF inks a deal to acquire Strata for $454 million, boosting its Central Segment and supporting long-term growth.
Neutral
Business Wire
3 months ago
Knife River Enters Definitive Agreement to Acquire Strata Corporation
BISMARCK, N.D.--(BUSINESS WIRE)--Knife River Corporation (NYSE: KNF) announced today that it has entered into a definitive agreement to acquire Strata Corporation, a leading construction materials and contracting services provider in North Dakota and northwestern Minnesota. Based on Strata's projected 2025 Adj. EBITDA, the purchase price of $454 million reflects a multiple in the high single digits. Founded in 1910, Strata is an aggregates-based, vertically integrated company with over 75 aggre.
Neutral
Business Wire
4 months ago
Knife River Names Pladsen Vice President and Chief Excellence Officer
BISMARCK, N.D.--(BUSINESS WIRE)--Knife River Corporation (NYSE: KNF) announced today that Glenn R. Pladsen has been named Vice President and Chief Excellence Officer, tasked with leading core elements of the company's “Competitive EDGE” strategy for long-term, profitable growth. The position takes effect Jan. 1, 2025. “EDGE” stands for EBITDA Margin Improvement, Discipline, Growth and Excellence. The “Excellence” pillar of EDGE helps support each of the other key initiatives. In his current rol.
Positive
Investors Business Daily
4 months ago
Will Donald Trump Crush These Growth Stocks?
Infrastructure construction in the U.S. is booming and analysts expect significant growth for this industry. The post Will Donald Trump Crush These Growth Stocks?
Neutral
Seeking Alpha
4 months ago
Knife River Corporation (KNF) Q3 2024 Earnings Call Transcript
Knife River Corporation (NYSE:KNF ) Q3 2024 Earnings Conference Call November 4, 2024 11:00 AM ET Company Participants Nathan Ring - CFO Brian Gray - President & CEO Conference Call Participants Kathryn Thompson - Thompson Research Trey Grooms - Stephens Garik Shmois - Loop Capital Ian Zaffino - Oppenheimer Sherif El-Sabbahy - Bank of America Merrill Lynch Chris Ellinghaus - Siebert Williams Shank John Ramirez - D.A. Davidson Operator Good morning, ladies and gentlemen, and welcome to the Knife River Corporation Third Quarter Results Conference Call.
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