Knife River
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 Q3 regulatory filings by fund managers ($100M+ AUM)
680% more call options, than puts
Call options by funds: $7.4M | Put options by funds: $948K
46% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 41
24% more capital invested
Capital invested by funds: $3.29B [Q2] → $4.09B (+$802M) [Q3]
3% more funds holding
Funds holding: 373 [Q2] → 385 (+12) [Q3]
2% more repeat investments, than reductions
Existing positions increased: 126 | Existing positions reduced: 123
1.91% less ownership
Funds ownership: 82.85% [Q2] → 80.94% (-1.91%) [Q3]
33% less funds holding in top 10
Funds holding in top 10: 3 [Q2] → 2 (-1) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Oppenheimer Ian Zaffino 68% 1-year accuracy 21 / 31 met price target | 14%upside $120 | Outperform Maintained | 13 Dec 2024 |
DA Davidson Brent Thielman 82% 1-year accuracy 37 / 45 met price target | 5%upside $110 | Buy Maintained | 6 Nov 2024 |
Loop Capital Garik Shmois 60% 1-year accuracy 12 / 20 met price target | 5%downside $100 | Buy Maintained | 5 Nov 2024 |
Financial journalist opinion
