Knife River Corporation (KNF)

In December 2025, Knife River acquired Texcrete Operations LLC and TexAgg LLC, expanding its footprint in the Texas Triangle. In November 2025, the company reported Q3 2025 earnings, beating consensus estimates, leading to upgrades from Wells Fargo & Company and UBS Group, while RBC Capital maintained an "Outperform" rating but lowered its price target. In October 2025, DA Davidson and Oppenheimer reduced their price targets but maintained "buy" and "outperform" ratings, respectively. In December 2025, JPMorgan Chase & Co. initiated coverage with a "neutral" rating. In January 2026, Zacks Research upgraded the stock to a "hold" rating, while Wall Street Zen downgraded it to a "sell" rating, and Wells Fargo downgraded to "Equal-Weight" but raised its price target. The stock's 52-week range has been between $58.72 and $108.83.

Knife River Corp.'s business is subject to demand seasonality, with higher demand during warmer months in northern regions due to increased construction activity. The acquisition of Texcrete in Texas aims to balance this seasonality. The cyclicality and seasonality of the business can impact the company's earnings and return on invested capital.

Knife River Corp. is an integrated construction materials and contracting company based in Bismarck, North Dakota, operating in the Materials sector and Construction Materials industry. It produces aggregates, asphalt mix, and ready-mixed concrete, and offers heavy civil construction, road building, paving, site development, mining, and logistics services. The company serves public and private sector clients and also sells cement, merchandise, and liquid asphalt.

Knife River Corp. operates across the western and central United States, with operations in 14 states organized into Pacific, Northwest, Mountain, Central, South, and Energy Services segments. It has over 180 active aggregate sites, 102 ready-mix plants, 56 asphalt plants, and 9 liquid asphalt terminals, with a presence in states including Montana, North Dakota, Minnesota, South Dakota, Oregon, Washington, Utah, Arizona, and Texas.

While specific details on Knife River Corp.'s brand reputation are limited, the company is recognized as a leading integrated construction materials and contracting company. It is considered a top pick in the Cement and Construction Materials Stock sector, scoring higher than 93% of companies evaluated by MarketBeat and ranking 10th out of 101 stocks in the construction sector. The company emphasizes its commitment to managing its environmental impact and taking care of its team and the public.

Knife River Corp. is primarily owned by institutional investors, holding approximately 61.77% to 95.3% of the stock. Major institutional owners include BlackRock Inc., The Vanguard Group Inc., and Price T Rowe Associates Inc. Individual investors hold around 14.30%, and insiders own less than 1%.