Hodges Capital Management Inc. Increases Stock Position in Knife River Corporation $KNF

Hodges Capital Management Inc. increased its stake in shares of Knife River Corporation (NYSE:KNF) by 98.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,000 shares of the company’s stock after purchasing an additional 19,845 shares during the period. Hodges Capital Management Inc. owned approximately 0.07% of Knife River worth $3,075,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Baillie Gifford & Co. purchased a new stake in Knife River during the 3rd quarter valued at $169,020,000. State Street Corp grew its position in Knife River by 0.6% during the second quarter. State Street Corp now owns 2,101,198 shares of the company’s stock valued at $171,542,000 after buying an additional 12,308 shares during the period. Geode Capital Management LLC increased its holdings in Knife River by 1.1% during the second quarter. Geode Capital Management LLC now owns 1,395,726 shares of the company’s stock valued at $113,960,000 after buying an additional 15,464 shares during the last quarter. Invesco Ltd. increased its holdings in Knife River by 2.9% during the second quarter. Invesco Ltd. now owns 1,272,829 shares of the company’s stock valued at $103,914,000 after buying an additional 35,900 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in Knife River by 30.1% in the second quarter. Ameriprise Financial Inc. now owns 787,736 shares of the company’s stock worth $64,311,000 after acquiring an additional 182,462 shares during the period. Hedge funds and other institutional investors own 80.11% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. B. Riley Financial started coverage on Knife River in a research note on Thursday, January 15th. They issued a “buy” rating and a $92.00 price objective for the company. JPMorgan Chase & Co. began coverage on Knife River in a report on Thursday, December 4th. They set a “neutral” rating and a $83.00 price target for the company. Zacks Research raised Knife River from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Royal Bank Of Canada lowered their price objective on Knife River from $115.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Finally, Stephens increased their target price on shares of Knife River from $86.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $94.43.

Trending Headlines about Knife River

Here are the key news stories impacting Knife River this week:

• Positive Sentiment: Q4 beat — Knife River reported EPS of $0.56 vs. the $0.41 consensus and revenue of $755.1M (up 14.9% YoY), beating revenue estimates. This is the primary driver of the rally. Business Wire: Q4 Results
• Positive Sentiment: Raised FY2026 top-line and margin targets — Management set 2026 revenue guidance of $3.3B–$3.5B and targeted $520M–$560M of adjusted EBITDA, giving investors a clearer earnings runway. Seeking Alpha: 2026 Guidance & Strategy
• Positive Sentiment: Backlog and strategic progress — Management emphasized backlog-fueled momentum and progress on vertical integration (which can improve margins and mix if executed). Investors viewed the call highlights as supportive of sustained growth. TipRanks: Earnings Call Highlights
• Neutral Sentiment: Market reaction coverage — Several outlets noted the beat and guidance; headlines (e.g., Yahoo) quantified the stock move and summarized the catalysts without adding new fundamental details. Yahoo Finance: Stock Reaction
• Neutral Sentiment: Analyst estimates — Street models expect Knife River to deliver multi-dollar EPS for FY2026 (consensus estimates are being updated after results); watch upcoming revisions. MarketBeat: Earnings & Guidance
• Negative Sentiment: Margins and valuation remain watchpoints — Q4 net margin (~4.9%) and ROE (~10%) are modest, and the shares trade at a relatively rich P/E (~36). Execution risk on integration and converting backlog to profit could cap upside if margins don’t improve.

Knife River Stock Up 16.4%

KNF opened at $93.99 on Wednesday. The company has a market capitalization of $5.33 billion, a PE ratio of 36.01, a price-to-earnings-growth ratio of 1.36 and a beta of 0.47. The firm has a 50-day simple moving average of $76.03 and a two-hundred day simple moving average of $75.41. The company has a quick ratio of 1.47, a current ratio of 2.39 and a debt-to-equity ratio of 0.73. Knife River Corporation has a 52 week low of $58.72 and a 52 week high of $105.23.

Knife River (NYSE:KNF) last posted its earnings results on Tuesday, February 17th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. The company had revenue of $755.10 million for the quarter, compared to the consensus estimate of $726.60 million. Knife River had a return on equity of 9.97% and a net margin of 4.87%.The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.41 earnings per share. Analysts forecast that Knife River Corporation will post 4.11 earnings per share for the current fiscal year.

Knife River Company Profile

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.