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

Hodges Capital Management Inc. lifted its holdings in Knife River Corporation (NYSE:KNF) by 98.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,000 shares of the company’s stock after buying an additional 19,845 shares during the period. Hodges Capital Management Inc.’s holdings in Knife River were worth $3,075,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in KNF. Cornerstone Investment Partners LLC grew its position in Knife River by 5.8% in the third quarter. Cornerstone Investment Partners LLC now owns 2,941 shares of the company’s stock worth $226,000 after acquiring an additional 161 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Knife River by 1.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 13,292 shares of the company’s stock valued at $1,085,000 after purchasing an additional 167 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Knife River by 3.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,497 shares of the company’s stock worth $367,000 after purchasing an additional 170 shares during the period. Huntington National Bank increased its position in shares of Knife River by 35.5% during the 2nd quarter. Huntington National Bank now owns 703 shares of the company’s stock valued at $57,000 after purchasing an additional 184 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in Knife River by 141.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 341 shares of the company’s stock valued at $26,000 after buying an additional 200 shares during the period. Institutional investors own 80.11% of the company’s stock.

More Knife River News

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.

Analyst Ratings Changes

Several research firms have commented on KNF. Wells Fargo & Company lowered shares of Knife River from an “equal weight” rating to an “underweight” rating and set a $81.00 price objective for the company. in a research note on Wednesday. Stephens lifted their price target on shares of Knife River from $86.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Knife River in a report on Thursday, January 22nd. JPMorgan Chase & Co. assumed coverage on shares of Knife River in a research report on Thursday, December 4th. They issued a “neutral” rating and a $83.00 price objective on the stock. Finally, UBS Group upgraded Knife River to an “overweight” rating in a research report on Tuesday, November 4th. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $94.43.

Knife River Price Performance

Knife River stock opened at $93.99 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.39 and a quick ratio of 1.47. The stock has a market cap of $5.33 billion, a price-to-earnings 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 moving average of $76.03 and a two-hundred day moving average of $75.41. Knife River Corporation has a 1 year low of $58.72 and a 1 year high of $105.23.

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