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What smart money is saying about Knife River CorporationUnited States flag

KNF · Basic Materials · Construction Materials · Market cap $4.89B

2 funds in our archive have pitched Knife River Corporation — most recently Brown Advisory Small-Cap Growth Strategy in March 2026.

Company profile

Knife River Corporation is a U.S.-based entity focused on supplying aggregate-derived building materials and offering related contracting services. Its business activities are structured across six distinct operational segments: Pacific, Northwest, Mountain, North Central, South, and Energy Services. The company is involved in extracting, processing, and distributing crucial construction aggregates, including varieties of crushed stone, sand, and gravel. Additionally, it produces and sells both asphalt and ready-mix concrete. To support these core product lines, Knife River also performs various contracting tasks, such as heavy-civil construction, paving with asphalt and concrete, and comprehensive site development and grading work. Its primary clients are governmental bodies at the federal, state, and municipal levels, for whom it undertakes a wide range of public infrastructure initiatives. These projects often include highways, bridges, airports, educational facilities, public buildings, and other foundational community works. Founded in 1917, the organization is headquartered in Bismarck, North Dakota.

Fund coverage · 2 theses

  • Brown Advisory Small-Cap Growth Strategy
    March 2026

    Knife River Corporation is a vertically integrated construction materials business seeing stronger demand and potential pricing and margin growth.

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  • Riverwater Small Cap Strategy
    June 2025

    Knife River Corporation (KNF) is a vertically integrated construction materials firm benefiting from strong demand driven by infrastructure investments, with expanding margins and significant public project exposure.

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