Knife River Slides as Investors Appear Cautious Around Quarterly Update

Knife River Corporation (KNF) is down 10.2% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver appears to be investor caution around Knife River’s second-quarter 2026 earnings release, which was scheduled for before the market open today. The catalyst is not fully clear from immediately available filings and press materials, but this could be because investors were looking for strong margin delivery and a firm outlook after management previously said 2026 results were trending toward the upper half of guidance.

Details:

Knife River scheduled its second-quarter 2026 financial results for Tuesday, August 4, 2026, before the NYSE open, with a conference call set for 11:00 a.m. Eastern.

In its first-quarter 2026 update, Knife River kept full-year guidance at $3.3 billion to $3.5 billion of revenue and $520 million to $560 million of adjusted EBITDA.

Management said after first-quarter results that 2026 performance was expected to trend toward the upper half of those ranges, raising the bar for investor expectations entering this report.

The stock traded sharply lower on August 4, with shares falling roughly 10.5% from the prior close, suggesting the market may have been disappointed by second-quarter details, margins, backlog commentary, or the outlook.

Sources:

Knife River Corporation, SEC, MarketBeat

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

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$KNF Hedge Fund Activity

We have seen 156 institutional investors add shares of $KNF stock to their portfolio, and 156 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS GROUP AG added 2,173,411 shares (+1293.8%) to their portfolio in Q1 2026, for an estimated $177,459,008
CAPITAL WORLD INVESTORS added 1,631,886 shares (+161.3%) to their portfolio in Q1 2026, for an estimated $133,243,491
VOSS CAPITAL, LP removed 710,048 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $57,975,419
PRICE T ROWE ASSOCIATES INC /MD/ added 582,153 shares (+14.9%) to their portfolio in Q1 2026, for an estimated $47,532,792
HOOD RIVER CAPITAL MANAGEMENT LLC added 510,622 shares (+inf%) to their portfolio in Q1 2026, for an estimated $41,692,286
FMR LLC removed 326,308 shares (-47.3%) from their portfolio in Q1 2026, for an estimated $26,643,048
CITADEL ADVISORS LLC removed 291,143 shares (-85.2%) from their portfolio in Q1 2026, for an estimated $23,771,825

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$KNF Price Targets

Multiple analysts have issued price targets for $KNF recently. We have seen 6 analysts offer price targets for $KNF in the last 6 months, with a median target of $100.0.

Here are some recent targets:

Timna Tanners from Wells Fargo set a target price of $81.0 on 07/08/2026
Anthony Codling from RBC Capital set a target price of $107.0 on 06/30/2026
Brent Thielman from Oppenheimer set a target price of $95.0 on 05/28/2026
Adrian Huerta from JP Morgan set a target price of $95.0 on 05/06/2026
Trey Grooms from Stephens & Co. set a target price of $105.0 on 02/18/2026
Brent Thielman from DA Davidson set a target price of $105.0 on 02/18/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.