Silvercrest Asset Management Group 13F: Cuts KNF Stake by $6.9M

Silvercrest Asset Management Group has reduced its holdings in Knife River Corporation (NYSE: KNF) by 74,638 shares, reflecting a 12.4% decrease. As of the latest SEC filing, Silvercrest holds 526,666 shares valued at approximately $48.96 million.

What Changed in Silvercrest Asset Management's Knife River Position

Silvercrest Asset Management trimmed its Knife River stake from 601,304 shares to 526,666 shares, marking a 12.4% decrease. This adjustment reflects a strategic shift in their investment portfolio, with the current holdings valued at $48.96 million.

Other Institutional Activity in Knife River

BlackRock, Inc. slightly reduced its Knife River position by 42,786 shares, maintaining 6,971,833 shares worth about $569.25 million. In contrast, Price T Rowe Associates Inc increased its stake by 582,153 shares to a total of 4,497,284 shares valued at $367.21 million. Vanguard Portfolio Management LLC opened a new position with 2,742,086 shares valued at $223.89 million. Baillie Gifford & Co added 539,847 shares, resulting in a 25.4% increase, holding 2,668,248 shares worth $217.86 million. Capital World Investors significantly boosted its holdings by 1,631,886 shares, a 161.3% increase, ending with 2,643,484 shares valued at $215.84 million.

Knife River Corporation Stock Up 70.8%

Shares of Knife River Corporation traded near $92.96 on Saturday. The company has a market cap of $5.28 billion and a P/E ratio of 36.17. Its stock has ranged from a 52-week low of $58.72 to a high of $96.28. Knife River's 50-day moving average stands at $82.74, and the 200-day moving average is $77.51. The company maintains a current ratio of 2.675 and a quick ratio of 0.902, with a debt-to-equity ratio of 95.104.

Recent Earnings

Knife River Corporation reported revenue of $3.20 billion, with a growth rate of 16%. The company achieved a net margin of 4.58% and a return on equity of 9.88%. Its earnings per share (EPS) was $2.57. The next earnings report is expected on August 4, 2026.

Insider Buying and Selling at Knife River Corporation

On May 20, 2026, several insiders, including William Sandbrook, German Carmona-Alvarez, Patricia Chiodo, Patricia Moss, Karen Fagg, and Thomas Hill, bought 2,040 shares each. Karen Fagg purchased 2,380 shares. These transactions were not conducted under a Rule 10b5-1 plan.

Analysts Set New Price Targets

On May 28, 2026, Oppenheimer assumed coverage of Knife River with a 'buy' rating and a $95 price target. Earlier, on May 6, 2026, JP Morgan maintained a 'hold' rating with a $95 target. Wells Fargo, on April 15, 2026, maintained a 'sell' rating with an $80 target. The consensus recommendation is a 'buy', with a mean price target of $104.11 based on 9 analyst opinions.

About Knife River Corporation

Knife River Corporation, headquartered in Bismarck, North Dakota, operates in the Basic Materials sector, focusing on building materials. The company provides aggregates-based construction materials and contracting services across the United States. It operates through segments like West, Mountain, Central, and Energy Services, offering products such as crushed stone, sand, gravel, asphalt, and ready-mix concrete. Knife River also provides heavy-civil construction and paving services, primarily for public infrastructure projects.

Bottom Line

Silvercrest Asset Management's decision to reduce its Knife River holdings by 12.4% highlights a strategic shift in its investment approach. Investors often track such changes as 13F filings provide a backward-looking view of institutional positions. While analysts have varied opinions on Knife River, the company continues to show strong fundamentals with its position in the building materials industry.