Paradice Investment Management Acquires Knife River Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 29 2026
0mins
Should l Buy KNF?
Source: Fool
- New Investment Position: Paradice Investment Management acquired 312,743 shares of Knife River in Q4 for $22 million, reflecting a strategic shift towards infrastructure assets with visible demand and pricing power.
- Significant Stake: This new holding represents 4.28% of Paradice's 13F reportable assets, indicating confidence in Knife River's growth potential, particularly driven by public infrastructure projects.
- Performance Growth: Knife River reported a 9% year-over-year revenue increase to $1.2 billion and an 11% rise in adjusted EBITDA to $272.8 million, showcasing the effectiveness of its acquisition strategy and pricing discipline.
- Strong Backlog: The company's backlog reached a record $995 million, up 32% year-over-year, with 87% tied to public works, and most expected to convert to revenue within 12 months, highlighting robust demand in the infrastructure sector.
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Analyst Views on KNF
Wall Street analysts forecast KNF stock price to rise
5 Analyst Rating
4 Buy
1 Hold
0 Sell
Strong Buy
Current: 82.110
Low
75.00
Averages
88.00
High
106.00
Current: 82.110
Low
75.00
Averages
88.00
High
106.00
About KNF
Knife River Corporation is an aggregates-based construction materials and contracting services provider. Its segments include West, Mountain, Central and Energy Services. Each geographic segment offers a vertically integrated suite of products and services, including aggregates, ready-mix concrete, asphalt, and contracting services, while the Energy Services segment, which has locations throughout the Company’s geographic footprint, produces and supplies liquid asphalt and related services, primarily for use in asphalt road construction, and is a supplier to some of the other segments. Through its network of 182 active aggregate sites, 106 ready-mix plants and 51 asphalt plants, and 9 liquid asphalt terminals. It supplies construction materials and contracting services to customers in 14 states. Its construction materials are sold to public and private-sector customers, including federal, state, and municipal governments, as well as industrial, commercial, and residential developers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Smurfit Westrock Leads Decline: Smurfit Westrock's stock dropped about 2.7%, which may negatively impact its future market performance and attractiveness to investors.
- International Paper Also Affected: International Paper's shares also fell by approximately 2.7%, reflecting challenges the company faces in the current economic environment, potentially affecting its profitability and market share.
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- Market Penetration: Donaldson Brothers is a leading supplier of aggregates and ready-mix in the Bitterroot Valley with over 30 years of supply history, and this acquisition provides Knife River with strategic aggregate reserves to support its expansion into a new market.
- Growth Strategy: Knife River President and CEO Brian Gray stated that this acquisition aligns with the company's strategy of targeting vertically integrated opportunities in mid-size, higher-growth markets, enhancing its operational capabilities in western Montana.
- Industry Outlook: With Montana's economic growth, Knife River's enhanced market position through this acquisition is expected to better support future business development and meet increasing market demand.
See More
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- Market Integration: With over 30 years of experience in aggregate production and asphalt paving in northern Utah, Morgan Asphalt's acquisition will allow Knife River to integrate its existing regional operations, enhancing market competitiveness.
- Employee Scale: Morgan Asphalt employs approximately 250 people during peak construction season, and this acquisition will bolster Knife River's human resource allocation to support its expansion across 15 states.
- Future Outlook: Knife River CEO Brian Gray stated that this acquisition not only prepares the company for the upcoming 2026 construction season but also creates additional growth opportunities in both public and private sector projects.
See More
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Acquisition Announcement: Knife River Corporation has acquired Morgan Asphalt, expanding its operations in Salt Lake City.
Strategic Growth: This acquisition is part of Knife River's strategy to enhance its market presence and service offerings in the asphalt industry.
See More
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- Housing Market Recovery: December housing starts increased by 6.2% month-over-month to 1.404 million, significantly surpassing the expected 1.304 million, suggesting a recovery in the housing market that could stimulate investment and consumption in related sectors.
- Manufacturing Production Growth: January manufacturing production rose by 0.6% month-over-month, stronger than the expected 0.4%, marking the largest increase in 11 months, indicating a recovery in manufacturing that supports overall economic growth expectations.
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- Market Reaction: This rating change has attracted significant investor attention, likely leading to increased trading volume in the short term, which could exacerbate stock price volatility and affect the company's market performance.
- Investor Sentiment: A downgrade typically prompts a reevaluation of the company's fundamentals, potentially leading more investors to sell, further depressing the stock price and impacting the company's ability to raise capital.
- Long-term Implications: If the market maintains a pessimistic outlook on Knife River, it could hinder future financing and expansion plans, negatively affecting the company's long-term growth potential.
See More
