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Knife River Corporation (KNF)

USD81.67 +1.61 (+2.00%)
US NYSE Basic Materials Construction Materials
Address 1150 West Century Avenue 58506-5568
Bismarck, ND, US
CEO Brian R. Gray
IPO 2023-06-06
CIK 1955520 ISIN US4988941047

Explore sections of this company profile

Description

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.

News Sentiment (7d)
80 Positive

Based on only 1 article — low confidence

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
USD81.67 +1.61 (+2.00%)
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Volume Profile
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Liquidity & share structure
Average Volume
569.1K
Beta
0.53
Float Shares
56.38M
Free Float %
99.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-3.82% -11.22% -1.96% +1.15% +16.10% +17.14% -17.23% +109.16% +109.16% +109.16% +109.16%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (7 ratings, all time) Buy
Price Targets & DCF
Current price
81.67
Low 80.00 -2.0%
Consensus 99.75 +22.1%
Median 105.00 +28.6%
High 109.00 +33.5%
DCF (Unlevered) 121.33 +48.6%
DCF (Levered) 37.67 -53.9%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 70% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 6 -1
Hold 2 0
Sell 1 0
Strong Sell 0 0
Price Target Summary
Period # Analysts Avg Target
Last Month 1
80.00
-2.0%
Last Quarter 4
99.75
+22.1%
Last Year 9
97.67
+19.6%
All Time 15
97.80
+19.8%
Quality scores
Altman Z-Score
2.90
Grey zone
Piotroski F-Score
5 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Construction Materials: +2.8%
    +8.5% Q1'26: +16.0% (vs Q1'25)
  • EPS growth Construction Materials: +14.1%
    -22.3% Q1'26: -15.7% (vs Q1'25)
  • FCF margin FCF growth · Construction Materials: +32.9%
    +2.2% Q1'26: -33.1% (vs Q1'25)
  • EBIT margin Construction Materials: +9.5%
    +9.4% Q1'26: -20.5% (vs Q1'25)
  • ROIC Construction Materials: +5.1%
    +7.8% Q1'26: -8.4% (vs Q1'25)
  • Share dilution Construction Materials: +0.0%
    +0.2% Q1'26: +0.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Construction Materials: 0.56×
    2.57× Q1'26: -11.56× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.67) × ERP
WACC = 79% × Ke + 21% × Kd (6.5%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 119.94 Current price: 81.67
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
7 Rev. Ana.
4 EPS Ana.
Dec 2027
7 Rev. Ana.
5 EPS Ana.
Dec 2028
3 Rev. Ana.
2 EPS Ana.
Dec 2029
2 Rev. Ana.
1 EPS Ana.
Dec 2030
1 Rev. Ana.
1 EPS Ana.
Revenue
2.83B
est: 2.85B (-0.8%)
2.90B
est: 2.89B (+0.2%)
3.15B
est: 3.12B (+0.9%)
3.44B
3.42B – 3.45B
+10.2% YoY
3.62B
3.60B – 3.66B
+5.3% YoY
3.85B
3.85B – 3.85B
+6.4% YoY
4.28B
4.21B – 4.37B
+11.2% YoY
4.55B
4.48B – 4.64B
+6.3% YoY
EBITDA
427.21M
est: 561.18M (-23.9%)
463.11M
est: 569.33M (-18.7%)
488.80M
est: 613.32M (-20.3%)
675.97M
671.98M – 677.96M
+10.2% YoY
711.79M
707.75M – 719.85M
+5.3% YoY
757.05M
757.03M – 757.06M
+6.4% YoY
842.05M
829.18M – 859.70M
+11.2% YoY
895.04M
881.36M – 913.80M
+6.3% YoY
EBIT
303.40M
est: 341.82M (-11.2%)
326.24M
est: 346.78M (-5.9%)
295.10M
est: 373.58M (-21.0%)
411.74M
409.31M – 412.95M
+10.2% YoY
433.56M
431.10M – 438.47M
+5.3% YoY
461.13M
461.12M – 461.13M
+6.4% YoY
512.90M
505.06M – 523.65M
+11.2% YoY
545.18M
536.84M – 556.60M
+6.3% YoY
Net Income
182.87M
est: 176.56M (+3.6%)
201.68M
est: 197.89M (+1.9%)
157.10M
est: 146.61M (+7.2%)
187.70M
183.93M – 190.12M
+28.0% YoY
220.76M
213.73M – 227.78M
+17.6% YoY
228.73M
224.42M – 256.58M
+3.6% YoY
306.12M
300.04M – 314.46M
+33.8% YoY
353.35M
346.33M – 362.97M
+15.4% YoY
SGA
242.54M
est: 229.02M (+5.9%)
253.64M
est: 232.34M (+9.2%)
291.50M
est: 250.30M (+16.5%)
275.86M
274.23M – 276.68M
+10.2% YoY
290.48M
288.83M – 293.77M
+5.3% YoY
308.95M
308.95M – 308.96M
+6.4% YoY
343.64M
338.39M – 350.84M
+11.2% YoY
365.27M
359.68M – 372.92M
+6.3% YoY
EPS
3.23
est: 3.12 (+3.5%)
3.56
est: 3.48 (+2.2%)
2.77
est: 2.61 (+6.1%)
3.29
3.23 – 3.34
+26.1% YoY
3.89
3.76 – 4.00
+18.2% YoY
4.23
3.94 – 4.51
+8.7% YoY
5.38
5.27 – 5.53
+27.3% YoY
6.21
6.09 – 6.38
+15.4% YoY
Recent Grade Changes (3M)
Date Firm Previous New Grade Action
2026-05-06 JP Morgan Neutral Neutral Maintain
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-05-08 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-05-07 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-05-06 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-05-05 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-05-04 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-05-01 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-04-30 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-04-29 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-04-28 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-04-27 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-04-24 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-04-23 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-04-22 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-04-21 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-04-20 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-04-17 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-04-16 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
129.06M
OE per share TTM
2.26
Owner's Yield
2.76%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
48.0%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
135
Total invested
201.26M
Insider transactions (90d)
0
Beneficial owners (>5%)
2
Beneficial owners (>5%)
# Reporting person Amount owned % of class Sole voting Shared voting Sole dispositive Shared dispositive Type Citizenship Filing date SEC filing
1 The Vanguard Group - 23-1945930 6.08M 10.76% 35.7K 5.99M IA Pennsylvania 2023-12-08
2 (1) BlackRock, Inc. 5.90M 10.40% 5.80M 5.90M HC Delaware 2023-07-07

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
135
-248 vs prev Q
New positions
17
Closed positions
263
Increased
59
Reduced
28
Put/Call ratio
0.00
Calls held
Puts held
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 MACQUARIE MANAGEMENT HOLDINGS, INC. 591.1K +591.1K (+100.0%) 41.58B +41.6B (+100.0%) 1.04% +1.043 pp 0.06% +0.063 pp USD70.35 +0.0% 1 qtrs NEW
2 BLACKROCK, INC. 7.01M +92.7K (+1.3%) 493.48M -38.6M (-7.3%) 12.37% +0.142 pp 0.01% -0.001 pp USD89.35 -21.3% 6 qtrs
3 VANGUARD GROUP INC 5.69M -66.2K (-1.2%) 400.16M -42.2M (-9.5%) 10.03% -0.135 pp 0.01% -0.001 pp USD46.00 +52.9% 11 qtrs
4 PRICE T ROWE ASSOCIATES INC /MD/ 3.92M +123.6K (+3.3%) 275.43M -16.0M (-5.5%) 6.91% +0.206 pp 0.03% -0.002 pp USD83.61 -15.9% 11 qtrs
5 BAILLIE GIFFORD & CO 2.13M -70.4K (-3.2%) 149.73M -19.3M (-11.4%) 3.75% -0.138 pp 0.12% -0.001 pp USD76.87 -8.5% 2 qtrs
6 STATE STREET CORP 2.03M -7.9K (-0.4%) 142.94M -13.9M (-8.8%) 3.58% -0.020 pp 0.00% -0.001 pp USD49.47 +42.2% 11 qtrs
7 BARROW HANLEY MEWHINNEY & STRAUSS LLC 1.77M +649.0K (+57.7%) 124.82M +38.3M (+44.3%) 3.12% +1.135 pp 0.42% +0.140 pp USD59.33 +18.6% 11 qtrs
8 CAPITAL RESEARCH GLOBAL INVESTORS 1.66M -198.0K (-10.6%) 117.12M -26.1M (-18.2%) 2.93% -0.360 pp 0.02% -0.005 pp USD92.49 -23.9% 6 qtrs
9 GEODE CAPITAL MANAGEMENT, LLC 1.42M +9.1K (+0.6%) 99.73M -8.5M (-7.9%) 2.50% +0.012 pp 0.01% -0.001 pp USD50.38 +39.6% 11 qtrs
10 DIMENSIONAL FUND ADVISORS LP 1.39M +144.2K (+11.6%) 97.91M +2.0M (+2.1%) 2.45% +0.246 pp 0.02% +0.000 pp USD50.88 +38.3% 11 qtrs
11 MORGAN STANLEY 1.19M -20.5K (-1.7%) 83.67M -9.3M (-10.0%) 2.10% -0.040 pp 0.01% -0.001 pp USD65.06 +8.1% 11 qtrs
12 T. ROWE PRICE INVESTMENT MANAGEMENT, INC. 1.16M -13.7K (-1.2%) 81.45M -8.6M (-9.6%) 2.04% -0.028 pp 0.05% -0.004 pp USD90.85 -22.6% 5 qtrs
13 CAPITAL WORLD INVESTORS 1.01M +1.0M (+100.0%) 71.17M +71.2M (+100.0%) 1.78% +1.781 pp 0.01% +0.010 pp USD70.35 +0.0% 1 qtrs NEW
14 NEUBERGER BERMAN GROUP LLC 900.5K +411.9K (+84.3%) 63.35M +25.8M (+68.7%) 1.59% +0.722 pp 0.05% +0.020 pp USD73.55 -4.4% 11 qtrs
15 WESTWOOD HOLDINGS GROUP INC 825.4K +108.8K (+15.2%) 58.06M +3.0M (+5.4%) 1.46% +0.190 pp 0.47% +0.079 pp USD76.01 -7.4% 2 qtrs
16 GOLDMAN SACHS GROUP INC 746.6K -173.9K (-18.9%) 52.52M -18.2M (-25.8%) 1.32% -0.310 pp 0.01% -0.002 pp USD69.78 +0.8% 11 qtrs
17 VOSS CAPITAL, LLC 710.0K +270.0K (+61.4%) 49.95M +16.1M (+47.7%) 1.25% +0.473 pp 2.40% +0.760 pp USD74.39 -5.4% 2 qtrs
18 CONGRESS ASSET MANAGEMENT CO /MA 700.8K -65.6K (-8.6%) 49.30M -9.6M (-16.3%) 1.24% -0.118 pp 0.35% -0.045 pp USD73.34 -4.1% 8 qtrs
19 FMR LLC 689.8K -522.0K (-43.1%) 48.53M -44.6M (-47.9%) 1.21% -0.927 pp 0.00% -0.002 pp USD90.96 -22.7% 11 qtrs
20 NORTHERN TRUST CORP 672.7K -28.8K (-4.1%) 47.32M -6.6M (-12.2%) 1.18% -0.055 pp 0.01% -0.001 pp USD54.85 +28.3% 11 qtrs
21 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 650.9K +9.4K (+1.5%) 45.79M -3.5M (-7.1%) 1.15% +0.013 pp 0.01% -0.001 pp USD55.62 +26.5% 11 qtrs
22 SILVERCREST ASSET MANAGEMENT GROUP LLC 601.3K -220.1K (-26.8%) 42.30M -20.8M (-33.0%) 1.06% -0.393 pp 0.29% -0.127 pp USD55.11 +27.7% 11 qtrs
23 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 578.0K +136.0K (+30.8%) 40.66M +6.7M (+19.7%) 1.02% +0.237 pp 0.01% +0.003 pp USD87.07 -19.2% 5 qtrs
24 NUVEEN, LLC 553.0K +54.6K (+11.0%) 38.90M +591.0K (+1.5%) 0.98% +0.095 pp 0.01% +0.000 pp USD87.00 -19.1% 4 qtrs
25 BNP PARIBAS ASSET MANAGEMENT HOLDING S.A. 471.0K +124.4K (+35.9%) 33.14M +6.5M (+24.4%) 0.83% +0.217 pp 0.04% -0.031 pp USD82.78 -15.0% 4 qtrs
26 NORGES BANK 465.6K +465.6K (+100.0%) 32.75M +32.8M (+100.0%) 0.82% +0.820 pp 0.00% +0.004 pp USD70.35 +0.0% 1 qtrs NEW
27 BANK OF NEW YORK MELLON CORP 430.3K -92.5K (-17.7%) 30.27M -9.9M (-24.7%) 0.76% -0.166 pp 0.01% -0.002 pp USD45.33 +55.2% 11 qtrs
28 FRONTIER CAPITAL MANAGEMENT CO LLC 427.5K +146.2K (+52.0%) 30.08M +8.5M (+39.1%) 0.75% +0.257 pp 0.32% +0.125 pp USD66.36 +6.0% 11 qtrs
29 MIG CAPITAL, LLC 413.4K +— (+0.0%) 29.08M -2.7M (-8.5%) 0.73% -0.001 pp 4.93% +0.318 pp USD68.61 +2.5% 9 qtrs
30 MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. 411.8K +9.1K (+2.3%) 28.97M -2.0M (-6.4%) 0.72% +0.013 pp 0.04% -0.006 pp USD70.81 -0.6% 7 qtrs
31 US BANCORP \DE\ 409.2K -5.0K (-1.2%) 28.79M -3.1M (-9.6%) 0.72% -0.012 pp 0.03% -0.004 pp USD44.50 +58.1% 11 qtrs
32 LOOMIS SAYLES & CO L P 408.9K -30.8K (-7.0%) 28.77M -5.0M (-14.9%) 0.72% -0.057 pp 0.03% -0.006 pp USD64.35 +9.3% 11 qtrs
33 RAYMOND JAMES FINANCIAL INC 368.3K -141.0 (0.0%) 26.28M -2.0M (-7.2%) 0.65% -0.003 pp 0.01% -0.001 pp USD90.75 -22.5% 5 qtrs
34 CITADEL ADVISORS LLC 341.5K +274.8K (+412.2%) 24.03M +18.9M (+368.7%) 0.60% +0.485 pp 0.00% +0.003 pp USD71.97 -2.3% 11 qtrs
35 BANK OF AMERICA CORP /DE/ 329.9K +65.7K (+24.9%) 23.21M +2.9M (+14.3%) 0.58% +0.115 pp 0.00% +0.000 pp USD72.38 -2.8% 11 qtrs
36 DIAMOND HILL CAPITAL MANAGEMENT INC 329.5K +108.9K (+49.4%) 23.18M +6.2M (+36.7%) 0.58% +0.190 pp 0.12% +0.038 pp USD75.95 -7.4% 3 qtrs
37 PARADICE INVESTMENT MANAGEMENT LLC 312.7K +312.7K (+100.0%) 22.00M +22.0M (+100.0%) 0.55% +0.551 pp 4.28% +4.285 pp USD70.35 +0.0% 1 qtrs NEW
38 INVESCO LTD. 300.1K -601.4K (-66.7%) 21.11M -48.2M (-69.5%) 0.53% -1.063 pp 0.00% -0.008 pp USD88.08 -20.1% 11 qtrs
39 TEACHER RETIREMENT SYSTEM OF TEXAS 255.6K +119.5K (+87.8%) 17.98M +7.5M (+71.8%) 0.45% +0.209 pp 0.06% +0.020 pp USD76.17 -7.6% 11 qtrs
40 UBS ASSET MANAGEMENT AMERICAS INC 226.2K -8.9K (-3.8%) 15.92M -2.2M (-12.0%) 0.40% -0.017 pp 0.00% -0.001 pp USD73.04 -3.7% 10 qtrs
41 BARCLAYS PLC 222.3K +52.2K (+30.7%) 15.64M +433.7K (+2.9%) 0.39% +0.092 pp 0.00% 0.000 pp USD76.64 -8.2% 11 qtrs
42 PENN CAPITAL MANAGEMENT COMPANY, LLC 211.7K -4.8K (-2.2%) 14.93M -1.7M (-10.5%) 0.37% -0.010 pp 1.19% -0.092 pp USD61.25 +14.9% 10 qtrs
43 GW&K INVESTMENT MANAGEMENT, LLC 206.9K +14.6K (+7.6%) 14.56M -224.0K (-1.5%) 0.36% +0.025 pp 0.13% -0.005 pp USD81.28 -13.4% 8 qtrs
44 PRINCIPAL FINANCIAL GROUP INC 205.4K +24.5K (+13.5%) 14.45M +544.0K (+3.9%) 0.36% +0.042 pp 0.01% +0.000 pp USD53.62 +31.2% 11 qtrs
45 VICTORY CAPITAL MANAGEMENT INC 187.8K +72.2K (+62.5%) 13.21M +4.3M (+48.7%) 0.33% +0.126 pp 0.01% +0.002 pp USD73.87 -4.8% 11 qtrs
46 UBS GROUP AG 168.0K -145.5K (-46.4%) 11.82M -12.3M (-51.0%) 0.30% -0.258 pp 0.00% -0.002 pp USD90.23 -22.0% 11 qtrs
47 RHUMBLINE ADVISERS 165.8K -12.1K (-6.8%) 11.67M -2.0M (-14.7%) 0.29% -0.022 pp 0.01% -0.002 pp USD46.51 +51.3% 11 qtrs
48 NEW YORK STATE COMMON RETIREMENT FUND 147.1K +— (+0.0%) 10.35M -959.2K (-8.5%) 0.26% -0.001 pp 0.01% -0.001 pp USD55.58 +26.6% 11 qtrs
49 PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 128.0K -43.4K (-25.3%) 9.01M -4.2M (-31.7%) 0.23% -0.077 pp 0.03% -0.015 pp USD80.42 -12.5% 11 qtrs
50 MAIRS & POWER INC 123.9K +1.8K (+1.5%) 8.71M -668.4K (-7.1%) 0.22% +0.003 pp 0.08% -0.004 pp USD70.90 -0.8% 9 qtrs
51 WELLS FARGO & COMPANY/MN 118.8K +25.6K (+27.5%) 8.36M +1.2M (+16.7%) 0.21% +0.045 pp 0.00% +0.000 pp USD66.35 +6.0% 11 qtrs
52 RENAISSANCE TECHNOLOGIES LLC 116.1K +116.1K (+100.0%) 8.17M +8.2M (+100.0%) 0.20% +0.205 pp 0.01% +0.013 pp USD70.35 +0.0% 10 qtrs
53 GABELLI FUNDS LLC 113.5K +2.4K (+2.2%) 7.99M -555.8K (-6.5%) 0.20% +0.004 pp 0.05% -0.004 pp USD57.63 +22.1% 11 qtrs
54 SWISS NATIONAL BANK 111.7K +1.9K (+1.7%) 7.86M -582.2K (-6.9%) 0.20% +0.003 pp 0.00% 0.000 pp USD48.28 +45.7% 11 qtrs
55 ALLIANCEBERNSTEIN L.P. 111.6K -1.1K (-1.0%) 7.85M -812.8K (-9.4%) 0.20% -0.002 pp 0.00% 0.000 pp USD95.48 -26.3% 11 qtrs
56 BAIRD FINANCIAL GROUP, INC. 107.8K +60.7K (+128.9%) 7.58M +4.0M (+109.5%) 0.19% +0.107 pp 0.01% +0.006 pp USD62.74 +12.1% 11 qtrs
57 ANGELES INVESTMENT ADVISORS, LLC 101.5K -5.3K (-5.0%) 7.14M -1.1M (-13.1%) 0.18% -0.010 pp 0.48% -0.063 pp USD79.12 -11.1% 8 qtrs
58 CREATIVE PLANNING 100.3K +23.7K (+30.9%) 7.05M +1.2M (+19.8%) 0.18% +0.041 pp 0.01% +0.001 pp USD83.91 -16.2% 11 qtrs
59 INTRINSIC EDGE CAPITAL MANAGEMENT LLC 100.0K +100.0K (+100.0%) 7.04M +7.0M (+100.0%) 0.18% +0.176 pp 1.25% +1.254 pp USD70.35 +0.0% 1 qtrs NEW
60 THRIVENT FINANCIAL FOR LUTHERANS 98.2K +16.9K (+20.8%) 6.91M +661.0K (+10.6%) 0.17% +0.029 pp 0.01% +0.000 pp USD73.07 -3.7% 11 qtrs
61 GAMCO INVESTORS, INC. ET AL 95.3K +13.4K (+16.4%) 6.71M +412.2K (+6.5%) 0.17% +0.023 pp 0.06% +0.003 pp USD70.89 -0.8% 11 qtrs
62 CI INVESTMENTS INC. 93.9K +9.8K (+11.6%) 6.61M +140.4K (+2.2%) 0.17% +0.017 pp 0.03% +0.005 pp USD76.28 -7.8% 7 qtrs
63 JPMORGAN CHASE & CO 93.3K -3.7K (-3.9%) 6.56M -895.9K (-12.0%) 0.16% -0.007 pp 0.00% +0.000 pp USD76.14 -7.6% 11 qtrs
64 SEGALL BRYANT & HAMILL, LLC 87.8K +3.9K (+4.7%) 6.18M -269.1K (-4.2%) 0.15% +0.006 pp 0.08% -0.002 pp USD96.95 -27.4% 5 qtrs
65 LEGAL & GENERAL GROUP PLC 86.8K -6.1K (-6.6%) 6.10M -1.0M (-14.5%) 0.15% -0.011 pp 0.00% 0.000 pp USD54.89 +28.2% 10 qtrs
66 TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 81.2K -5.1K (-5.9%) 5.71M -923.0K (-13.9%) 0.14% -0.010 pp 0.04% -0.008 pp USD71.14 -1.1% 11 qtrs
67 DEUTSCHE BANK AG\ 74.8K -43.2K (-36.6%) 5.26M -3.8M (-42.0%) 0.13% -0.077 pp 0.00% -0.001 pp USD69.56 +1.1% 11 qtrs
68 CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM 74.4K -5.0 (0.0%) 5.23M -485.4K (-8.5%) 0.13% -0.001 pp 0.00% 0.000 pp USD50.87 +38.3% 11 qtrs
69 F/M INVESTMENTS LLC 73.6K +11.8K (+19.2%) 5.18M +430.1K (+9.1%) 0.13% +0.020 pp 0.20% +0.014 pp USD74.21 -5.2% 7 qtrs
70 ABRDN PLC 72.3K -40.3K (-35.8%) 5.09M -3.2M (-39.0%) 0.13% -0.072 pp 0.01% -0.005 pp USD89.63 -21.5% 6 qtrs
71 M&T BANK CORP 70.7K +706.0 (+1.0%) 4.97M -406.6K (-7.6%) 0.12% +0.001 pp 0.02% -0.002 pp USD44.39 +58.5% 11 qtrs
72 ADVISOR GROUP HOLDINGS, INC. 70.2K -25.4K (-26.6%) 4.94M -2.4M (-33.0%) 0.12% -0.045 pp 0.01% -0.003 pp USD75.12 -6.3% 11 qtrs
73 RETIREMENT SYSTEMS OF ALABAMA 68.0K -504.0 (-0.7%) 4.78M -482.1K (-9.2%) 0.12% -0.001 pp 0.02% -0.002 pp USD46.19 +52.3% 11 qtrs
74 AMERIPRISE FINANCIAL INC 67.7K -320.7K (-82.6%) 4.76M -25.1M (-84.0%) 0.12% -0.567 pp 0.00% -0.006 pp USD76.60 -8.2% 11 qtrs
75 RUSSELL INVESTMENTS GROUP, LTD. 67.2K +2.1K (+3.2%) 4.72M -278.9K (-5.6%) 0.12% +0.003 pp 0.01% -0.001 pp USD73.18 -3.9% 11 qtrs
76 EXODUSPOINT CAPITAL MANAGEMENT, LP 66.9K +66.9K (+100.0%) 4.70M +4.7M (+100.0%) 0.12% +0.118 pp 0.04% +0.037 pp USD70.35 +0.0% 1 qtrs NEW
77 ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC 63.9K +33.7K (+111.6%) 4.65M +2.5M (+111.9%) 0.11% +0.059 pp 0.01% +0.004 pp USD59.97 +17.3% 11 qtrs
78 ALGERT GLOBAL LLC 63.2K +63.2K (+100.0%) 4.45M +4.4M (+100.0%) 0.11% +0.112 pp 0.07% +0.069 pp USD70.35 +0.0% 1 qtrs NEW
79 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 62.5K +— (+0.0%) 4.40M -408.0K (-8.5%) 0.11% 0.000 pp 0.01% -0.001 pp USD48.75 +44.3% 11 qtrs
80 HEARTLAND ADVISORS INC 60.0K +— (+0.0%) 4.22M -391.2K (-8.5%) 0.11% 0.000 pp 0.23% -0.016 pp USD51.84 +35.7% 11 qtrs
81 LPL FINANCIAL LLC 59.6K +7.3K (+13.9%) 4.20M +171.3K (+4.3%) 0.11% +0.013 pp 0.00% +0.000 pp USD55.64 +26.4% 11 qtrs
82 METLIFE INVESTMENT MANAGEMENT, LLC 58.4K -3.4K (-5.5%) 4.11M -639.9K (-13.5%) 0.10% -0.006 pp 0.02% -0.003 pp USD49.95 +40.8% 11 qtrs
83 KENNEDY CAPITAL MANAGEMENT LLC 58.0K -174.1K (-75.0%) 4.08M -13.8M (-77.1%) 0.10% -0.308 pp 0.09% -0.308 pp USD70.57 -0.3% 11 qtrs
84 JOHN G ULLMAN & ASSOCIATES INC 57.3K -650.0 (-1.1%) 4.03M -423.5K (-9.5%) 0.10% -0.002 pp 0.54% -0.062 pp USD43.50 +61.7% 11 qtrs
85 MANUFACTURERS LIFE INSURANCE COMPANY, THE 56.4K -2.5K (-4.2%) 3.97M -560.1K (-12.4%) 0.10% -0.005 pp 0.00% -0.001 pp USD46.72 +50.6% 11 qtrs
86 ADVISORS ASSET MANAGEMENT, INC. 56.4K +16.0K (+39.7%) 3.97M +864.3K (+27.9%) 0.10% +0.028 pp 0.07% +0.014 pp USD80.23 -12.3% 11 qtrs
87 FIRST MANHATTAN CO. LLC. 55.9K +— (+0.0%) 3.93M -364.5K (-8.5%) 0.10% 0.000 pp 0.01% -0.001 pp USD45.25 +55.5% 11 qtrs
88 CAPTRUST FINANCIAL ADVISORS 55.3K -3.9K (-6.7%) 3.89M -663.8K (-14.6%) 0.10% -0.007 pp 0.01% -0.002 pp USD47.31 +48.7% 11 qtrs
89 HUDSON VALUE PARTNERS, LLC 54.3K +403.0 (+0.7%) 3.88M -263.2K (-6.3%) 0.10% +0.000 pp 1.16% -0.128 pp USD54.57 +28.9% 11 qtrs
90 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 54.3K -42.0 (-0.1%) 3.82M -357.3K (-8.6%) 0.10% 0.000 pp 0.00% -0.001 pp USD46.49 +51.3% 11 qtrs
91 PECAUT & CO. 50.8K -2.5K (-4.7%) 3.57M -523.3K (-12.8%) 0.09% -0.005 pp 1.15% -0.163 pp USD45.01 +56.3% 11 qtrs
92 4D ADVISORS, LLC 50.0K +50.0K (+100.0%) 3.52M +3.5M (+100.0%) 0.09% +0.088 pp 1.93% +1.928 pp USD70.35 +0.0% 1 qtrs NEW
93 MOODY ALDRICH PARTNERS LLC 49.9K -2.3K (-4.4%) 3.51M -500.4K (-12.5%) 0.09% -0.004 pp 0.66% -0.106 pp USD60.04 +17.2% 11 qtrs
94 GILDER GAGNON HOWE & CO LLC 44.5K -156.5K (-77.9%) 3.13M -12.3M (-79.7%) 0.08% -0.277 pp 0.03% -0.124 pp USD55.59 +26.6% 10 qtrs
95 STIFEL FINANCIAL CORP 39.0K +3.5K (+9.8%) 2.74M +13.8K (+0.5%) 0.07% +0.006 pp 0.00% +0.000 pp USD64.49 +9.1% 11 qtrs
96 HUNTER ASSOCIATES INVESTMENT MANAGEMENT LLC 36.7K +23.8K (+184.3%) 2.59M +1.6M (+160.9%) 0.06% +0.042 pp 0.35% +0.208 pp USD74.07 -5.0% 3 qtrs
97 ENVESTNET ASSET MANAGEMENT INC 36.6K -2.5K (-6.5%) 2.57M -433.6K (-14.4%) 0.06% -0.005 pp 0.00% 0.000 pp USD69.11 +1.8% 11 qtrs
98 SOAPSTONE MANAGEMENT L.P. 34.1K +34.1K (+100.0%) 2.40M +2.4M (+100.0%) 0.06% +0.060 pp 1.77% +1.766 pp USD70.35 +0.0% 1 qtrs NEW
99 BANK OF MONTREAL /CAN/ 33.0K +23.0K (+228.8%) 2.32M +1.6M (+200.9%) 0.06% +0.040 pp 0.00% +0.001 pp USD67.30 +4.5% 11 qtrs
100 STATE OF NEW JERSEY COMMON PENSION FUND D 31.6K +7.4K (+30.4%) 2.22M +360.0K (+19.3%) 0.06% +0.013 pp 0.01% +0.001 pp USD54.98 +28.0% 11 qtrs
Ownership breakdown by holder

ETF Ownership

Top ETFs holding this stock Held by 157 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Invesco Building & Construction ETF PKB 2.90% 12.83M 0.57%
2 Invesco S&P Spin-Off ETF CSD 2.31% 5.21M 0.67%
3 MIG Core ETF MIGO 2.09% 11.28M 0.45%
4 T. Rowe Price Natural Resources ETF TURF 0.81% 1.77M 0.44%
5 One Global ETF FFND 0.80% 807.1K 1.61%
6 Fidelity MSCI Materials Index ETF FMAT 0.30% 1.85M 0.08%
7 Global X - U.S. Infrastructure Development ETF PAVE 0.29% 41.07M 0.47%
8 iShares Russell 2000 Growth ETF IWO 0.29% 43.58M 0.24%
9 Vanguard Materials ETF VAW 0.29% 12.87M 0.09%
10 Global X - U.S. Infrastructure Development UCITS ETF PAVE.L 0.28% 2.27M 0.47%

Insider Activity

Insider Activity — Latest Quarter
Ratio by transactions
0.80
Neutral
Ratio by volume
0.78
Neutral
Buys
8
Sells
10
Shares acquired
44.0K
Shares disposed
56.2K
Cash buys
Cash sales
Net activity
-12,224
Insider buys vs sells (history) From To
Recent insider transactions From To
Date Person Role Transaction A/D Security Shares Price Value Owned after D/I Filing
2026-03-31 Fagg Karen B Director A-Award A Phantom Stock 222 0.00 1,062 D
2026-03-06 Gray Brian R. Director / Officer A-Award A Common Stock 20,955 0.00 84,747 D
2026-03-04 Ring Nathan W Officer A-Award A Common Stock 5,211 0.00 30,530 D
2026-03-04 Pladsen Glenn R. Officer A-Award A Common Stock 2,950 0.00 22,094 D
2026-03-04 Liepitz Karl A Officer A-Award A Common Stock 4,611 0.00 44,312 D
2026-03-04 LaChapelle Sarah L. Officer A-Award A Common Stock 2,713 0.00 4,578 D
2026-03-04 Kadrmas Marney L. Officer A-Award A Common Stock 1,199 0.00 4,917 D
2026-03-04 Hastings Trevor J Officer A-Award A Common Stock 6,130 0.00 46,760 D
2026-02-12 Ring Nathan W Officer F-InKind D Common Stock 4,336 81.74 354.4K 25,319 D
2026-02-12 Pladsen Glenn R. Officer F-InKind D Common Stock 1,569 81.74 128.3K 19,144 D
2026-02-12 Liepitz Karl A Officer F-InKind D Common Stock 8,648 81.74 706.9K 39,701 D
2026-02-12 Kadrmas Marney L. Officer F-InKind D Common Stock 1,232 81.74 100.7K 3,718 D
2026-02-12 Hastings Trevor J Officer F-InKind D Common Stock 2,880 81.74 235.4K 45,229 D
2026-02-12 Gray Brian R. Director / Officer F-InKind D Common Stock 19,572 81.74 1.60M 63,792 D
2025-05-22 SANDBROOK WILLIAM J Director A-Award A Common Stock 1,551 0.00 5,695 D
2025-05-22 MOSS PATRICIA L Director A-Award A Common Stock 1,551 0.00 29,834 D
2025-05-22 Hill Thomas W. Director A-Award A Common Stock 1,551 0.00 3,456 D
2025-05-22 Fagg Karen B Director A-Award A Common Stock 1,810 0.00 30,937 D
2025-05-22 Chiodo Patricia Director A-Award A Common Stock 1,551 0.00 3,513 D
2025-05-22 Carmona-Alvarez German Director A-Award A Common Stock 1,551 0.00 6,985 D
2025-04-19 Stevens Sarah L. Officer Common Stock 0 0.00 1,865 D
2025-02-28 Gray Brian R. Director / Officer A-Award A Common Stock 12,599 0.00 93,436 D
2025-02-27 Ring Nathan W Officer F-InKind D Common Stock 1,698 94.73 160.9K 31,577 D
2025-02-27 Pladsen Glenn R. Officer A-Award A Common Stock 1,786 0.00 23,390 D
2025-02-27 Liepitz Karl A Officer F-InKind D Common Stock 7,083 94.73 671.0K 48,349 D
2025-02-27 Kadrmas Marney L. Officer A-Award A Common Stock 709 0.00 4,950 D
2025-02-27 Hastings Trevor J Officer F-InKind D Common Stock 4,016 94.73 380.4K 48,109 D
2025-02-27 Christenson Nancy K. Officer F-InKind D Common Stock 1,583 94.73 150.0K 25,776 D
2024-12-31 Fagg Karen B Director A-Award A Phantom Stock 174 0.00 840 D
2024-09-30 Fagg Karen B Director A-Award A Phantom Stock 198 0.00 666 D
2023-07-12 Ring Nathan W Officer 0 0.00 0
2023-07-12 Hastings Trevor J Officer 0 0.00 0
2023-05-31 Hastings Trevor J Officer 0 0.00 0
2023-05-10 Vollmer Jason L Director 0 0.00 0
2023-05-10 Ring Nathan W Officer 0 0.00 0
2023-05-10 Goodin David L Director / Officer 0 0.00 0

Executive team

Top executives
EBIT / Employee
62.0K
Shares Outstanding
56.75M

Executive compensation

Executive compensation (annual)
# Year Executive Salary Bonus Stock award Option award Incentive Other Total % Stock-
based
Filing
1 2025 Brian R. Gray President and Chief Executive Officer (CEO) 1.00M 3.79M 1.01M 28.8K 5.82M 65.04%
2 2025 Trevor J. Hastings Vice President and Chief Operating Officer (COO) 545.0K 935.4K 342.8K 155.3K 1.98M 47.28%
3 2025 Nathan W. Ring Vice President and Chief Financial Officer (CFO) 545.0K 935.4K 342.8K 83.3K 1.91M 49.07%
4 2025 Karl A. Liepitz Vice President, Chief Legal Officer and Secretary (CLO) 485.0K 832.4K 305.0K 87.6K 1.71M 48.68%
5 2025 Glenn R. Pladsen Vice President and Chief Excellence Officer (CXO) 425.0K 536.4K 267.3K 71.2K 1.30M 41.27%
6 2024 Brian R. Gray President and Chief Executive Officer (CEO) 880.0K 4.12M 1.83M 116.4K 6.94M 59.34%
7 2024 Trevor J. Hastings Vice President and Chief Operating Officer (COO) 525.0K 1.11M 710.4K 94.7K 2.44M 45.58%
8 2024 Nathan W. Ring Vice President and Chief Financial Officer (CFO) 525.0K 1.11M 710.4K 80.9K 2.43M 45.84%
9 2024 Karl A. Liepitz Vice President, Chief Legal Officer and Secretary (CLO) 475.0K 1.01M 642.7K 82.7K 2.21M 45.64%
10 2024 Nancy K. Christenson Vice President of Administration 400.0K 499.3K 433.0K 86.6K 1.42M 35.19%
11 2023 Brian R. Gray President and Chief Executive Officer (CEO) 658.3K 2.62M 1.64M 68.3K 4.99M 52.50%
12 2023 Trevor J. Hastings Vice President and Chief Operating Officer (COO) 466.9K 100.0K 768.2K 752.4K 140.4K 2.23M 34.48%
13 2023 Karl A. Liepitz Vice President, Chief Legal Officer and Secretary (CLO) 470.0K 867.7K 756.9K 91.0K 2.19M 39.70%
14 2023 Nathan W. Ring Vice President and Chief Financial Officer (CFO) 394.4K 661.8K 624.1K 58.8K 1.74M 38.05%
15 2023 Nancy K. Christenson Vice President of Administration 326.1K 353.4K 428.2K 80.5K 1.19M 29.74%
16 2022 Karl A. Liepitz Vice President, Chief Legal Officer and Secretary (CLO) 440.0K 714.5K 187.1K 100.6K 1.44M 49.54%
17 2022 Trevor J. Hastings Vice President and Chief Operating Officer (COO) 400.0K 406.0K 36.7K 97.5K 940.2K 43.18%
18 2022 Brian R. Gray President and Chief Executive Officer (CEO) 359.3K 332.7K 72.3K 764.4K 0.00%
19 2022 Nathan W. Ring Vice President and Chief Financial Officer (CFO) 303.0K 169.1K 95.1K 63.1K 630.3K 26.83%
20 2022 Nancy K. Christenson Vice President of Administration 280.0K 156.3K 87.9K 98.0K 622.2K 25.12%
CEO compensation breakdown

Proxy statements

Proxy statements (DEF 14A)
Filing date Form type Filing
2026-04-06 DEFA14A
2026-04-06 DEF 14A
2025-04-07 DEFA14A
2025-04-07 DEF 14A
2025-03-28 PRE 14A
2024-03-29 DEFA14A
2024-03-29 DEF 14A

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-05-05 8-K
2026-05-05 10-Q
2026-04-30 SC 13G
2026-04-06 DEFA14A
2026-04-06 DEF 14A
2026-04-06 ARS
2026-04-01 4
2026-03-27 SC 13G/A
2026-03-09 4
2026-03-05 4

Executive team

NameTitleCompensationGender
Brian R. Gray Chief Executive Officer, President & Director 2M male
Trevor J. Hastings Vice President & Chief Operating Officer 982.0K male
Nathan W. Ring Vice President & Chief Financial Officer 971.0K male
Karl A. Liepitz Vice President, Chief Legal Officer & Secretary 874.3K male
Glenn R. Pladsen Vice President & Chief Excellence Officer 763.4K male
Tony Spilde Senior Director of Communications
Brad Arntson President of Western North Dakota Division male
Zane Adam Karimi Director of Investor Relations male
Marney Kadrmas Vice President & Chief Accounting Officer female
Rob Rebel President of Central North Dakota Division male
Robert Van Til President of South Region male
Sarah L. LaChapelle Vice President & Chief People Officer female
ESG Rating
B
CONSTRUCTION MATERIALS
Rank: 5 out of 14
2026
E (Environmental)
83.7 / 53.4
Company / Sector avg.
S (Social)
58.7 / 53.3
Company / Sector avg.
G (Governance)
74.0 / 67.6
Company / Sector avg.
ESG Total
72.1 / 58.1
Company / Sector avg.
ESG Score History CONSTRUCTION MATERIALS
Benchmark vs Sector
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
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Dividend history

Earnings history

Earnings reports

Stock splits