Fund Exits $5 Million Knife River Position as Stock Drops 31% in One Year

6 days ago 6

Jonathan Ponciano, The Motley Fool

Thu, January 29, 2026 astatine 11:01 AM CST 4 min read

On January 28, Headland Capital disclosed successful an SEC filing that it sold retired its full presumption successful Knife River (NYSE:KNF), an estimated $4.89 cardinal transaction based connected quarterly mean pricing.

According to its SEC filing dated January 28, Headland Capital sold each 63,636 shares of Knife River (NYSE:KNF), with the estimated transaction worth astatine astir $4.89 cardinal based connected quarterly mean pricing.

Top holdings aft the filing:

NYSEMKT:SPY: $78.84 cardinal (21.9% of AUM)
NYSE:PGR: $45.47 cardinal (12.7% of AUM)
NYSEMKT:SPDW: $25.22 cardinal (7.0% of AUM)
NYSEMKT:IVV: $20.15 cardinal (5.6% of AUM)
NASDAQ:BSCV: $19.19 cardinal (5.3% of AUM)

As of January 27, shares of Knife River were priced astatine $68.59, down 31.4% implicit the past twelvemonth and good underperforming the S&P 500 by 47.5 percent points.

Metric

Value

Price (as of 1/27/26)	$68.59
Market capitalization	$3.91 billion
Revenue (TTM)	$3.05 billion
Net income (TTM)	$148.32 million

Knife River produces and sells operation aggregates, asphalt, and ready-mix concrete; provides contracting services for heavy-civil construction, paving, and tract development.
The institution generates gross done the extraction, processing, and merchantability of aggregates and related materials, arsenic good arsenic done operation contracting services supporting nationalist infrastructure projects.
It serves federal, state, and municipal governments, with a absorption connected highways, bridges, airports, schools, and different nationalist infrastructure developments.

Knife River is simply a starring U.S.-based supplier of aggregates-based operation materials and related contracting services, operating crossed aggregate determination segments. The institution leverages its vertically integrated exemplary to supply end-to-end solutions for infrastructure projects, from worldly accumulation to task execution. Its scale, diversified geographic presence, and absorption connected public-sector clients presumption it arsenic a cardinal subordinate successful the operation materials industry.

It’s been a hard twelvemonth for Knife River contempt a coagulated caller net report. In its latest release, the institution delivered grounds third-quarter gross of $1.2 billion, up 9% twelvemonth implicit year, driven mostly by acquisitions and pricing gains. Adjusted EBITDA, meanwhile, climbed 11% to $272.8 million, portion backlog reached a grounds $995 million, with astir 87% tied to nationalist infrastructure projects and astir converting wrong a year. On paper, that looks similar a concern executing done mixed macro conditions.

But the marketplace has been acold little forgiving. Shares are down much than 31% implicit the past year, vastly underperforming the S&P 500. Margins person travel nether unit successful definite regions, and upwind disruptions weighed connected volumes. In Oregon, the institution says it's moving to "right-size" its squad and find operating efficiencies. For a money similar Headland Capital, that hazard illustration whitethorn nary longer fit. Knife River’s maturation communicative present hinges connected flawless execution, borderline recovery, and disciplined equilibrium expanse absorption astatine a clip erstwhile patience is being tested.