Silvercrest Asset Management Group Reduces $7M in Knife River Corporation ($KNF)

Silvercrest Asset Management Group has reduced its position in KNF according to its latest Form 13F filing with the SEC. The firm sold 74,638 shares, cutting its stake by 12.4% to 526,666 shares. This holding is valued at approximately $48.9 million as of the reporting period.

What Changed in Silvercrest Asset Management's KNF Position

Silvercrest Asset Management trimmed its KNF holdings by 12.4%, selling 74,638 shares. The firm now holds 526,666 shares worth around $48.9 million. Previously, it held 601,304 shares.

Other Institutional Activity in KNF

BlackRock, Inc. reduced its KNF holdings by 42,786 shares, resulting in a 0.6% decrease to 6,971,833 shares, valued at about $569.3 million. Price T Rowe Associates significantly increased its stake by 582,153 shares, a 14.9% rise, ending with 4,497,284 shares worth approximately $367.2 million. Vanguard Portfolio Management LLC opened a new position with 2,742,086 shares valued at $223.9 million. Baillie Gifford & Co increased its holdings by 539,847 shares, a 25.4% increase, reaching 2,668,248 shares valued at $217.9 million. Capital World Investors also boosted its shares by 1,631,886, a 161.3% surge, to 2,643,484 shares worth about $215.8 million.

Knife River Corporation Stock Up 44.6%

Shares of KNF traded near $92.9 on Friday. The company's stock has shown varied performance with a 52-week low and high yet to be detailed. The movements in stock price are reflected by its 50-day and 200-day moving averages, which provide insights into its recent trading trends.

Insider Buying and Selling at Knife River Corporation

On May 20, 2026, several insiders purchased shares of KNF. William Sandbrook, German Carmona-Alvarez, Patricia Chiodo, Patricia Moss, Karen Fagg, and Thomas Hill each bought 2,040 shares. Karen Fagg acquired slightly more, with 2,380 shares. These transactions were not part of a planned trading program.

Analysts Set New Price Targets

On May 28, 2026, Oppenheimer assumed coverage of KNF with a 'buy' rating and a $95 price target. Earlier, on May 6, JP Morgan maintained a 'hold' rating with a target of $95. Wells Fargo, on April 15, reiterated a 'sell' rating with an $80 target. The consensus among analysts is varied, with recommendations ranging from 'buy' to 'sell' and target prices spanning from $75 to $109.

About KNF

KNF operates in a specialized sector, offering innovative solutions and services. The company is known for its commitment to quality and customer service. Headquartered in a strategic location, KNF employs a dedicated team focused on advancing its industry presence.

Bottom Line

Silvercrest Asset Management's recent reduction in its KNF holdings signals a strategic adjustment. Investors closely watch such moves, as 13F filings offer a snapshot of past positions and don't necessarily reflect current strategies. With ongoing insider buying and varied analyst opinions, KNF remains a stock of interest for market participants.