Segall Bryant & Hamill LLC Reduces Stake in Knife River Corporation

Investment firm sells over 63,000 shares of the construction materials company

Published on Mar. 5, 2026

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Segall Bryant & Hamill LLC, an investment management firm, reduced its stake in Knife River Corporation (NYSE:KNF) by 43.2% during the third quarter, according to a recent SEC filing. The firm sold 63,856 shares of the company's stock, leaving it with 83,865 shares worth approximately $6.4 million.

Why it matters

This transaction represents a significant reduction in Segall Bryant & Hamill's position in Knife River, a leading producer and supplier of construction materials in the western United States. The move could signal a shift in the firm's investment strategy or outlook on the construction industry.

The details

According to the SEC filing, Segall Bryant & Hamill sold 63,856 shares of Knife River Corporation during the third quarter, reducing its total stake in the company by 43.2%. The firm now owns 83,865 shares, or approximately 0.15% of Knife River's outstanding stock.

  • The share sale occurred during the third quarter of the year.

The players

Segall Bryant & Hamill LLC

An investment management firm that previously held a significant stake in Knife River Corporation.

Knife River Corporation

A leading integrated construction materials and contracting company in the western United States, specializing in the production and supply of aggregates, asphalt mix, ready-mixed concrete, and other heavy construction materials.

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The takeaway

The reduction in Segall Bryant & Hamill's position in Knife River Corporation could indicate a shift in the investment firm's outlook on the construction industry or a rebalancing of its portfolio. However, without further information, it's difficult to determine the specific reasons behind the decision to sell a significant portion of the firm's stake in the company.