Knife River Stock Price Drops 4.9%

Analysts debate whether it's time to sell the construction materials company's shares.

Apr. 4, 2026 at 10:52am

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Shares of Knife River Corporation (NYSE:KNF), a leading integrated construction materials and contracting company in the western United States, fell 4.9% on Thursday, trading as low as $77.55. The stock closed at $78.12, with 290,253 shares changing hands during mid-day trading, down 55% from the average session volume. Analysts have provided mixed reviews, with some maintaining a 'buy' rating and others suggesting an 'underweight' or 'hold' position.

Why it matters

Knife River's stock performance is closely watched as it is a bellwether for the construction industry in the western U.S. region. The company's fortunes are tied to infrastructure spending, commercial development, and residential construction, making its stock price a barometer for economic activity in the region.

The details

Several analysts have commented on Knife River's stock in recent months. DA Davidson lifted its target price from $95 to $105 and maintained a 'buy' rating, while Wells Fargo downgraded the stock to 'underweight' and raised the price target to $81. JPMorgan Chase & Co. increased its price target from $83 to $90 but kept a 'neutral' rating, and Royal Bank of Canada upped its price objective from $106 to $109 while reiterating an 'outperform' rating.

  • Knife River's stock traded down 4.9% on Thursday, April 4, 2026.
  • The stock reached a low of $77.55 and closed at $78.12 on the day.

The players

Knife River Corporation

A leading integrated construction materials and contracting company in the western United States, headquartered in Bismarck, North Dakota.

DA Davidson

An investment firm that raised its price target for Knife River from $95 to $105 and maintained a 'buy' rating on the stock.

Wells Fargo & Company

A financial services company that downgraded Knife River from 'equal weight' to 'underweight' and raised the price target to $81.

JPMorgan Chase & Co.

A multinational investment bank that increased its price target for Knife River from $83 to $90 but kept a 'neutral' rating.

Royal Bank of Canada

A Canadian multinational financial services company that raised its price objective for Knife River from $106 to $109 and maintained an 'outperform' rating.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee

The takeaway

Knife River's stock performance is a key indicator of the construction industry's health in the western United States. The mixed analyst reviews and the stock's recent decline suggest that investors should closely monitor the company's financial results and industry trends to determine if it's the right time to buy, hold, or sell the stock.