Knife River Expands into Utah with Acquisition of Morgan Asphalt in Salt Lake City
Knife Riv Holding Co. (KNF)
Company Research
Source: Business Wire
BISMARCK, N.D.--(BUSINESS WIRE)--Knife River Corporation (NYSE: KNF) announced today that it has acquired Morgan Asphalt Inc., an aggregates-based asphalt paving company in the Salt Lake City, Utah, area.Morgan serves public and private-sector customers across northern Utah. Operations include:Aggregate crushing and production, with well over 30 years of proven reserves.Asphalt production, with a plant in the west Salt Lake City area.Contracting services, including asphalt paving, excavating and grading.“We’re excited about this strategic expansion of our Mountain Region and establishing a footprint in one of the fastest-growing states in the nation,” said Brian Gray, Knife River President and CEO. “Thom Morgan, Matt Morgan and their team have built an excellent reputation in the market, and this acquisition provides Knife River a growth platform that will be integrated into our existing regional operations. We’re excited to welcome Morgan Asphalt to the Knife River team ahead of
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KNF
News
- Knife River (NYSE:KNF) was upgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=KNF&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> frMarketBeat
- Knife River (NYSE:KNF) was given a new $105.00 price target on by analysts at DA Davidson.MarketBeat
- Knife River (NYSE:KNF) had its "outperform" rating reaffirmed by analysts at Royal Bank Of Canada.MarketBeat
- Knife River (NYSE:KNF) had its "overweight" rating reaffirmed by analysts at Stephens.MarketBeat
- Knife River (NYSE:KNF) was downgraded by analysts at Wells Fargo & Company from an "overweight" rating to an "underweight" rating.MarketBeat
KNF
Earnings
- 2/17/26 - Beat
KNF
Sec Filings
- 2/20/26 - Form 10-K
- 2/17/26 - Form 8-K
- KNF's page on the SEC website