Diamond Hill Small-Mid Cap Fund Q3 2026 Contributors And Detractors

The Fund declined 4.75% while the Russell 2500 Index declined 6.37%. Key contributors include Illumina, Revvity and Waystar. Key detractors include Regal Rexnord, Knife River and Red Rock Resorts.

Seeking Alpha • 17 hours ago

Knife River Corporation Announces Timing of Third Quarter 2026 Results Conference Call

BISMARCK, N.D.--(BUSINESS WIRE)--Knife River Corporation (NYSE: KNF), an aggregates-based, vertically integrated construction materials and contracting services company, will host its third quarter 2026 earnings conference call at 11 a.m. EDT on Tuesday, Nov. 3, 2026. Financial results for the quarter will be released that morning before the NYSE market opens.A live webcast of the call, along with presentation slides, will be available in the Investors section of the Knife River website at inves.

Business Wire • Oct 15, 2026

Knife River: Margin Recovery And Activist Pressure Set Up A Discounted Entry Point

Knife River Corporation (KNF) is rated Buy with a price target of $89/share, reflecting anticipated margin recovery and operational improvements. KNF faces near-term headwinds from low-margin backlog, adverse weather, and surging diesel prices, but expects margin improvement as these issues abate. Activist investor Starboard Value is pressuring KNF to explore a sale, with potential upside if a transaction occurs near historical multiples.

Seeking Alpha • Sep 28, 2026

Why Shares of Knife River Were Moving Higher Today

Activist investor Starboard Value sent a letter to Knife River calling for change. It said returns at the construction company have been unacceptable.

The Motley Fool • Sep 24, 2026

Starboard Delivers Letter to Knife River

NEW YORK--(BUSINESS WIRE)--Starboard Value LP (together with its affiliates, “Starboard”), a stockholder of Knife River Corporation (“Knife River” or the “Company”) (NYSE: KNF), today announced that it has delivered a letter to Brian Gray, the Company's President and Chief Executive Officer, with a copy to the Company's Board of Directors. The full text of Starboard's letter to the Company can be viewed here. About Starboard Value LP Starboard Value LP is an investment adviser with a focused an.

Business Wire • Sep 24, 2026

Knife River Reiterates Focus on Disciplined Execution and Shareholder Value Creation

BISMARCK, N.D.--(BUSINESS WIRE)--Knife River Corporation (NYSE: KNF) (“Knife River” or the “Company”) issued the following statement in response to the letter it received today from Starboard Value LP and certain of its affiliates (“Starboard”): The Knife River Board of Directors (the “Board”) and management team welcome input from shareholders and are always open to constructive dialogue in the interest of enhancing shareholder value. The Company first learned of Starboard's investment on Sept.

Business Wire • Sep 24, 2026

Activist Wants This Construction Company to Make Serious Changes. Stock Returns Are ‘Unacceptable.'

Starboard Value is putting pressure on Knife River to turn around the stock's performance.

Barrons • Sep 24, 2026

Activist Starboard Urges Construction Company to Explore Sale

Knife River's stock dropped over 7% Wednesday following an investor presentation.

WSJ • Sep 23, 2026

Knife River: Low ROIC And Low Margins

Knife River Corporation remains rated Hold due to low ROIC, negative ROIC-WACC spread, and limited multiple expansion potential. Q2 results showed strong 13% revenue growth but margin compression from cost inflation and higher fuel prices, partially offset by 8% price increases. KNF's aggregates segment benefits from local monopolies, but overall industry capital returns remain structurally low versus peers like VMC and MLM.

Seeking Alpha • Aug 6, 2026

Knife River Q2 Earnings Call Highlights

Knife River NYSE: KNF reported second-quarter revenue growth of 13% year over year as it converted a record backlog into higher sales, while adjusted EBITDA was flat on a reported basis amid higher diesel costs, weather-related project delays and lower-margin contracting work.

MarketBeat • Aug 5, 2026