5 Spin-off Companies in 2023

In this article, we will take a look at the 5 spin-off companies in 2023. To see more such companies, go directly to 13 Spin-off Companies in 2023.

5. Knife River Corporation (NYSE:KNF)

Number of Hedge Fund Holders: 27

MDU Resources Group Inc. (NYSE:MDU) earlier this year completed the spinoff of its construction materials subsidiary, Knife River Corporation (NYSE:KNF). The construction material company’s stock received an Outperform rating in August from Oppenheimer. The firm said Knife River Corporation (NYSE:KNF) is poised to grow amid increasing spending on roads and infrastructure.

Oppenheimer said:

“Knife River Corporation (NYSE:KNF) operates in a highly attractive industry; aggregates and construction materials are critical to public and private construction projects and bountiful tailwinds exist, including significant state and federal infrastructure spending, meaningful population growth and a dearth of housing stock.”