JB Capital Partners LP Makes New Investment in Koppers Holdings Inc. $KOP

JB Capital Partners LP bought a new position in shares of Koppers Holdings Inc. (NYSE:KOP) during the 4th quarter, Holdings Channel reports. The firm bought 70,000 shares of the specialty chemicals company’s stock, valued at approximately $1,896,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KOP. LSV Asset Management grew its position in Koppers by 17.1% during the third quarter. LSV Asset Management now owns 954,431 shares of the specialty chemicals company’s stock worth $26,724,000 after buying an additional 139,600 shares during the period. Seizert Capital Partners LLC grew its position in Koppers by 209.4% during the fourth quarter. Seizert Capital Partners LLC now owns 112,401 shares of the specialty chemicals company’s stock worth $3,044,000 after buying an additional 76,068 shares during the period. First Trust Advisors LP acquired a new position in Koppers during the third quarter worth about $1,730,000. Intech Investment Management LLC grew its position in Koppers by 521.2% during the fourth quarter. Intech Investment Management LLC now owns 73,572 shares of the specialty chemicals company’s stock worth $1,992,000 after buying an additional 61,728 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Koppers by 76.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 136,080 shares of the specialty chemicals company’s stock worth $3,685,000 after buying an additional 58,899 shares during the period. 92.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on KOP. Weiss Ratings upgraded shares of Koppers from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Wall Street Zen upgraded shares of Koppers from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 16th. Barrington Research restated an “outperform” rating and set a $55.00 target price on shares of Koppers in a research report on Monday, May 4th. Finally, Singular Research upgraded shares of Koppers to a “strong-buy” rating in a research report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $52.50.

Insider Activity at Koppers

In other news, CEO M Leroy Ball sold 2,659 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $42.55, for a total value of $113,140.45. Following the sale, the chief executive officer directly owned 444,096 shares in the company, valued at $18,896,284.80. This represents a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 7.28% of the stock is owned by corporate insiders.

Koppers Stock Up 4.2%

KOP stock opened at $43.26 on Friday. The company’s 50 day simple moving average is $40.16 and its 200-day simple moving average is $34.75. The firm has a market capitalization of $831.91 million, a PE ratio of 11.38, a P/E/G ratio of 10.05 and a beta of 1.26. Koppers Holdings Inc. has a 12 month low of $25.00 and a 12 month high of $46.40. The company has a debt-to-equity ratio of 1.67, a current ratio of 2.71 and a quick ratio of 1.11.

Koppers (NYSE:KOP) last released its quarterly earnings results on Friday, May 8th. The specialty chemicals company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.44 by $0.13. The business had revenue of $455.30 million for the quarter, compared to analyst estimates of $390.10 million. Koppers had a net margin of 4.10% and a return on equity of 14.53%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the prior year, the business earned $0.71 earnings per share. Koppers has set its FY 2026 guidance at 3.800-4.600 EPS. Equities analysts expect that Koppers Holdings Inc. will post 4.13 earnings per share for the current fiscal year.

Koppers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a $0.09 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. Koppers’s dividend payout ratio is currently 9.47%.

Koppers Profile

Koppers Company, Inc is a global specialty chemicals and materials manufacturer serving diverse industrial markets. The company operates through two primary segments: Carbon Materials & Chemicals, which produces a range of coal tar–based products, phenolic specialties and carbon compounds; and Railroad Products & Services, which offers wood treating and infrastructure services for rail and utility customers.

In its Carbon Materials & Chemicals segment, Koppers supplies coal tar pitch, refined creosote, coal tar‐based distillates and phenolic resins used in aluminum smelting, graphite electrode manufacture, carbon fiber production, and water treatment applications.