Globeflex Capital L P Purchases Shares of 27,190 Koppers Holdings Inc. $KOP

Globeflex Capital L P bought a new position in shares of Koppers Holdings Inc. (NYSE:KOP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 27,190 shares of the specialty chemicals company’s stock, valued at approximately $1,221,000.

A number of other large investors have also bought and sold shares of KOP. Assetmark Inc. bought a new position in shares of Koppers during the 2nd quarter worth about $30,000. Tower Research Capital LLC TRC increased its position in Koppers by 258.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,930 shares of the specialty chemicals company’s stock valued at $62,000 after buying an additional 1,391 shares in the last quarter. Quantbot Technologies LP increased its position in Koppers by 95.6% in the 2nd quarter. Quantbot Technologies LP now owns 2,130 shares of the specialty chemicals company’s stock valued at $68,000 after buying an additional 1,041 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Koppers by 23.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,235 shares of the specialty chemicals company’s stock worth $104,000 after buying an additional 615 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in Koppers during the 4th quarter worth approximately $114,000. 92.75% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider James A. Sullivan sold 80,000 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $50.01, for a total transaction of $4,000,800.00. Following the completion of the transaction, the insider owned 90,398 shares of the company’s stock, valued at approximately $4,520,803.98. The trade was a 46.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Bradley A. Pearce sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $51.01, for a total transaction of $102,020.00. Following the completion of the transaction, the chief accounting officer directly owned 41,037 shares of the company’s stock, valued at approximately $2,093,297.37. This represents a 4.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 97,220 shares of company stock valued at $4,823,398 in the last ninety days. Corporate insiders own 7.28% of the company’s stock.

Koppers Trading Up 1.4%

NYSE:KOP opened at $45.82 on Tuesday. Koppers Holdings Inc. has a 12 month low of $25.00 and a 12 month high of $53.00. The company has a current ratio of 2.33, a quick ratio of 1.01 and a debt-to-equity ratio of 2.31. The firm’s 50 day moving average is $47.36 and its 200 day moving average is $41.54. The stock has a market capitalization of $866.44 million, a PE ratio of -9.71, a price-to-earnings-growth ratio of 11.08 and a beta of 1.25.

Koppers (NYSE:KOP) last posted its quarterly earnings results on Thursday, August 6th. The specialty chemicals company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.25. The company had revenue of $520.10 million for the quarter, compared to analyst estimates of $506.10 million. Koppers had a negative net margin of 4.59% and a positive return on equity of 14.98%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.48 earnings per share. Koppers has set its FY 2026 guidance at 3.800-4.200 EPS. Sell-side analysts expect that Koppers Holdings Inc. will post 4.08 earnings per share for the current year.

Koppers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Friday, August 28th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $0.36 annualized dividend and a yield of 0.8%. Koppers’s dividend payout ratio (DPR) is currently -7.63%.

Analysts Set New Price Targets

A number of equities research analysts have commented on KOP shares. Weiss Ratings cut Koppers from a “hold (c+)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Wall Street Zen lowered Koppers from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 15th. Barrington Research reiterated an “outperform” rating and issued a $55.00 target price on shares of Koppers in a report on Monday, May 4th. Finally, Singular Research raised 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, one has given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.00.

About Koppers

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.