Pzena Investment Management LLC Invests $47.65 Million in Koppers Holdings Inc. $KOP

Pzena Investment Management LLC purchased a new position in shares of Koppers Holdings Inc. (NYSE:KOP) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,061,285 shares of the specialty chemicals company’s stock, valued at approximately $47,652,000. Pzena Investment Management LLC owned 5.52% of Koppers at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in Koppers by 3.2% in the first quarter. AQR Capital Management LLC now owns 71,897 shares of the specialty chemicals company’s stock worth $2,013,000 after purchasing an additional 2,212 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Koppers by 3.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,602 shares of the specialty chemicals company’s stock valued at $325,000 after buying an additional 361 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Koppers by 1.8% during the first quarter. Goldman Sachs Group Inc. now owns 107,054 shares of the specialty chemicals company’s stock valued at $2,998,000 after buying an additional 1,845 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Koppers by 3.0% in the first quarter. Empowered Funds LLC now owns 111,031 shares of the specialty chemicals company’s stock worth $3,109,000 after buying an additional 3,212 shares during the period. Finally, Jane Street Group LLC raised its holdings in shares of Koppers by 374.3% in the first quarter. Jane Street Group LLC now owns 52,076 shares of the specialty chemicals company’s stock worth $1,458,000 after buying an additional 41,097 shares during the period. 92.75% of the stock is currently owned by institutional investors.

Koppers Stock Performance

Shares of NYSE:KOP opened at $47.20 on Tuesday. The firm’s 50 day simple moving average is $47.07 and its 200-day simple moving average is $40.99. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.01 and a current ratio of 2.33. Koppers Holdings Inc. has a one year low of $25.00 and a one year high of $53.00. The firm has a market cap of $892.55 million, a PE ratio of -10.00, a price-to-earnings-growth ratio of 11.56 and a beta of 1.25.

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

Koppers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Friday, August 28th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, August 28th. Koppers’s dividend payout ratio is currently -7.63%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Barrington Research restated an “outperform” rating and set a $55.00 price objective on shares of Koppers in a report on Monday, May 4th. Wall Street Zen lowered Koppers from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Singular Research upgraded Koppers to a “strong-buy” rating in a research report on Friday, May 15th. Finally, Weiss Ratings lowered shares of Koppers from a “hold (c+)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Koppers currently has a consensus rating of “Moderate Buy” and an average target price of $55.00.

Insider Transactions at Koppers

In related news, CAO Bradley A. Pearce sold 2,000 shares of Koppers stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $51.01, for a total value of $102,020.00. Following the completion of the sale, the chief accounting officer directly owned 41,037 shares in the company, valued at $2,093,297.37. The trade was a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Stephen G. Lucas sold 1,308 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $44.55, for a total transaction of $58,271.40. Following the completion of the sale, the senior vice president directly owned 34,345 shares of the company’s stock, valued at approximately $1,530,069.75. This trade represents a 3.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 94,220 shares of company stock valued at $4,685,878 over the last 90 days. 7.28% of the stock is owned by corporate insiders.

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.