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

JB Capital Partners LP purchased a new stake in shares of Koppers Holdings Inc. (NYSE:KOP) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 78,101 shares of the specialty chemicals company’s stock, valued at approximately $3,506,735,000. Koppers comprises 0.5% of JB Capital Partners LP’s holdings, making the stock its 27th biggest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. bought a new position in Koppers during the second quarter worth $136,837,000. Pzena Investment Management LLC bought a new position in shares of Koppers during the 2nd quarter worth about $47,652,000. Simcoe Capital Management LLC bought a new position in shares of Koppers during the 4th quarter worth about $22,032,000. Bank of New York Mellon Corp bought a new stake in shares of Koppers in the second quarter valued at about $9,993,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Koppers in the first quarter valued at about $6,269,000. 92.75% of the stock is owned by institutional investors and hedge funds.

Koppers Trading Down 1.7%

Shares of Koppers stock opened at $45.11 on Friday. Koppers Holdings Inc. has a 12-month low of $25.00 and a 12-month high of $53.00. The stock has a market capitalization of $853.03 million, a P/E ratio of -9.56, a price-to-earnings-growth ratio of 11.25 and a beta of 1.25. The company has a 50-day simple moving average of $47.32 and a 200 day simple moving average of $41.35. The company has a quick ratio of 1.01, a current ratio of 2.33 and a debt-to-equity ratio of 2.31.

Koppers (NYSE:KOP) last issued its quarterly earnings data on Thursday, August 6th. The specialty chemicals company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.25. The firm had revenue of $520.10 million for the quarter, compared to analysts’ expectations 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 period in the prior year, the firm earned $1.48 earnings per share. Koppers has set its FY 2026 guidance at 3.800-4.200 EPS. Research analysts expect that Koppers Holdings Inc. will post 4.08 earnings per share for the current fiscal year.

Koppers Announces Dividend

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

Insider Transactions at Koppers

In other Koppers news, CAO Bradley A. Pearce sold 2,000 shares of Koppers stock in a transaction on Monday, August 10th. The shares were sold at an average price of $51.01, for a total transaction of $102,020.00. Following the completion of the sale, the chief accounting officer owned 41,037 shares of the company’s stock, valued at approximately $2,093,297.37. The trade was a 4.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO M Leroy Ball sold 3,412 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $43.90, for a total transaction of $149,786.80. Following the sale, the chief executive officer owned 436,243 shares of the company’s stock, valued at $19,151,067.70. The trade was a 0.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 97,220 shares of company stock valued at $4,823,398 over the last 90 days. 7.28% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

KOP has been the topic of several research reports. Weiss Ratings lowered Koppers from a “hold (c+)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Singular Research upgraded Koppers to a “strong-buy” rating in a research report on Friday, May 15th. Wall Street Zen lowered Koppers from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 15th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $55.00 target price on shares of Koppers in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $55.00.

Koppers Company 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.