Globeflex Capital L P Acquires New Shares in Koppers Holdings Inc. $KOP

Globeflex Capital L P purchased a new position in Koppers Holdings Inc. (NYSE:KOP) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 27,190 shares of the specialty chemicals company’s stock, valued at approximately $1,221,000. Globeflex Capital L P owned about 0.14% of Koppers at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Assetmark Inc. acquired a new stake in shares of Koppers in the second quarter worth $30,000. Tower Research Capital LLC TRC raised its holdings 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 worth $62,000 after acquiring an additional 1,391 shares during the period. Quantbot Technologies LP raised its holdings in Koppers by 95.6% in the 2nd quarter. Quantbot Technologies LP now owns 2,130 shares of the specialty chemicals company’s stock worth $68,000 after acquiring an additional 1,041 shares during the period. BNP Paribas Financial Markets lifted its position 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 acquiring an additional 615 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Koppers during the 4th quarter worth $114,000. Institutional investors own 92.75% of the company’s stock.

Insider Activity at Koppers

In related news, SVP Stephen G. Lucas sold 1,308 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $44.55, for a total value of $58,271.40. Following the completion of the sale, the senior vice president directly owned 34,345 shares in the company, valued at $1,530,069.75. The trade was a 3.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO M Leroy Ball sold 3,412 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $43.90, for a total transaction of $149,786.80. Following the completion of the sale, the chief executive officer directly owned 436,243 shares of the company’s stock, valued at approximately $19,151,067.70. The trade was a 0.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 97,220 shares of company stock valued at $4,823,398 in the last 90 days. Insiders own 7.28% of the company’s stock.

Analysts Set New Price Targets

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

Koppers Stock Performance

KOP stock opened at $45.82 on Tuesday. The company has a debt-to-equity ratio of 2.31, a current ratio of 2.33 and a quick ratio of 1.01. The company has a 50 day moving average price of $47.36 and a 200 day moving average price of $41.54. Koppers Holdings Inc. has a fifty-two week low of $25.00 and a fifty-two week high of $53.00. 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 announced its quarterly earnings results on Thursday, August 6th. The specialty chemicals company reported $1.37 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 company had revenue of $520.10 million during the quarter, compared to analysts’ expectations of $506.10 million. During the same period in the prior year, the business posted $1.48 EPS. Koppers’s revenue was up 3.0% on a year-over-year basis. Koppers has set its FY 2026 guidance at 3.800-4.200 EPS. Analysts forecast that Koppers Holdings Inc. will post 4.08 EPS for the current year.

Koppers Announces Dividend

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

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.