39,723 Shares in Koppers Holdings Inc. $KOP Bought by Legal & General Group Plc

Legal & General Group Plc acquired a new stake in Koppers Holdings Inc. (NYSE:KOP) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 39,723 shares of the specialty chemicals company’s stock, valued at approximately $1,784,000.

Several other large investors have also bought and sold shares of KOP. Assetmark Inc. acquired a new position in Koppers during the 2nd quarter worth about $30,000. Tower Research Capital LLC TRC increased its stake in shares of Koppers by 258.1% in the second 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 during the period. Quantbot Technologies LP raised its position in shares of Koppers by 95.6% during the second 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 last quarter. BNP Paribas Financial Markets raised its position in shares of Koppers by 23.5% during the second 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 shares of Koppers in the fourth quarter worth approximately $114,000. 92.75% of the stock is owned by institutional investors.

Koppers Price Performance

Koppers stock opened at $47.69 on Monday. The stock’s 50 day moving average price is $47.79 and its two-hundred day moving average price is $42.39. The stock has a market capitalization of $901.82 million, a price-to-earnings ratio of -10.10, a PEG ratio of 11.72 and a beta of 1.23. 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 52-week low of $25.00 and a 52-week high of $53.00.

Koppers (NYSE:KOP) last issued its earnings results on Thursday, August 6th. The specialty chemicals company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.25. Koppers had a negative net margin of 4.59% and a positive return on equity of 14.98%. The business had revenue of $520.10 million for the quarter, compared to analyst estimates of $506.10 million. During the same period in the prior year, the firm earned $1.48 earnings per share. 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. On average, equities analysts predict that Koppers Holdings Inc. will post 4.08 earnings per share for the current year.

Koppers Dividend Announcement

The company also recently declared 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. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, August 28th. Koppers’s dividend payout ratio is -7.63%.

Insider Transactions at Koppers

In other Koppers news, CAO Bradley Pearce sold 2,000 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $51.01, for a total value of $102,020.00. Following the transaction, the chief accounting officer owned 41,037 shares in the company, valued at approximately $2,093,297.37. This represents a 4.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James Sullivan sold 80,000 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $50.01, for a total value of $4,000,800.00. Following the completion of the sale, the insider directly owned 90,398 shares of the company’s stock, valued at $4,520,803.98. This trade represents a 46.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 101,220 shares of company stock valued at $5,007,238 in the last 90 days. Corporate insiders own 7.28% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on KOP. Weiss Ratings downgraded shares of Koppers from a “hold (c+)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Wall Street Zen lowered shares of Koppers from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 15th. Finally, Singular Research raised shares of Koppers to a “strong-buy” rating in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, 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.