Pzena Investment Management LLC Acquires New Holdings in Koppers Holdings Inc. $KOP

Pzena Investment Management LLC acquired a new position in Koppers Holdings Inc. (NYSE:KOP) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,061,285 shares of the specialty chemicals company’s stock, valued at approximately $47,652,000. Pzena Investment Management LLC owned approximately 0.06% of Koppers as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd boosted its position in Koppers by 1.1% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 29,423 shares of the specialty chemicals company’s stock valued at $797,000 after acquiring an additional 308 shares in the last quarter. Engineers Gate Manager LP raised its position in shares of Koppers by 0.7% in the 4th quarter. Engineers Gate Manager LP now owns 48,228 shares of the specialty chemicals company’s stock worth $1,306,000 after acquiring an additional 332 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Koppers by 3.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,602 shares of the specialty chemicals company’s stock worth $325,000 after purchasing an additional 361 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Koppers by 0.9% during the 4th quarter. First Trust Advisors LP now owns 62,361 shares of the specialty chemicals company’s stock worth $1,689,000 after purchasing an additional 567 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of 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 purchasing an additional 615 shares during the last quarter. Hedge funds and other institutional investors own 92.75% of the company’s stock.

Koppers Stock Performance

Shares of KOP stock opened at $47.20 on Tuesday. Koppers Holdings Inc. has a 12-month low of $25.00 and a 12-month high of $53.00. The business’s fifty day simple moving average is $47.07 and its 200-day simple moving average is $40.99. 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 company has a market cap of $892.55 million, a PE ratio of -10.00, a PEG ratio of 11.56 and a beta of 1.25.

Koppers (NYSE:KOP) last posted its quarterly earnings data on Thursday, August 6th. The specialty chemicals company reported $1.37 earnings per share for the quarter, topping 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 analysts’ expectations of $506.10 million. During the same quarter last year, the firm earned $1.48 EPS. The business’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. Analysts expect that Koppers Holdings Inc. will post 4.08 earnings per share for the current fiscal year.

Koppers Dividend Announcement

The firm also recently declared 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 yield of 0.8%. The ex-dividend date of this dividend is Friday, August 28th. Koppers’s dividend payout ratio (DPR) is currently -7.63%.

Insiders Place Their Bets

In other news, insider James A. Sullivan sold 7,500 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $50.00, for a total transaction of $375,000.00. Following the sale, the insider owned 82,898 shares in the company, valued at approximately $4,144,900. The trade was a 8.30% 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, CAO Bradley A. Pearce sold 2,000 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $51.01, for a total transaction 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 trade represents a 4.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 94,220 shares of company stock worth $4,685,878 in the last three months. Insiders own 7.28% of the company’s stock.

Analyst Upgrades and Downgrades

KOP has been the topic of several analyst reports. Barrington Research reiterated an “outperform” rating and issued a $55.00 target price on shares of Koppers in a research note on Monday, May 4th. Weiss Ratings downgraded shares of Koppers from a “hold (c+)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Singular Research raised shares of Koppers to a “strong-buy” rating in a research report on Friday, May 15th. Finally, Wall Street Zen cut shares of Koppers from a “strong-buy” rating to a “buy” rating in a report on Saturday. One equities research 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 issued a Sell rating to the company. According to MarketBeat, Koppers presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.00.

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.