New York State Teachers Retirement System Lowers Stock Position in Koppers Holdings Inc. $KOP

New York State Teachers Retirement System lessened its position in shares of Koppers Holdings Inc. (NYSE:KOP) by 90.0% during the 1st quarter, Holdings Channel reports. The institutional investor owned 3,017 shares of the specialty chemicals company’s stock after selling 27,082 shares during the period. New York State Teachers Retirement System’s holdings in Koppers were worth $117,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KOP. Intech Investment Management LLC boosted its stake in shares of Koppers by 521.2% during the 4th quarter. Intech Investment Management LLC now owns 73,572 shares of the specialty chemicals company’s stock worth $1,992,000 after acquiring an additional 61,728 shares in the last quarter. Seizert Capital Partners LLC increased its stake in shares of Koppers by 209.4% in the 4th quarter. Seizert Capital Partners LLC now owns 112,401 shares of the specialty chemicals company’s stock valued at $3,044,000 after purchasing an additional 76,068 shares in the last quarter. JB Capital Partners LP acquired a new position in Koppers in the 4th quarter worth about $1,896,000. Mangrove Partners IM LLC acquired a new position in Koppers in the 4th quarter worth about $616,000. Finally, Waterfront Wealth Inc. boosted its position in Koppers by 41.1% during the fourth quarter. Waterfront Wealth Inc. now owns 53,168 shares of the specialty chemicals company’s stock worth $1,543,000 after purchasing an additional 15,481 shares in the last quarter. Hedge funds and other institutional investors own 92.75% of the company’s stock.

Insider Activity at Koppers

In related news, CEO M Leroy Ball sold 3,412 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $43.90, for a total value of $149,786.80. Following the completion of the transaction, the chief executive officer directly owned 436,243 shares of the company’s stock, valued at approximately $19,151,067.70. This represents a 0.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 7.28% of the company’s stock.

Koppers Trading Up 1.6%

Shares of Koppers stock opened at $48.53 on Wednesday. The company has a current ratio of 2.71, a quick ratio of 1.11 and a debt-to-equity ratio of 1.67. Koppers Holdings Inc. has a twelve month low of $25.00 and a twelve month high of $49.00. The firm has a market capitalization of $933.31 million, a PE ratio of 12.77, a P/E/G ratio of 11.56 and a beta of 1.25. The firm’s 50-day moving average price is $43.28 and its 200 day moving average price is $37.41.

Koppers (NYSE:KOP) last posted its quarterly earnings data on Friday, May 8th. The specialty chemicals company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.44 by $0.13. Koppers had a return on equity of 14.53% and a net margin of 4.10%.The company had revenue of $455.30 million during the quarter, compared to analyst estimates of $390.10 million. During the same period in the previous year, the business earned $0.71 EPS. Koppers’s quarterly revenue was down .3% on a year-over-year basis. Koppers has set its FY 2026 guidance at 3.800-4.600 EPS. On average, sell-side analysts predict that Koppers Holdings Inc. will post 4.13 EPS for the current fiscal year.

Koppers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, May 29th. Koppers’s payout ratio is presently 9.47%.

Wall Street Analyst Weigh In

Several brokerages have commented on KOP. Wall Street Zen raised Koppers from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 16th. Weiss Ratings raised Koppers from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Barrington Research reiterated an “outperform” rating and set a $55.00 target price on shares of Koppers in a research report on Monday, May 4th. Finally, Singular Research raised shares of Koppers to a “strong-buy” rating in a report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $52.50.

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.