Denali Advisors LLC Has $4.32 Million Stake in Koppers Holdings Inc. $KOP

Denali Advisors LLC lifted its stake in Koppers Holdings Inc. (NYSE:KOP) by 74.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 96,092 shares of the specialty chemicals company’s stock after purchasing an additional 41,127 shares during the quarter. Denali Advisors LLC’s holdings in Koppers were worth $4,315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in KOP. BlackRock Inc. purchased a new position in Koppers during the second quarter valued at approximately $136,837,000. Pzena Investment Management LLC increased its stake in Koppers by 0.4% in the 1st quarter. Pzena Investment Management LLC now owns 1,209,376 shares of the specialty chemicals company’s stock valued at $46,779,000 after buying an additional 5,124 shares during the period. Dimensional Fund Advisors LP lifted its position in Koppers by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,191,358 shares of the specialty chemicals company’s stock worth $46,082,000 after buying an additional 17,833 shares in the last quarter. Simcoe Capital Management LLC purchased a new stake in Koppers in the 4th quarter worth approximately $22,032,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Koppers by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 568,413 shares of the specialty chemicals company’s stock valued at $15,393,000 after buying an additional 22,114 shares during the period. 92.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, SVP Stephen G. Lucas sold 1,308 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $44.55, for a total transaction of $58,271.40. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Bradley A. Pearce sold 2,000 shares of the company’s 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 of the company’s stock, valued at approximately $2,093,297.37. This trade represents a 4.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 94,220 shares of company stock worth $4,685,878 in the last 90 days. 7.28% of the stock is owned by company insiders.

Koppers Stock Down 1.1%

Koppers stock opened at $44.93 on Thursday. The firm has a market cap of $849.63 million, a price-to-earnings ratio of -9.52, a P/E/G ratio of 11.14 and a beta of 1.25. The company has a debt-to-equity ratio of 2.31, a current ratio of 2.33 and a quick ratio of 1.01. Koppers Holdings Inc. has a fifty-two week low of $25.00 and a fifty-two week high of $53.00. The firm has a fifty day moving average price of $47.20 and a two-hundred day moving average price of $41.21.

Koppers (NYSE:KOP) last released its quarterly earnings results on Thursday, August 6th. The specialty chemicals company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.25. The company had revenue of $520.10 million during 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 business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.48 earnings per share. Koppers has set its FY 2026 guidance at 3.800-4.200 EPS. As a group, analysts forecast that Koppers Holdings Inc. will post 4.08 earnings per share for the current year.

Koppers Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Friday, August 28th. This represents a $0.36 annualized dividend and a yield of 0.8%. Koppers’s dividend payout ratio is presently -7.63%.

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.