Stephen Lucas Sells 1,308 Shares of Koppers (NYSE:KOP) Stock

Koppers Holdings Inc. (NYSE:KOP) SVP Stephen Lucas sold 1,308 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $44.55, for a total transaction of $58,271.40. Following the completion of the sale, the senior vice president owned 34,345 shares of the company’s stock, valued at approximately $1,530,069.75. This represents a 3.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Koppers Trading Up 1.5%

NYSE:KOP opened at $46.92 on Friday. Koppers Holdings Inc. has a 52 week low of $25.00 and a 52 week high of $53.00. The firm has a 50-day moving average price of $46.95 and a two-hundred day moving average price of $40.78. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.01 and a current ratio of 2.33. The firm has a market cap of $887.18 million, a price-to-earnings ratio of -9.94, a price-to-earnings-growth ratio of 11.34 and a beta of 1.25.

Koppers (NYSE:KOP) last issued its quarterly earnings results 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 negative net margin of 4.59% and a positive return on equity of 14.98%. The company had revenue of $520.10 million for the quarter, compared to the consensus estimate of $506.10 million. During the same period in the previous year, the firm earned $1.48 EPS. The firm’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. On average, equities analysts expect that Koppers Holdings Inc. will post 4.08 earnings per share for the current fiscal 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 given 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 of this dividend is Friday, August 28th. Koppers’s dividend payout ratio is currently -7.63%.

Hedge Funds Weigh In On Koppers

Several institutional investors have recently modified their holdings of KOP. BlackRock Inc. bought a new stake in shares of Koppers in the 2nd quarter worth approximately $136,837,000. Pzena Investment Management LLC purchased a new position in Koppers in the 2nd quarter worth approximately $47,652,000. Simcoe Capital Management LLC purchased a new stake in shares of Koppers during the fourth quarter valued at approximately $22,032,000. Bank of New York Mellon Corp purchased a new position in shares of Koppers in the second quarter worth $9,993,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Koppers during the 1st quarter valued at $6,269,000. 92.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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