Pzena Investment Management LLC Sells 45,020 Shares of Koppers Holdings Inc. $KOP

Pzena Investment Management LLC decreased its holdings in shares of Koppers Holdings Inc. (NYSE:KOP) by 3.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,204,252 shares of the specialty chemicals company’s stock after selling 45,020 shares during the quarter. Pzena Investment Management LLC owned about 0.06% of Koppers worth $32,611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its position in shares of Koppers by 258.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,930 shares of the specialty chemicals company’s stock valued at $62,000 after purchasing an additional 1,391 shares in the last quarter. Quantbot Technologies LP grew its position in shares of Koppers by 95.6% during the 2nd quarter. Quantbot Technologies LP now owns 2,130 shares of the specialty chemicals company’s stock valued at $68,000 after purchasing an additional 1,041 shares in the last quarter. BNP Paribas Financial Markets grew its position 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 valued at $104,000 after purchasing an additional 615 shares in the last quarter. Quadrant Capital Group LLC purchased a new position in shares of Koppers during the 3rd quarter valued at $160,000. Finally, SG Americas Securities LLC purchased a new position in shares of Koppers during the 3rd quarter valued at $170,000. 92.75% of the stock is currently owned by hedge funds and other institutional investors.

Koppers Stock Performance

NYSE KOP opened at $39.60 on Friday. The company has a 50-day simple moving average of $38.85 and a two-hundred day simple moving average of $33.27. The company has a quick ratio of 1.11, a current ratio of 2.71 and a debt-to-equity ratio of 1.67. Koppers Holdings Inc. has a 12-month low of $25.00 and a 12-month high of $46.40. The firm has a market cap of $761.55 million, a price-to-earnings ratio of 10.42, a PEG ratio of 9.64 and a beta of 1.28.

Koppers (NYSE:KOP) last posted its quarterly earnings results on Friday, May 8th. The specialty chemicals company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.13. Koppers had a net margin of 4.10% and a return on equity of 14.53%. The business had revenue of $455.30 million during the quarter, compared to analyst estimates of $390.10 million. During the same period in the prior year, the business posted $0.71 earnings per share. The company’s 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, equities analysts forecast that Koppers Holdings Inc. will post 4.07 EPS for the current year.

Koppers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, May 29th. Koppers’s dividend payout ratio is presently 9.47%.

Insider Transactions at Koppers

In other Koppers news, CEO M Leroy Ball sold 2,659 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $42.55, for a total transaction of $113,140.45. Following the completion of the sale, the chief executive officer directly owned 444,096 shares in the company, valued at $18,896,284.80. This represents a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 7.28% of the stock is currently owned by insiders.

Analysts Set New Price Targets

KOP has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of Koppers from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Singular Research upgraded shares of Koppers to a “strong-buy” rating in a research report on Friday, May 15th. Barrington Research restated an “outperform” rating and set a $55.00 price target on shares of Koppers in a research report on Monday, May 4th. Weiss Ratings upgraded shares of Koppers from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Finally, Wall Street Zen upgraded shares of Koppers from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $52.50.

About Koppers

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.