21,968 Shares of Koppers Holdings Inc. $KOP Acquired by SummerHaven Investment Management LLC

SummerHaven Investment Management LLC acquired a new position in Koppers Holdings Inc. (NYSE:KOP) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 21,968 shares of the specialty chemicals company’s stock, valued at approximately $1,002,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of Koppers in the second quarter worth approximately $136,837,000. Pzena Investment Management LLC increased its holdings in Koppers by 0.4% during the first 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 last quarter. Dimensional Fund Advisors LP increased its holdings in Koppers by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,191,358 shares of the specialty chemicals company’s stock valued at $46,082,000 after buying an additional 17,833 shares during the last quarter. State Street Corp increased its holdings in Koppers by 7.0% during the second quarter. State Street Corp now owns 804,553 shares of the specialty chemicals company’s stock valued at $36,124,000 after buying an additional 52,289 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Koppers in the second quarter worth approximately $9,993,000. Hedge funds and other institutional investors own 92.75% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on KOP shares. Wall Street Zen cut shares of Koppers from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 15th. Weiss Ratings downgraded shares of Koppers from a “hold (c+)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $55.00.

Insider Activity

In other Koppers news, insider James Sullivan sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were 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. This trade represents a 8.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Bradley Pearce sold 2,000 shares of the firm’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 transaction of $102,020.00. Following the sale, the chief accounting officer owned 41,037 shares in the company, valued at approximately $2,093,297.37. The trade was a 4.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 97,808 shares of company stock valued at $4,857,451. 7.28% of the stock is owned by insiders.

Koppers Stock Performance

NYSE:KOP opened at $43.31 on Friday. The stock has a 50-day simple moving average of $45.86 and a two-hundred day simple moving average of $44.18. Koppers Holdings Inc. has a 52-week low of $25.00 and a 52-week high of $53.00. 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 capitalization of $819.09 million, a PE ratio of -9.18 and a beta of 1.23.

Koppers (NYSE:KOP) last posted its quarterly earnings data on Thursday, August 6th. The specialty chemicals company reported $1.37 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $506.10 million. During the same quarter last year, the company earned $1.48 earnings per share. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. Koppers has set its FY 2026 guidance at 3.800-4.200 EPS. Analysts forecast that Koppers Holdings Inc. will post 4.08 EPS for the current year.

Koppers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Friday, August 28th were 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 was Friday, August 28th. Koppers’s dividend payout ratio is currently -7.63%.

About Koppers

Koppers Holdings Inc is a global provider of treated wood products, carbon compounds and specialty chemicals used in infrastructure, transportation and industrial applications. The company’s products include railroad and utility poles, treated lumber, wood preservatives, carbon pitch and other chemicals used in aluminum production, construction, steelmaking and related industries.

Koppers serves railroads, utilities, aluminum producers, infrastructure contractors and industrial manufacturers.