21,968 Shares in Koppers Holdings Inc. $KOP Bought by SummerHaven Investment Management LLC

SummerHaven Investment Management LLC acquired a new stake in Koppers Holdings Inc. (NYSE:KOP) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 21,968 shares of the specialty chemicals company’s stock, valued at approximately $1,002,000. SummerHaven Investment Management LLC owned approximately 0.12% of Koppers at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Assetmark Inc. purchased a new stake in Koppers during the 2nd quarter valued at $30,000. Nykredit A S purchased a new position in shares of Koppers in the second quarter worth $31,000. Kestra Advisory Services LLC raised its stake in shares of Koppers by 25.3% in the first quarter. Kestra Advisory Services LLC now owns 5,297 shares of the specialty chemicals company’s stock worth $205,000 after purchasing an additional 1,070 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Koppers in the second quarter worth $50,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Koppers by 11.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 13,694 shares of the specialty chemicals company’s stock worth $530,000 after purchasing an additional 1,414 shares during the last quarter. 92.75% of the stock is owned by institutional investors.

Insider Activity at Koppers

In other news, insider James A. Sullivan sold 7,500 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $50.00, for a total value of $375,000.00. Following the transaction, the insider directly owned 82,898 shares in the company, valued at $4,144,900. This trade represents a 8.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Stephen G. Lucas sold 1,308 shares of Koppers stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $44.55, for a total value of $58,271.40. Following the completion of the sale, the senior vice president directly owned 34,345 shares of the company’s stock, valued at $1,530,069.75. The trade was a 3.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 97,808 shares of company stock valued at $4,857,451 in the last quarter. 7.28% of the stock is currently owned by corporate insiders.

Koppers Stock Down 0.3%

KOP opened at $43.31 on Friday. The company has a quick ratio of 1.01, a current ratio of 2.33 and a debt-to-equity ratio of 2.31. The firm has a 50 day moving average price of $45.86 and a 200-day moving average price of $44.18. Koppers Holdings Inc. has a twelve month low of $25.00 and a twelve month high of $53.00. The stock has a market capitalization of $819.09 million, a price-to-earnings ratio of -9.18 and a beta of 1.23.

Koppers (NYSE:KOP) last issued its quarterly earnings data on Thursday, August 6th. The specialty chemicals company reported $1.37 earnings per share for the quarter, beating 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 quarter in the prior year, the firm earned $1.48 earnings per share. The firm’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. Equities research analysts forecast that Koppers Holdings Inc. will post 4.08 earnings per share for the current year.

Koppers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Friday, August 28th were paid a dividend of $0.09 per share. The ex-dividend date was Friday, August 28th. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%. Koppers’s payout ratio is currently -7.63%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on KOP shares. Wall Street Zen downgraded Koppers from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. Weiss Ratings downgraded Koppers from a “hold (c+)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. One investment 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $55.00.

Koppers Profile

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.