Bank of America Corp DE Acquires New Position in Koppers Holdings Inc. $KOP

Key Points

• Bank of America acquired 117,916 Koppers shares in the second quarter, valued at approximately $5.3 million and representing about 0.62% of the company. Institutional investors collectively own 92.75% of Koppers.
• Koppers exceeded quarterly earnings expectations, reporting $1.37 EPS versus the $1.12 consensus and revenue of $520.1 million, up 3% year over year. The company issued fiscal 2026 EPS guidance of $3.80–$4.20.
• The stock traded near $46.27, while analysts maintained a “Moderate Buy” consensus with a $55 average price target. Koppers also pays a quarterly dividend of $0.09 per share, although insiders sold roughly $4.9 million of stock over the past 90 days.

Bank of America Corp DE purchased a new stake in Koppers Holdings Inc. (NYSE:KOP - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 117,916 shares of the specialty chemicals company's stock, valued at approximately $5,294,000. Bank of America Corp DE owned about 0.62% of Koppers as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Jupiter Topco LLC acquired a new position in Koppers in the 2nd quarter valued at $413,000. Hsbc Holdings PLC purchased a new position in shares of Koppers during the 2nd quarter worth $504,000. PDT Partners LLC acquired a new stake in shares of Koppers during the 2nd quarter worth about $430,000. Legal & General Group Plc acquired a new stake in shares of Koppers during the 2nd quarter worth about $1,784,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Koppers in the 2nd quarter valued at about $216,000. Hedge funds and other institutional investors own 92.75% of the company's stock.

Koppers Price Performance

Shares of KOP opened at $46.27 on Tuesday. 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 1-year low of $25.00 and a 1-year high of $53.00. The stock has a market cap of $875.00 million, a PE ratio of -9.80 and a beta of 1.23. The firm has a fifty day moving average price of $47.48 and a 200 day moving average price of $43.52.

Koppers (NYSE:KOP - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The specialty chemicals company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.25. The company had revenue of $520.10 million for the quarter, compared to analyst estimates of $506.10 million. Koppers had a positive return on equity of 14.98% and a negative net margin of 4.59%.The business's quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.48 earnings per share. Koppers has set its FY 2026 guidance at 3.800-4.200 EPS. As a group, sell-side analysts anticipate that Koppers Holdings Inc. will post 4.08 EPS for the current year.

Koppers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Friday, August 28th were given a dividend of $0.09 per share. 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 (DPR) is presently -7.63%.

Insider Buying and Selling

In related news, SVP Stephen Lucas sold 1,308 shares of the business's stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $44.55, for a total value of $58,271.40. Following the transaction, the senior vice president owned 34,345 shares in the company, valued at $1,530,069.75. The trade was a 3.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Leroy Ball sold 4,000 shares of Koppers stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $45.96, for a total value of $183,840.00. Following the completion of the transaction, the chief executive officer owned 429,555 shares in the company, valued at $19,742,347.80. This trade represents a 0.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 97,808 shares of company stock worth $4,857,451. Corporate insiders own 7.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on KOP shares. Weiss Ratings cut Koppers from a "hold (c+)" rating to a "sell (d+)" rating in a research note on Tuesday, August 11th. Wall Street Zen downgraded shares of Koppers from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 15th. One equities research 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 given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $55.00.

About Koppers

Koppers Holdings Inc NYSE: KOP is a global provider of treated wood products, carbon compounds and related specialty chemicals. The company supplies materials and products used in railroad infrastructure, utility transmission and distribution, construction, and industrial applications.

Koppers' product portfolio includes railroad crossties, utility poles, pilings, treated lumber and wood preservatives. Its carbon materials and chemicals operations produce products such as carbon pitch, creosote, naphthalene and phthalic anhydride, which are used in aluminum production, infrastructure preservation, resins, coatings and other industrial processes.

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