Empowered Funds LLC Acquires New Holdings in Koppers Holdings Inc. $KOP

Key Points

• Empowered Funds LLC acquired 102,787 Koppers shares worth approximately $4.6 million, while other institutions also initiated positions; institutional investors now own 92.75% of the company.
• Koppers exceeded quarterly expectations with adjusted EPS of $1.37 versus $1.12 expected and revenue of $520.1 million, up 3% year over year. The company reaffirmed fiscal 2026 EPS guidance of $3.80–$4.20.
• Shares opened at $45.76 after declining 1.7%, while analysts maintained a “Moderate Buy” consensus and a $55 price target. Koppers also declared a quarterly dividend of $0.09 per share, implying a 0.8% annual yield.

Empowered Funds LLC bought a new position in shares of Koppers Holdings Inc. (NYSE:KOP - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 102,787 shares of the specialty chemicals company's stock, valued at approximately $4,615,000. Empowered Funds LLC owned 0.54% of Koppers as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in KOP. Public Employees Retirement System of Ohio acquired a new position in Koppers during the second quarter valued at approximately $50,000. Bank of America Corp DE acquired a new stake in shares of Koppers in the second quarter worth $5,294,000. Jupiter Topco LLC bought a new stake in shares of Koppers during the 2nd quarter worth $413,000. Hsbc Holdings PLC bought a new stake in shares of Koppers during the 2nd quarter worth $504,000. Finally, PDT Partners LLC acquired a new position in Koppers in the 2nd quarter valued at $430,000. Institutional investors own 92.75% of the company's stock.

Insider Activity at Koppers

In other news, CAO Bradley A. Pearce sold 2,000 shares of the company's stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $51.01, for a total transaction of $102,020.00. Following the completion of the transaction, the chief accounting officer owned 41,037 shares of the company's stock, valued at approximately $2,093,297.37. This represents a 4.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Stephen G. 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. The trade was a 3.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 97,220 shares of company stock valued at $4,823,398. Company insiders own 7.28% of the company's stock.

Koppers Stock Down 1.7%

Shares of KOP stock opened at $45.76 on Tuesday. Koppers Holdings Inc. has a 12 month low of $25.00 and a 12 month high of $53.00. 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 market cap of $865.32 million, a PE ratio of -9.69, a price-to-earnings-growth ratio of 11.42 and a beta of 1.25. The stock has a 50 day moving average of $47.57 and a 200-day moving average of $42.04.

Koppers (NYSE:KOP - Get Free Report) last announced 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. Koppers had a negative net margin of 4.59% and a positive return on equity of 14.98%. The business 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 posted $1.48 earnings per share. Koppers'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 predict that Koppers Holdings Inc. will post 4.08 EPS for the current year.

Koppers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Friday, August 28th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%. Koppers's dividend payout ratio is -7.63%.

Analysts Set New Price Targets

KOP has been the topic of several recent analyst reports. Weiss Ratings downgraded shares of Koppers from a "hold (c+)" rating to a "sell (d+)" rating in a report on Tuesday, August 11th. Wall Street Zen cut shares of Koppers from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 15th. Singular Research upgraded shares of Koppers to a "strong-buy" rating in a report on Friday, May 15th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $55.00 price target on shares of Koppers in a research report on Monday, May 4th. One investment 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, Koppers presently has an average rating of "Moderate Buy" and a consensus price target of $55.00.

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.

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