JB Capital Partners LP Purchases Shares of 78,101 Koppers Holdings Inc. $KOP

JB Capital Partners LP acquired a new position in shares of Koppers Holdings Inc. (NYSE:KOP - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 78,101 shares of the specialty chemicals company's stock, valued at approximately $3,506,735. Koppers makes up approximately 0.0% of JB Capital Partners LP's portfolio, making the stock its 27th largest holding. JB Capital Partners LP owned about 0.41% of Koppers as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd grew its stake in shares of Koppers by 1.1% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 29,423 shares of the specialty chemicals company's stock worth $797,000 after acquiring an additional 308 shares during the period. Engineers Gate Manager LP increased its position in Koppers by 0.7% during the 4th quarter. Engineers Gate Manager LP now owns 48,228 shares of the specialty chemicals company's stock valued at $1,306,000 after buying an additional 332 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Koppers by 3.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,602 shares of the specialty chemicals company's stock valued at $325,000 after acquiring an additional 361 shares during the last quarter. First Trust Advisors LP lifted its stake in Koppers by 0.9% in the fourth quarter. First Trust Advisors LP now owns 62,361 shares of the specialty chemicals company's stock valued at $1,689,000 after acquiring an additional 567 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Koppers by 23.5% in the second 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. 92.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Transactions at Koppers

In other news, SVP Stephen G. Lucas sold 1,308 shares of the business's stock in a transaction on 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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider James A. Sullivan sold 7,500 shares of the business's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $50.00, for a total transaction 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 disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 97,220 shares of company stock valued at $4,823,398. Insiders own 7.28% of the company's stock.

Koppers Stock Down 0.2%

Shares of KOP stock traded down $0.09 during trading on Friday, reaching $46.23. The company's stock had a trading volume of 47,818 shares, compared to its average volume of 188,690. The business has a fifty day moving average price of $47.49 and a 200-day moving average price of $41.85. Koppers Holdings Inc. has a one year low of $25.00 and a one year 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 company has a market cap of $874.21 million, a price-to-earnings ratio of -9.79, a price-to-earnings-growth ratio of 11.36 and a beta of 1.25.

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

Koppers Dividend Announcement

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

Koppers Profile

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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