Koppers Holdings Inc. $KOP Shares Sold by Engineers Gate Manager LP

Key Points

• Engineers Gate Manager LP cut its Koppers stake by 68.9% in the second quarter, selling 26,503 shares and retaining 11,940 shares worth approximately $536,000. Institutional investors collectively own 92.75% of the company.
• Analyst opinions are mixed, with ratings ranging from Strong Buy to Sell; Koppers has an overall “Moderate Buy” rating and an average price target of $55.00.
• Koppers reported quarterly earnings of $1.37 per share, exceeding estimates of $1.12, while revenue rose 3% year over year to $520.1 million. The company also declared a quarterly dividend of $0.09 per share.

Engineers Gate Manager LP lowered its holdings in shares of Koppers Holdings Inc. (NYSE:KOP - Free Report) by 68.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,940 shares of the specialty chemicals company's stock after selling 26,503 shares during the quarter. Engineers Gate Manager LP owned approximately 0.06% of Koppers worth $536,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Assetmark Inc. purchased a new position in Koppers in the 2nd quarter worth approximately $30,000. Nykredit A S acquired a new stake in shares of Koppers during the second quarter valued at about $31,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Koppers in the 2nd quarter valued at $50,000. SG Americas Securities LLC purchased a new stake in Koppers during the 1st quarter worth approximately $164,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Koppers in the 1st quarter valued at about $200,000. Institutional investors and hedge funds own 92.75% of the company's stock.

Analysts Set New Price Targets

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

Insider Buying and Selling at Koppers

In other news, SVP Stephen Lucas sold 1,308 shares of the stock in a transaction on Wednesday, August 12th. The shares were 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 owned 34,345 shares of the company's stock, valued at $1,530,069.75. This represents a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Leroy Ball sold 4,000 shares of the company's stock in a transaction on Monday, August 31st. The stock was sold at an average price of $45.96, for a total transaction of $183,840.00. Following the sale, the chief executive officer directly owned 429,555 shares of the company's stock, valued at approximately $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 three months, insiders sold 97,808 shares of company stock valued at $4,857,451. 7.28% of the stock is currently owned by corporate insiders.

Koppers Stock Up 1.1%

Shares of NYSE KOP opened at $46.09 on Wednesday. The firm's 50-day moving average is $47.71 and its two-hundred day moving average is $43.28. The company has a market capitalization of $871.66 million, a PE ratio of -9.77, a price-to-earnings-growth ratio of 11.19 and a beta of 1.23. 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 12-month low of $25.00 and a 12-month high of $53.00.

Koppers (NYSE:KOP - Get Free Report) last released its earnings results on Thursday, August 6th. The specialty chemicals company reported $1.37 earnings per share 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 period in the prior year, the business posted $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 analysts anticipate that Koppers Holdings Inc. will post 4.08 EPS for the current fiscal year.

Koppers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Friday, August 28th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, August 28th. Koppers's dividend payout ratio (DPR) is -7.63%.

Koppers Profile

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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