Royal Bank of Canada Sells 25,824 Shares of Koppers Holdings Inc. $KOP

Royal Bank of Canada reduced its stake in shares of Koppers Holdings Inc. (NYSE:KOP - Free Report) by 91.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,485 shares of the specialty chemicals company's stock after selling 25,824 shares during the period. Royal Bank of Canada's holdings in Koppers were worth $96,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of KOP. Tower Research Capital LLC TRC increased its position in shares of Koppers by 258.1% during the second quarter. Tower Research Capital LLC TRC now owns 1,930 shares of the specialty chemicals company's stock worth $62,000 after acquiring an additional 1,391 shares in the last quarter. Quantbot Technologies LP lifted its position in Koppers by 95.6% in the 2nd quarter. Quantbot Technologies LP now owns 2,130 shares of the specialty chemicals company's stock valued at $68,000 after acquiring an additional 1,041 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Koppers by 23.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,235 shares of the specialty chemicals company's stock valued at $104,000 after acquiring an additional 615 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in Koppers in the 4th quarter worth $114,000. Finally, Quadrant Capital Group LLC bought a new position in Koppers during the 3rd quarter worth about $160,000. Institutional investors own 92.75% of the company's stock.

Koppers Price Performance

Shares of NYSE KOP opened at $45.76 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. The business has a 50-day moving average of $47.57 and a 200-day moving average of $42.04. The stock has a market capitalization of $865.32 million, a price-to-earnings ratio of -9.69, a PEG ratio of 11.42 and a beta of 1.25. Koppers Holdings Inc. has a fifty-two week low of $25.00 and a fifty-two week 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 (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.25. The business 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%.Koppers's revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior 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 predict that Koppers Holdings Inc. will post 4.08 earnings per share for the current fiscal year.

Koppers Announces Dividend

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

Insider Buying and Selling

In related news, SVP Stephen G. Lucas sold 1,308 shares of the firm's 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 transaction, the senior vice president directly owned 34,345 shares of the company's stock, valued at approximately $1,530,069.75. This trade represents a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO M Leroy Ball sold 3,000 shares of the company's stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $45.84, for a total transaction of $137,520.00. Following the sale, the chief executive officer directly owned 433,555 shares in the company, valued at $19,874,161.20. This trade represents a 0.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 97,220 shares of company stock worth $4,823,398. 7.28% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KOP. Barrington Research restated an "outperform" rating and issued a $55.00 price target on shares of Koppers in a report on Monday, May 4th. Wall Street Zen lowered Koppers from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 15th. Singular Research raised Koppers to a "strong-buy" rating in a research report on Friday, May 15th. Finally, Weiss Ratings cut 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 assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $55.00.

Koppers Company 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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