Skylands Capital LLC Sells 59,700 Shares of Koppers Holdings Inc. $KOP

Skylands Capital LLC reduced its holdings in shares of Koppers Holdings Inc. (NYSE:KOP) by 73.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,050 shares of the specialty chemicals company’s stock after selling 59,700 shares during the period. Skylands Capital LLC’s holdings in Koppers were worth $814,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in KOP. Simcoe Capital Management LLC purchased a new stake in shares of Koppers in the 4th quarter valued at $22,032,000. Charles Schwab Investment Management Inc. lifted its stake in Koppers by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 568,413 shares of the specialty chemicals company’s stock worth $15,393,000 after purchasing an additional 22,114 shares during the last quarter. Quaker Capital Investments LLC boosted its position in Koppers by 13.5% during the fourth quarter. Quaker Capital Investments LLC now owns 474,865 shares of the specialty chemicals company’s stock valued at $12,859,000 after buying an additional 56,500 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Koppers by 11.9% during the second quarter. Ameriprise Financial Inc. now owns 321,277 shares of the specialty chemicals company’s stock valued at $10,327,000 after buying an additional 34,188 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its holdings in shares of Koppers by 1.0% in the second quarter. Bridgeway Capital Management LLC now owns 224,670 shares of the specialty chemicals company’s stock worth $7,223,000 after buying an additional 2,286 shares during the period. 92.75% of the stock is owned by hedge funds and other institutional investors.

Koppers Trading Up 0.7%

NYSE KOP opened at $45.01 on Friday. The stock has a market cap of $865.47 million, a P/E ratio of 11.84, a price-to-earnings-growth ratio of 10.92 and a beta of 1.26. Koppers Holdings Inc. has a fifty-two week low of $25.00 and a fifty-two week high of $46.40. The stock has a 50 day simple moving average of $41.51 and a two-hundred day simple moving average of $35.79. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.11 and a current ratio of 2.71.

Koppers (NYSE:KOP) last announced its earnings results on Friday, May 8th. The specialty chemicals company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.13. Koppers had a return on equity of 14.53% and a net margin of 4.10%.The company had revenue of $455.30 million during the quarter, compared to the consensus estimate of $390.10 million. During the same quarter in the prior year, the company earned $0.71 earnings per share. The firm’s revenue for the quarter was down .3% on a year-over-year basis. Koppers has set its FY 2026 guidance at 3.800-4.600 EPS. On average, analysts forecast that Koppers Holdings Inc. will post 4.13 earnings per share for the current year.

Koppers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. Koppers’s payout ratio is presently 9.47%.

Insider Activity

In other Koppers news, CEO M Leroy Ball sold 3,412 shares of Koppers stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $43.90, for a total transaction of $149,786.80. Following the sale, the chief executive officer directly owned 436,243 shares of the company’s stock, valued at approximately $19,151,067.70. The trade was a 0.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.28% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on KOP. Barrington Research restated an “outperform” rating and set a $55.00 price target on shares of Koppers in a research report on Monday, May 4th. Weiss Ratings upgraded Koppers from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Wall Street Zen upgraded shares of Koppers from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 16th. 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, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Koppers currently has an average rating of “Moderate Buy” and an average price target of $52.50.

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.