Waterfront Wealth Inc. Cuts Position in Koppers Holdings Inc. $KOP

Waterfront Wealth Inc. cut its position in shares of Koppers Holdings Inc. (NYSE:KOP) by 22.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,495 shares of the specialty chemicals company’s stock after selling 11,673 shares during the quarter. Waterfront Wealth Inc. owned approximately 0.21% of Koppers worth $1,605,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its position in Koppers by 258.1% during the 2nd 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 during the last quarter. Quantbot Technologies LP grew its holdings in shares of Koppers by 95.6% during the 2nd quarter. Quantbot Technologies LP now owns 2,130 shares of the specialty chemicals company’s stock worth $68,000 after acquiring an additional 1,041 shares during the period. BNP Paribas Financial Markets grew its stake in Koppers by 23.5% in the second quarter. BNP Paribas Financial Markets now owns 3,235 shares of the specialty chemicals company’s stock worth $104,000 after purchasing an additional 615 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of Koppers in the 4th quarter worth about $114,000. Finally, SG Americas Securities LLC purchased a new stake in Koppers in the first quarter worth about $164,000. Institutional investors own 92.75% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on KOP. Barrington Research reissued an “outperform” rating and issued a $55.00 target price on shares of Koppers in a research note on Monday, May 4th. Weiss Ratings raised shares of Koppers from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Wall Street Zen upgraded Koppers from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 16th. Finally, Singular Research raised shares of Koppers to a “strong-buy” rating in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $52.50.

Insider Buying and Selling at Koppers

In other news, CEO M Leroy Ball sold 3,412 shares of the business’s 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 transaction, the chief executive officer 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 document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 7.28% of the company’s stock.

Koppers Trading Down 1.4%

Shares of Koppers stock opened at $46.72 on Friday. The firm has a market cap of $898.33 million, a price-to-earnings ratio of 12.29, a PEG ratio of 11.47 and a beta of 1.25. The business has a 50-day moving average price of $42.84 and a 200-day moving average price of $36.97. The company has a quick ratio of 1.11, a current ratio of 2.71 and a debt-to-equity ratio of 1.67. Koppers Holdings Inc. has a twelve month low of $25.00 and a twelve month high of $48.63.

Koppers (NYSE:KOP) last issued its quarterly earnings data on Friday, May 8th. The specialty chemicals company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.13. Koppers had a return on equity of 14.53% and a net margin of 4.10%.The business had revenue of $455.30 million for the quarter, compared to analysts’ expectations of $390.10 million. During the same period in the prior year, the firm earned $0.71 EPS. The company’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. Equities research analysts anticipate that Koppers Holdings Inc. will post 4.13 EPS for the current fiscal year.

Koppers Dividend Announcement

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

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.