JB Capital Partners LP Invests $3.51 Billion in Koppers Holdings Inc. $KOP

JB Capital Partners LP bought a new position in shares of Koppers Holdings Inc. (NYSE:KOP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 78,101 shares of the specialty chemicals company’s stock, valued at approximately $3,506,735,000. Koppers makes up approximately 0.5% of JB Capital Partners LP’s investment portfolio, making the stock its 27th largest holding. JB Capital Partners LP owned about 0.41% of Koppers as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Assetmark Inc. acquired a new stake in shares of Koppers during the 2nd quarter valued at approximately $30,000. Tower Research Capital LLC TRC grew its position in shares of 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 valued at $62,000 after buying an additional 1,391 shares during the last quarter. Quantbot Technologies LP raised its stake in Koppers by 95.6% during the second 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 boosted 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 valued at $104,000 after acquiring an additional 615 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in shares of Koppers during the fourth quarter valued at approximately $114,000. 92.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on KOP shares. 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 shares of Koppers to a “strong-buy” rating in a report on Friday, May 15th. Weiss Ratings downgraded shares of Koppers from a “hold (c+)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Finally, Barrington Research reissued an “outperform” rating and set a $55.00 target price on shares of Koppers in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $55.00.

Koppers Trading Down 1.7%

Shares of KOP opened at $45.11 on Friday. Koppers Holdings Inc. has a 1-year low of $25.00 and a 1-year high of $53.00. The business’s 50-day moving average price is $47.32 and its 200 day moving average price is $41.35. The company has a current ratio of 2.33, a quick ratio of 1.01 and a debt-to-equity ratio of 2.31. The stock has a market capitalization of $853.03 million, a P/E ratio of -9.56, a P/E/G ratio of 11.25 and a beta of 1.25.

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

Koppers Dividend Announcement

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

Insider Activity at Koppers

In other Koppers news, CEO M Leroy Ball sold 3,000 shares of Koppers stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $45.84, for a total transaction of $137,520.00. Following the completion of the sale, the chief executive officer owned 433,555 shares of the company’s stock, valued at $19,874,161.20. This trade represents a 0.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 transaction, the senior vice president owned 34,345 shares in the company, valued at approximately $1,530,069.75. This represents a 3.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 97,220 shares of company stock worth $4,823,398 in the last quarter. 7.28% of the stock is owned by corporate insiders.

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.