Legal & General Group Plc Makes New $1.78 Million Investment in Koppers Holdings Inc. $KOP

Legal & General Group Plc acquired a new stake in Koppers Holdings Inc. (NYSE:KOP) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 39,723 shares of the specialty chemicals company’s stock, valued at approximately $1,784,000. Legal & General Group Plc owned approximately 0.21% of Koppers at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Assetmark Inc. bought a new position in shares of Koppers in the second quarter worth $30,000. Tower Research Capital LLC TRC lifted its position in 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 purchasing an additional 1,391 shares during the period. Quantbot Technologies LP grew 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 buying an additional 1,041 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Koppers by 23.5% during the second quarter. BNP Paribas Financial Markets now owns 3,235 shares of the specialty chemicals company’s stock worth $104,000 after buying an additional 615 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Koppers in the 4th quarter valued at about $114,000. 92.75% of the stock is currently owned by institutional investors.

Insider Transactions at Koppers

In other news, CEO Leroy Ball sold 4,000 shares of Koppers stock in a transaction dated 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. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider James A. Sullivan sold 80,000 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $50.01, for a total value of $4,000,800.00. Following the sale, the insider owned 90,398 shares in the company, valued at approximately $4,520,803.98. This trade represents a 46.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 101,220 shares of company stock valued at $5,007,238 over the last quarter. 7.28% of the stock is currently owned by insiders.

Koppers Stock Performance

Koppers stock opened at $47.69 on Monday. The company has a quick ratio of 1.01, a current ratio of 2.33 and a debt-to-equity ratio of 2.31. The stock has a market cap of $901.82 million, a PE ratio of -10.10, a P/E/G ratio of 11.72 and a beta of 1.23. Koppers Holdings Inc. has a 12-month low of $25.00 and a 12-month high of $53.00. The business’s 50-day moving average price is $47.79 and its two-hundred day moving average price is $42.39.

Koppers (NYSE:KOP) last posted its earnings results 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 analysts’ expectations of $506.10 million. Koppers had a negative net margin of 4.59% and a positive return on equity of 14.98%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.48 earnings per share. Koppers has set its FY 2026 guidance at 3.800-4.200 EPS. As a group, analysts expect that Koppers Holdings Inc. will post 4.08 earnings per share for the current fiscal year.

Koppers Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have recently commented on KOP. Weiss Ratings cut shares of Koppers from a “hold (c+)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Wall Street Zen cut shares of Koppers from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 15th. Finally, Singular Research upgraded shares of Koppers to a “strong-buy” rating in a research report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $55.00.

Koppers 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.