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

Royal Bank of Canada decreased its stake in shares of Koppers Holdings Inc. (NYSE:KOP) by 91.2% in 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.

Other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC increased its stake in shares of Koppers by 3.2% during the first quarter. AQR Capital Management LLC now owns 71,897 shares of the specialty chemicals company’s stock worth $2,013,000 after purchasing an additional 2,212 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Koppers by 3.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,602 shares of the specialty chemicals company’s stock valued at $325,000 after purchasing an additional 361 shares during the period. Goldman Sachs Group Inc. boosted its stake in Koppers by 1.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 107,054 shares of the specialty chemicals company’s stock valued at $2,998,000 after purchasing an additional 1,845 shares during the period. Empowered Funds LLC grew its holdings in Koppers by 3.0% in the 1st quarter. Empowered Funds LLC now owns 111,031 shares of the specialty chemicals company’s stock valued at $3,109,000 after buying an additional 3,212 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in shares of Koppers by 374.3% in the first quarter. Jane Street Group LLC now owns 52,076 shares of the specialty chemicals company’s stock valued at $1,458,000 after acquiring an additional 41,097 shares during the period. 92.75% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider James A. Sullivan sold 80,000 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $50.01, for a total value of $4,000,800.00. Following the sale, the insider directly owned 90,398 shares of the company’s stock, valued at approximately $4,520,803.98. This represents a 46.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO M Leroy Ball sold 3,412 shares of the stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $43.90, for a total value of $149,786.80. Following the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 97,220 shares of company stock valued at $4,823,398 in the last quarter. 7.28% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KOP. Weiss Ratings lowered shares of Koppers from a “hold (c+)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Wall Street Zen downgraded shares of Koppers from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 15th. Barrington Research reiterated an “outperform” rating and issued a $55.00 price target on shares of Koppers in a research note on Monday, May 4th. Finally, Singular Research raised 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, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $55.00.

Koppers Stock Performance

Koppers stock opened at $45.76 on Tuesday. Koppers Holdings Inc. has a 12-month low of $25.00 and a 12-month high of $53.00. 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 $865.32 million, a PE ratio of -9.69, a P/E/G ratio of 11.42 and a beta of 1.25. The business’s 50-day moving average price is $47.57 and its two-hundred day moving average price is $42.04.

Koppers (NYSE:KOP) last announced its quarterly 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 company had revenue of $520.10 million during the quarter, compared to the consensus estimate 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 for the quarter was up 3.0% compared to the same quarter last year. During the same period 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 firm also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Friday, August 28th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, August 28th. Koppers’s dividend payout ratio is -7.63%.

About Koppers

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.