Charles Schwab Investment Management Inc. Acquires 37,152 Shares of Koppers Holdings Inc. $KOP

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Koppers Holdings Inc. by 9.0%, owning 450,439 shares worth $12.6 million after acquiring an additional 37,152 shares in the first quarter.
• Koppers Holdings reported a quarterly earnings miss with $1.48 EPS, slightly below expectations, and generated $504.8 million in revenue, marking a 10.4% decline year-over-year.
• The company announced a quarterly dividend of $0.08 per share, with an ex-dividend date set for August 29th, representing a yield of 1.1% based on an annualized dividend of $0.32.

Charles Schwab Investment Management Inc. boosted its holdings in shares of Koppers Holdings Inc. (NYSE:KOP - Free Report) by 9.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 450,439 shares of the specialty chemicals company's stock after acquiring an additional 37,152 shares during the period. Charles Schwab Investment Management Inc. owned approximately 2.20% of Koppers worth $12,612,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its holdings in Koppers by 54.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 11,966 shares of the specialty chemicals company's stock worth $335,000 after acquiring an additional 4,197 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Koppers by 112.9% in the first quarter. GAMMA Investing LLC now owns 1,835 shares of the specialty chemicals company's stock valued at $51,000 after acquiring an additional 973 shares during the last quarter. BNP Paribas Financial Markets increased its position in Koppers by 21.9% during the fourth quarter. BNP Paribas Financial Markets now owns 12,678 shares of the specialty chemicals company's stock worth $411,000 after buying an additional 2,281 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Koppers by 51.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,462 shares of the specialty chemicals company's stock worth $2,056,000 after buying an additional 21,565 shares during the last quarter. Finally, LSV Asset Management increased its position in Koppers by 19.9% during the first quarter. LSV Asset Management now owns 758,661 shares of the specialty chemicals company's stock worth $21,243,000 after buying an additional 125,799 shares during the last quarter. 92.75% of the stock is currently owned by institutional investors.

Koppers Price Performance

NYSE:KOP traded down $0.18 during trading hours on Thursday, reaching $29.05. 69,464 shares of the company were exchanged, compared to its average volume of 153,366. The company has a market capitalization of $572.75 million, a P/E ratio of 40.35 and a beta of 1.40. Koppers Holdings Inc. has a 1-year low of $22.99 and a 1-year high of $39.83. The company has a debt-to-equity ratio of 1.83, a current ratio of 2.60 and a quick ratio of 1.11. The business has a 50 day moving average of $32.01 and a 200 day moving average of $29.86.

Koppers (NYSE:KOP - Get Free Report) last released its earnings results on Friday, August 8th. The specialty chemicals company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). Koppers had a return on equity of 17.43% and a net margin of 0.76%.The business had revenue of $504.80 million for the quarter, compared to the consensus estimate of $540.30 million. During the same quarter in the previous year, the company earned $1.36 earnings per share. The firm's revenue for the quarter was down 10.4% on a year-over-year basis. Koppers has set its FY 2025 guidance at 4.000-4.600 EPS. Research analysts forecast that Koppers Holdings Inc. will post 4.24 EPS for the current year.

Koppers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, August 29th. This represents a $0.32 annualized dividend and a yield of 1.1%. Koppers's dividend payout ratio is presently 44.44%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on KOP shares. Barrington Research decreased their target price on Koppers from $64.00 to $55.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. B. Riley reaffirmed a "buy" rating and issued a $50.00 target price (down previously from $55.00) on shares of Koppers in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $52.50.

About Koppers

Koppers Holdings Inc provides treated wood products, wood preservation chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally. The company operates through Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC) segments.