Charles Schwab Investment Management Inc. Purchases 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. grew its position in Koppers Holdings Inc. (NYSE:KOP - Free Report) by 9.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 450,439 shares of the specialty chemicals company's stock after purchasing an additional 37,152 shares during the period. Charles Schwab Investment Management Inc. owned about 2.20% of Koppers worth $12,612,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. SummerHaven Investment Management LLC lifted its position in Koppers by 2.2% during the 1st quarter. SummerHaven Investment Management LLC now owns 22,451 shares of the specialty chemicals company's stock worth $629,000 after buying an additional 483 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Koppers by 2.3% during the 1st quarter. Victory Capital Management Inc. now owns 31,300 shares of the specialty chemicals company's stock worth $876,000 after purchasing an additional 700 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Koppers by 17.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,069 shares of the specialty chemicals company's stock worth $170,000 after purchasing an additional 902 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Koppers by 112.9% in the 1st 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. Finally, Quarry LP bought a new stake in shares of Koppers in the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 92.75% of the company's stock.

Koppers Stock Down 0.3%

Shares of NYSE KOP traded down $0.10 during trading hours on Friday, hitting $28.91. The company had a trading volume of 135,654 shares, compared to its average volume of 172,460. The stock has a market capitalization of $570.18 million, a P/E ratio of 40.16 and a beta of 1.40. The company has a quick ratio of 1.11, a current ratio of 2.60 and a debt-to-equity ratio of 1.83. Koppers Holdings Inc. has a 1-year low of $22.99 and a 1-year high of $39.83. The firm's 50 day moving average is $31.92 and its 200-day moving average is $29.84.

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

Koppers Announces Dividend

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

Analyst Ratings Changes

KOP has been the subject of a number of research reports. B. Riley reissued a "buy" rating and set a $50.00 target price (down from $55.00) on shares of Koppers in a research note on Monday, August 11th. Barrington Research lowered their target price on Koppers from $64.00 to $55.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $52.50.

Koppers Profile

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.