Fuller & Thaler Asset Management Inc. Acquires 16,269 Shares of Koppers Holdings Inc. $KOP

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in Koppers Holdings Inc. by 1.5%, purchasing an additional 16,269 shares, bringing its total ownership to approximately 5.40% of the company.
• Despite a quarterly earnings report that missed analysts' expectations with $1.48 EPS against a consensus of $1.49, Koppers has set its FY 2025 guidance at 4.000-4.600 EPS.
• The company recently declared a quarterly dividend of $0.08 per share, with a dividend yield of 1.1%, indicating a dividend payout ratio of 44.44%.

Fuller & Thaler Asset Management Inc. grew its holdings in shares of Koppers Holdings Inc. (NYSE:KOP - Free Report) by 1.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,106,696 shares of the specialty chemicals company's stock after buying an additional 16,269 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 5.40% of Koppers worth $30,987,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in KOP. Raymond James Financial Inc. acquired a new position in shares of Koppers during the fourth quarter valued at about $482,000. Jump Financial LLC acquired a new position in shares of Koppers during the fourth quarter valued at about $258,000. Dimensional Fund Advisors LP grew its holdings in shares of Koppers by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,237,486 shares of the specialty chemicals company's stock valued at $40,094,000 after buying an additional 8,111 shares during the last quarter. State of Tennessee Department of Treasury grew its holdings in shares of Koppers by 67.4% during the fourth quarter. State of Tennessee Department of Treasury now owns 16,330 shares of the specialty chemicals company's stock valued at $529,000 after buying an additional 6,573 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Koppers by 7.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,422 shares of the specialty chemicals company's stock valued at $597,000 after buying an additional 1,254 shares during the last quarter. 92.75% of the stock is currently owned by institutional investors and hedge funds.

Koppers Stock Performance

KOP traded down $0.3850 during midday trading on Monday, reaching $29.7750. The company had a trading volume of 16,042 shares, compared to its average volume of 153,548. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.11 and a current ratio of 2.60. The stock has a market cap of $587.04 million, a PE ratio of 41.35 and a beta of 1.40. Koppers Holdings Inc. has a 12-month low of $22.99 and a 12-month high of $40.07. The business has a 50-day moving average price of $32.14 and a two-hundred day moving average price 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 analysts' consensus estimates of $1.49 by ($0.01). The company had revenue of $504.80 million during the quarter, compared to analysts' expectations of $540.30 million. Koppers had a net margin of 0.76% and a return on equity of 17.43%. The firm's revenue was down 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.36 earnings per share. Koppers has set its FY 2025 guidance at 4.000-4.600 EPS. On average, sell-side analysts expect that Koppers Holdings Inc. will post 4.24 earnings per share for the current fiscal year.

Koppers Announces Dividend

The business 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 $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 payout ratio is presently 44.44%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on KOP shares. Barrington Research cut their price target on shares of Koppers from $64.00 to $55.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. B. Riley restated a "buy" rating and set a $50.00 price target (down from $55.00) on shares of Koppers in a report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average 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.