Invenomic Capital Management LP Purchases Shares of 40,828 Koppers Holdings Inc. $KOP

Key Points

• Invenomic Capital Management LP acquired 40,828 shares of Koppers Holdings Inc., valued at approximately $1,143,000, during the first quarter, representing about 0.20% of the company's stock.
• Koppers announced a quarterly dividend of $0.08 per share, equating to an annualized yield of 1.1%, with the payment date set for September 15.
• Despite a quarterly earnings miss, Koppers has set its FY 2025 earnings guidance between $4.000-4.600 per share, with analysts forecasting $4.24 for the current year.

Invenomic Capital Management LP purchased a new stake in Koppers Holdings Inc. (NYSE:KOP - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 40,828 shares of the specialty chemicals company's stock, valued at approximately $1,143,000. Invenomic Capital Management LP owned 0.20% of Koppers as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Koppers by 54.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,966 shares of the specialty chemicals company's stock valued at $335,000 after buying an additional 4,197 shares during the period. GAMMA Investing LLC grew its holdings 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 buying an additional 973 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Koppers by 21.9% in the 4th quarter. BNP Paribas Financial Markets now owns 12,678 shares of the specialty chemicals company's stock valued at $411,000 after buying an additional 2,281 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Koppers by 51.5% in the 4th 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 valued at $2,056,000 after buying an additional 21,565 shares during the period. Finally, LSV Asset Management grew its holdings in shares of Koppers by 19.9% in the 1st quarter. LSV Asset Management now owns 758,661 shares of the specialty chemicals company's stock valued at $21,243,000 after buying an additional 125,799 shares during the period. Institutional investors and hedge funds own 92.75% of the company's stock.

Wall Street Analyst Weigh In

KOP has been the subject of several research analyst reports. Barrington Research decreased their price target on shares of Koppers from $64.00 to $55.00 and set an "outperform" rating for the company in a report on Friday, August 8th. B. Riley restated a "buy" rating and set a $50.00 target price (down previously from $55.00) on shares of Koppers in a research report on Monday, August 11th. Finally, Zacks Research lowered shares of Koppers from a "hold" rating to a "strong sell" rating in a research report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $52.50.

Koppers Price Performance

Shares of NYSE KOP traded up $0.69 during trading hours on Thursday, hitting $28.22. 38,572 shares of the stock were exchanged, compared to its average volume of 153,925. 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 company has a market cap of $556.52 million, a PE ratio of 39.20 and a beta of 1.46. The company's fifty day simple moving average is $31.29 and its two-hundred day simple moving average is $29.74. Koppers Holdings Inc. has a 1-year low of $22.99 and a 1-year high of $39.83.

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

Koppers Dividend Announcement

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

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.