Invesco Ltd. Has $5.86 Million Stock Holdings in Koppers Holdings Inc. $KOP

Key Points

• Invesco Ltd. reduced its stake in Koppers Holdings Inc. by 8.9%, selling 20,372 shares, and now holds approximately 1.02% of the company valued at $5.86 million.
• Koppers reported earnings of $1.48 per share for the most recent quarter, which missed analysts' expectations of $1.49, and showcased a 10.4% year-over-year decline in revenue.
• Koppers has announced a quarterly dividend of $0.08 per share, providing an annual yield of 1.1%, with the ex-dividend date set for August 29th.

Invesco Ltd. lessened its stake in Koppers Holdings Inc. (NYSE:KOP - Free Report) by 8.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 209,442 shares of the specialty chemicals company's stock after selling 20,372 shares during the quarter. Invesco Ltd. owned about 1.02% of Koppers worth $5,864,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Byrne Asset Management LLC bought a new stake in Koppers in the first quarter valued at about $38,000. Quarry LP acquired a new stake in Koppers during the 4th quarter worth $40,000. Copeland Capital Management LLC bought a new position in Koppers during the first quarter worth about $49,000. GAMMA Investing LLC grew its stake in 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 period. Finally, State of Wyoming increased its holdings in shares of Koppers by 66.3% in the fourth quarter. State of Wyoming now owns 4,422 shares of the specialty chemicals company's stock worth $143,000 after acquiring an additional 1,763 shares in the last quarter. Institutional investors own 92.75% of the company's stock.

Koppers Stock Down 0.3%

Shares of KOP stock traded down $0.10 on Friday, hitting $28.91. 135,654 shares of the stock were exchanged, compared to its average volume of 172,460. The company has a current ratio of 2.60, a quick ratio of 1.11 and a debt-to-equity ratio of 1.83. The firm has a market capitalization of $570.18 million, a P/E ratio of 40.16 and a beta of 1.40. The business has a 50-day moving average of $31.92 and a 200 day moving average of $29.84. Koppers Holdings Inc. has a fifty-two week low of $22.99 and a fifty-two week high of $39.83.

Koppers (NYSE:KOP - Get Free Report) last posted its quarterly earnings data 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). 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 firm's quarterly revenue was down 10.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.36 earnings per share. Koppers has set its FY 2025 guidance at 4.000-4.600 EPS. Equities analysts anticipate that Koppers Holdings Inc. will post 4.24 EPS for the current year.

Koppers Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on KOP shares. B. Riley reiterated a "buy" rating and issued a $50.00 price objective (down from $55.00) on shares of Koppers in a research report on Monday, August 11th. Barrington Research reduced 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. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus 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.