Jacobs Levy Equity Management Inc. Sells 11,450 Shares of Koppers Holdings Inc. $KOP

Key Points

• Jacobs Levy Equity Management Inc. reduced its holdings in Koppers Holdings Inc. by 8.8%, selling 11,450 shares to own 119,366 shares valued at $3.34 million.
• Koppers reported disappointing earnings, missing the consensus estimate with an EPS of $1.48 and revenue of $504.80 million, down 10.4% year-over-year.
• The company announced a quarterly dividend of $0.08 per share, representing an annualized yield of 1.1%, with a dividend payout ratio of 44.44%.

Jacobs Levy Equity Management Inc. trimmed its holdings in shares of Koppers Holdings Inc. (NYSE:KOP - Free Report) by 8.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 119,366 shares of the specialty chemicals company's stock after selling 11,450 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.58% of Koppers worth $3,342,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in KOP. Byrne Asset Management LLC bought a new position in shares of Koppers during the 1st quarter valued at $38,000. Copeland Capital Management LLC bought a new position in Koppers in the 1st quarter worth $49,000. GAMMA Investing LLC raised its holdings in Koppers by 112.9% in the 1st quarter. GAMMA Investing LLC now owns 1,835 shares of the specialty chemicals company's stock worth $51,000 after purchasing an additional 973 shares during the period. AlphaQuest LLC raised its holdings in Koppers by 97,600.0% in the 1st quarter. AlphaQuest LLC now owns 1,954 shares of the specialty chemicals company's stock worth $55,000 after purchasing an additional 1,952 shares during the period. Finally, State of Wyoming raised its holdings in Koppers by 66.3% in the 4th quarter. State of Wyoming now owns 4,422 shares of the specialty chemicals company's stock worth $143,000 after purchasing an additional 1,763 shares during the period. 92.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KOP. B. Riley restated 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 target price on Koppers from $64.00 to $55.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. Finally, Zacks Research cut Koppers from a "hold" rating to a "strong sell" rating in a report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $52.50.

Koppers Trading Up 0.1%

KOP traded up $0.04 on Monday, hitting $28.79. The company had a trading volume of 22,786 shares, compared to its average volume of 154,243. The company has a market cap of $567.62 million, a PE ratio of 39.94 and a beta of 1.46. Koppers Holdings Inc. has a 12-month low of $22.99 and a 12-month high of $39.83. The company has a quick ratio of 1.11, a current ratio of 2.60 and a debt-to-equity ratio of 1.83. The business's fifty day simple moving average is $31.10 and its 200 day simple moving average is $29.69.

Koppers (NYSE:KOP - Get Free Report) last released its quarterly earnings results 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). The company had revenue of $504.80 million during the quarter, compared to analysts' expectations of $540.30 million. Koppers had a return on equity of 17.43% and a net margin of 0.76%.The company'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. Equities research analysts expect that Koppers Holdings Inc. will post 4.24 EPS for the current year.

Koppers Dividend Announcement

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

Koppers Company 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.