American Century Companies Inc. Has $2.13 Million Stock Position in Koppers Holdings Inc. $KOP

American Century Companies Inc. grew its stake in shares of Koppers Holdings Inc. (NYSE:KOP - Free Report) by 52.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,152 shares of the specialty chemicals company's stock after buying an additional 26,140 shares during the period. American Century Companies Inc. owned approximately 0.37% of Koppers worth $2,132,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KOP. Pzena Investment Management LLC boosted its holdings in Koppers by 34.4% during the first quarter. Pzena Investment Management LLC now owns 1,221,328 shares of the specialty chemicals company's stock worth $34,197,000 after buying an additional 312,556 shares during the last quarter. LSV Asset Management boosted its holdings in Koppers by 19.9% during the first quarter. LSV Asset Management now owns 758,661 shares of the specialty chemicals company's stock worth $21,243,000 after buying an additional 125,799 shares during the last quarter. Kestrel Investment Management Corp bought a new position in Koppers during the first quarter worth about $2,535,000. Jacobs Levy Equity Management Inc. boosted its holdings in Koppers by 193.5% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 130,816 shares of the specialty chemicals company's stock worth $4,238,000 after buying an additional 86,246 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Koppers during the 1st quarter valued at about $2,376,000. Institutional investors own 92.75% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. B. Riley reiterated a "buy" rating and set a $50.00 price objective (down previously from $55.00) on shares of Koppers in a report on Monday, August 11th. Barrington Research cut their price objective 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. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.50.

Koppers Stock Up 0.9%

Shares of KOP traded up $0.27 during mid-day trading on Friday, hitting $28.89. 159,568 shares of the company's stock were exchanged, compared to its average volume of 181,086. The company has a market cap of $569.73 million, a PE ratio of 40.13 and a beta of 1.46. Koppers Holdings Inc. has a 52 week low of $22.99 and a 52 week high of $39.83. The company has a 50-day simple moving average of $31.58 and a 200 day simple moving average of $29.78. The company has a debt-to-equity ratio of 1.83, a current ratio of 2.60 and a quick ratio of 1.11.

Koppers (NYSE:KOP - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $504.80 million for the quarter, compared to the consensus estimate of $540.30 million. Koppers had a return on equity of 17.43% and a net margin of 0.76%.Koppers's revenue was down 10.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.36 earnings per share. Koppers has set its FY 2025 guidance at 4.000-4.600 EPS. On average, research analysts forecast that Koppers Holdings Inc. will post 4.24 earnings per share for the current fiscal year.

Koppers Dividend Announcement

The firm also recently declared 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. 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 (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.