84,856 Shares in Koppers Holdings Inc. $KOP Bought by Nuveen LLC

Key Points

• Nuveen LLC purchased over 84,000 shares of Koppers Holdings Inc., valued at approximately $2.38 million, increasing its stake to about 0.41% of the company.
• Analysts have set a new average price target for Koppers at $52.50, with a consensus rating of "Buy," despite Barrington Research lowering its target from $64.00 to $55.00.
• Koppers reported lower quarterly earnings of $1.48 per share, below the consensus estimate, along with a revenue decline of 10.4% year-over-year.

Nuveen LLC bought a new position in Koppers Holdings Inc. (NYSE:KOP - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 84,856 shares of the specialty chemicals company's stock, valued at approximately $2,376,000. Nuveen LLC owned 0.41% of Koppers at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its holdings in shares of Koppers by 0.7% in 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 in the last quarter. Pzena Investment Management LLC increased its holdings in shares of Koppers by 34.4% in the first quarter. Pzena Investment Management LLC now owns 1,221,328 shares of the specialty chemicals company's stock valued at $34,197,000 after buying an additional 312,556 shares in the last quarter. LSV Asset Management increased its holdings in shares of Koppers by 19.9% in the first 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 in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Koppers by 9.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 450,439 shares of the specialty chemicals company's stock valued at $12,612,000 after buying an additional 37,152 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Koppers by 12.9% in the fourth quarter. Northern Trust Corp now owns 248,805 shares of the specialty chemicals company's stock valued at $8,061,000 after buying an additional 28,425 shares in the last quarter. Institutional investors own 92.75% of the company's stock.

Koppers Stock Up 1.1%

Shares of KOP traded up $0.31 during mid-day trading on Thursday, reaching $28.39. The company's stock had a trading volume of 7,509 shares, compared to its average volume of 153,344. The business has a fifty day moving average of $31.72 and a 200 day moving average of $29.80. The company has a market cap of $559.75 million, a price-to-earnings ratio of 39.42 and a beta of 1.46. Koppers Holdings Inc. has a 1 year low of $22.99 and a 1 year 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.

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 for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). Koppers had a return on equity of 17.43% and a net margin of 0.76%.The company had revenue of $504.80 million during the quarter, compared to analyst estimates of $540.30 million. During the same period last year, the company posted $1.36 earnings per share. The company's revenue was down 10.4% compared to the same quarter last year. Koppers has set its FY 2025 guidance at 4.000-4.600 EPS. As a group, analysts forecast that Koppers Holdings Inc. will post 4.24 earnings per share for the current fiscal year.

Koppers Dividend Announcement

The business 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 $0.08 dividend. 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 44.44%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on KOP shares. Barrington Research dropped their price target on Koppers from $64.00 to $55.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. B. Riley reaffirmed a "buy" rating and issued a $50.00 price target (down previously from $55.00) on shares of Koppers in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target 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.