Koppers Holdings Inc. $KOP Shares Purchased by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board increased its stake in Koppers Holdings Inc. by 27.3%, acquiring an additional 13,784 shares in the first quarter, totaling 64,305 shares worth $1.8 million.
• Koppers reported earnings of $1.48 per share for the last quarter, missing analysts' expectations of $1.49, with a revenue decline of 10.4% year-over-year.
• A quarterly dividend of $0.08 per share has been announced, with an annualized dividend yield of 1.1%, scheduled for payment on September 15th.

Public Sector Pension Investment Board increased its holdings in Koppers Holdings Inc. (NYSE:KOP - Free Report) by 27.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,305 shares of the specialty chemicals company's stock after purchasing an additional 13,784 shares during the period. Public Sector Pension Investment Board owned 0.31% of Koppers worth $1,801,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP acquired a new position in Koppers in the fourth quarter valued at $40,000. Byrne Asset Management LLC acquired a new position in Koppers in the first quarter valued at $38,000. Copeland Capital Management LLC acquired a new position in Koppers in the first quarter valued at $49,000. GAMMA Investing LLC boosted its holdings 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 last quarter. Finally, State of Wyoming boosted its holdings in Koppers by 66.3% in the fourth quarter. State of Wyoming now owns 4,422 shares of the specialty chemicals company's stock valued at $143,000 after acquiring an additional 1,763 shares during the last quarter. Hedge funds and other institutional investors own 92.75% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KOP. B. Riley reiterated a "buy" rating and issued a $50.00 target price (down previously from $55.00) on shares of Koppers in a report on Monday, August 11th. Barrington Research reduced their price objective on Koppers from $64.00 to $55.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $52.50.

Koppers Stock Down 1.0%

Shares of NYSE:KOP traded down $0.30 during trading on Tuesday, hitting $29.40. The company's stock had a trading volume of 138,870 shares, compared to its average volume of 167,131. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.11 and a current ratio of 2.60. Koppers Holdings Inc. has a fifty-two week low of $22.99 and a fifty-two week high of $39.83. The stock's 50-day moving average price is $32.05 and its two-hundred day moving average price is $29.86. The company has a market capitalization of $579.75 million, a PE ratio of 40.83 and a beta of 1.40.

Koppers (NYSE:KOP - Get Free Report) last announced its quarterly earnings data 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). Koppers had a net margin of 0.76% and a return on equity of 17.43%. The firm had revenue of $504.80 million for the quarter, compared to analyst estimates of $540.30 million. During the same quarter in the previous year, the company earned $1.36 EPS. The company's quarterly 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, sell-side analysts expect that Koppers Holdings Inc. will post 4.24 EPS for the current year.

Koppers Announces Dividend

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