Pzena Investment Management LLC Grows Stock Position in Koppers Holdings Inc. $KOP

Key Points

• Pzena Investment Management LLC increased its stake in Koppers Holdings Inc. by 2.2%, owning approximately 6.24% of the company, valued at $40.1 million.
• Analyst ratings for Koppers have fluctuated, with Barrington Research lowering its target price and Weiss Ratings downgrading the stock from "hold" to "sell."
• Koppers Holdings reported a net margin of 0.76% for the last quarter, with earnings per share of $1.48, missing analysts' estimates.

Pzena Investment Management LLC lifted its stake in Koppers Holdings Inc. (NYSE:KOP - Free Report) by 2.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,248,032 shares of the specialty chemicals company's stock after buying an additional 26,704 shares during the period. Pzena Investment Management LLC owned approximately 6.24% of Koppers worth $40,124,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of KOP. 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 worth $21,243,000 after buying an additional 125,799 shares during the period. Kestrel Investment Management Corp purchased a new position in shares of Koppers in the first quarter worth about $2,535,000. Nuveen LLC bought a new position in shares of Koppers during the first quarter valued at about $2,376,000. Russell Investments Group Ltd. boosted its holdings in shares of Koppers by 140.6% during the first quarter. Russell Investments Group Ltd. now owns 123,336 shares of the specialty chemicals company's stock worth $3,453,000 after purchasing an additional 72,082 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Koppers by 5,860.6% during the first quarter. GAMMA Investing LLC now owns 51,380 shares of the specialty chemicals company's stock worth $1,439,000 after purchasing an additional 50,518 shares during the period. Hedge funds and other institutional investors own 92.75% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on KOP shares. Barrington Research dropped their target price 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. Weiss Ratings lowered shares of Koppers from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, October 8th. B. Riley restated a "buy" rating and set a $50.00 target price (down previously from $55.00) on shares of Koppers in a report on Monday, August 11th. Finally, Zacks Research downgraded Koppers from a "hold" rating to a "strong sell" rating in a report on Thursday, September 4th. Two research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $52.50.

Koppers Price Performance

Shares of NYSE KOP opened at $26.35 on Monday. Koppers Holdings Inc. has a fifty-two week low of $22.99 and a fifty-two week high of $39.83. The company has a 50 day simple moving average of $28.92 and a two-hundred day simple moving average of $29.51. The company has a market capitalization of $519.62 million, a price-to-earnings ratio of 36.60 and a beta of 1.41. 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 (NYSE:KOP - Get Free Report) last announced its 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 net margin of 0.76% and a return on equity of 17.43%. The business had revenue of $504.80 million for the quarter, compared to the consensus estimate of $540.30 million. During the same period in the prior year, the business posted $1.36 EPS. Koppers's revenue for the quarter was down 10.4% on a year-over-year basis. Koppers has set its FY 2025 guidance at 4.000-4.600 EPS. Analysts expect that Koppers Holdings Inc. will post 4.24 EPS for the current fiscal year.

Koppers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.2%. 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.

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