Russell Investments Group Ltd. Raises Stock Position in Koppers Holdings Inc. $KOP

Key Points

• Russell Investments Group Ltd. significantly increased its stake in Koppers Holdings Inc. by 140.6% in the first quarter, owning 123,336 shares valued at approximately $3.45 million.
• Koppers reported $1.48 earnings per share for the last quarter, missing analyst expectations by $0.01, while its revenue decreased 10.4% year-over-year.
• The company has declared a quarterly dividend of $0.08 per share, providing a dividend yield of 1.1%, with the payment date set for September 15th.

Russell Investments Group Ltd. boosted its stake in Koppers Holdings Inc. (NYSE:KOP - Free Report) by 140.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,336 shares of the specialty chemicals company's stock after acquiring an additional 72,082 shares during the quarter. Russell Investments Group Ltd. owned 0.60% of Koppers worth $3,453,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC increased its position in shares of Koppers by 2.2% during the first quarter. SummerHaven Investment Management LLC now owns 22,451 shares of the specialty chemicals company's stock worth $629,000 after buying an additional 483 shares during the period. Victory Capital Management Inc. increased its holdings in Koppers by 2.3% during the first quarter. Victory Capital Management Inc. now owns 31,300 shares of the specialty chemicals company's stock worth $876,000 after buying an additional 700 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Koppers by 17.5% in the first quarter. PNC Financial Services Group Inc. now owns 6,069 shares of the specialty chemicals company's stock worth $170,000 after purchasing an additional 902 shares in the last quarter. GAMMA Investing LLC boosted 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 valued at $51,000 after purchasing an additional 973 shares during the period. Finally, Quarry LP purchased a new position in Koppers in the 4th quarter worth approximately $40,000. 92.75% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on KOP shares. B. Riley reaffirmed a "buy" rating and set a $50.00 price target (down previously from $55.00) on shares of Koppers in a report on Monday, August 11th. Barrington Research reduced 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. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat.com, Koppers has a consensus rating of "Buy" and a consensus target price of $52.50.

Koppers Trading Down 0.3%

Shares of NYSE:KOP traded down $0.10 during midday trading on Friday, hitting $28.91. The company had a trading volume of 135,654 shares, compared to its average volume of 172,460. The stock has a market cap of $570.18 million, a price-to-earnings ratio of 40.16 and a beta of 1.40. Koppers Holdings Inc. has a 12 month low of $22.99 and a 12 month high of $39.83. The company has a current ratio of 2.60, a quick ratio of 1.11 and a debt-to-equity ratio of 1.83. The firm has a fifty day simple moving average of $31.92 and a 200 day simple moving average of $29.84.

Koppers (NYSE:KOP - Get Free Report) last released 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). The business had revenue of $504.80 million during the quarter, compared to analyst estimates of $540.30 million. Koppers had a net margin of 0.76% and a return on equity of 17.43%. The firm's quarterly revenue was down 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.36 earnings per share. Koppers has set its FY 2025 guidance at 4.000-4.600 EPS. On average, analysts predict that Koppers Holdings Inc. will post 4.24 EPS for the current year.

Koppers Dividend Announcement

The company 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 $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, August 29th. 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.