Trexquant Investment LP Boosts Stock Position in Koppers Holdings Inc. $KOP

Key Points

• Trexquant Investment LP increased its holdings in Koppers Holdings Inc. by 50.1% in Q1, owning approximately 0.45% of the company, valued at $2,562,000 after purchasing additional shares.
• Koppers Holdings recently reported earnings per share of $1.48, missing analyst estimates and showing a 10.4% decline in quarterly revenue compared to last year.
• The company declared a $0.08 quarterly dividend, with an annualized yield of 1.1%, and has a payout ratio of 44.44%.

Trexquant Investment LP increased its position in shares of Koppers Holdings Inc. (NYSE:KOP - Free Report) by 50.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 91,497 shares of the specialty chemicals company's stock after purchasing an additional 30,549 shares during the quarter. Trexquant Investment LP owned 0.45% of Koppers worth $2,562,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in KOP. Jump Financial LLC grew its holdings in Koppers by 68.7% in the 1st quarter. Jump Financial LLC now owns 13,454 shares of the specialty chemicals company's stock valued at $377,000 after buying an additional 5,479 shares in the last quarter. AlphaQuest LLC increased its holdings in shares of Koppers by 97,600.0% in the 1st quarter. AlphaQuest LLC now owns 1,954 shares of the specialty chemicals company's stock worth $55,000 after purchasing an additional 1,952 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in Koppers by 1.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,106,696 shares of the specialty chemicals company's stock valued at $30,987,000 after acquiring an additional 16,269 shares during the period. American Century Companies Inc. boosted its position in shares of Koppers by 52.3% during the first quarter. American Century Companies Inc. now owns 76,152 shares of the specialty chemicals company's stock valued at $2,132,000 after buying an additional 26,140 shares during the period. Finally, Boston Partners lifted its holdings in shares of Koppers by 121.0% during the 1st quarter. Boston Partners now owns 16,583 shares of the specialty chemicals company's stock valued at $464,000 after purchasing an additional 9,079 shares during the last quarter. Institutional investors and hedge funds own 92.75% of the company's stock.

Analyst Upgrades and Downgrades

KOP has been the subject of several research reports. Zacks Research downgraded shares of Koppers from a "hold" rating to a "strong sell" rating in a research note on Thursday. Barrington Research decreased their price target 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. Finally, B. Riley reaffirmed 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. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Koppers has an average rating of "Moderate Buy" and a consensus price target of $52.50.

Koppers Stock Down 1.1%

NYSE KOP traded down $0.31 during trading on Monday, reaching $28.56. The company's stock had a trading volume of 72,298 shares, compared to its average volume of 153,865. Koppers Holdings Inc. has a 1-year low of $22.99 and a 1-year high of $39.83. The business has a 50-day moving average price of $31.58 and a 200-day moving average price of $29.77. The stock has a market capitalization of $563.20 million, a PE ratio of 39.64 and a beta of 1.46. The company has a current ratio of 2.60, a quick ratio of 1.11 and a debt-to-equity ratio of 1.83.

Koppers (NYSE:KOP - Get Free Report) last released its earnings results on Friday, August 8th. The specialty chemicals company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). The firm 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 period last year, the business posted $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 company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, August 29th. This represents a $0.32 dividend on an annualized basis and a yield of 1.1%. Koppers's payout ratio 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.