Koppers Holdings Inc. $KOP Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has reduced its stake in Koppers Holdings Inc. by 18.0%, now holding approximately 9.38% of the company valued at around $53.8 million.
• Koppers reported disappointing earnings, with $1.48 earnings per share for the quarter, missing estimates by $0.01, and revenue fell by 10.4% year-over-year.
• The company announced a quarterly dividend of $0.08 per share, yielding 1.1%, which will be paid on September 15.

Vanguard Group Inc. trimmed its position in shares of Koppers Holdings Inc. (NYSE:KOP - Free Report) by 18.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,922,004 shares of the specialty chemicals company's stock after selling 421,099 shares during the period. Vanguard Group Inc. owned 9.38% of Koppers worth $53,816,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its holdings in Koppers by 17.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,069 shares of the specialty chemicals company's stock valued at $170,000 after acquiring an additional 902 shares during the last quarter. LSV Asset Management increased its holdings in Koppers by 19.9% in the 1st quarter. LSV Asset Management now owns 758,661 shares of the specialty chemicals company's stock valued at $21,243,000 after acquiring an additional 125,799 shares during the last quarter. Kestrel Investment Management Corp bought a new stake in Koppers in the 1st quarter valued at $2,535,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Koppers by 44.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,567 shares of the specialty chemicals company's stock valued at $156,000 after acquiring an additional 1,704 shares during the last quarter. Finally, Foundry Partners LLC increased its holdings in Koppers by 10.0% in the 1st quarter. Foundry Partners LLC now owns 195,285 shares of the specialty chemicals company's stock valued at $5,468,000 after acquiring an additional 17,715 shares during the last quarter. 92.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. B. Riley reiterated a "buy" rating and issued a $50.00 price target (down from $55.00) on shares of Koppers in a report on Monday, August 11th. Barrington Research dropped their price target on shares of Koppers from $64.00 to $55.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to MarketBeat, Koppers currently has a consensus rating of "Buy" and a consensus price target of $52.50.

Koppers Stock Performance

Koppers stock traded down $0.10 during mid-day trading on Friday, reaching $28.91. 135,654 shares of the company traded hands, compared to its average volume of 154,005. The company has a debt-to-equity ratio of 1.83, a current ratio of 2.60 and a quick ratio of 1.11. 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 market capitalization of $570.18 million, a price-to-earnings ratio of 40.16 and a beta of 1.40. The firm's fifty day moving average is $31.97 and its two-hundred day moving average is $29.85.

Koppers (NYSE:KOP - Get Free Report) last issued its quarterly earnings results on Friday, August 8th. The specialty chemicals company reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). The company had revenue of $504.80 million for 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 company's revenue for the quarter was down 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.36 EPS. Koppers has set its FY 2025 guidance at 4.000-4.600 EPS. On average, equities research analysts expect that Koppers Holdings Inc. will post 4.24 earnings per share for the current fiscal year.

Koppers Announces Dividend

The firm also recently disclosed 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 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 presently 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.