Villanova Investment Management Co LLC Has $512,000 Holdings in Koppers Holdings Inc. $KOP

Key Points

• Villanova Investment Management Co LLC reduced its ownership in Koppers Holdings Inc. by 63.2%, selling 31,452 shares and now holding approximately 0.09% of the company worth $512,000.
• Koppers Holdings reported a net revenue decline of 10.4% year-over-year and missed the earnings expectation by $0.01, showing an EPS of $1.48.
• The company declared a quarterly dividend of $0.08 per share, yielding 1.2% annually, with a payout ratio of 44.44%.

Villanova Investment Management Co LLC reduced its holdings in Koppers Holdings Inc. (NYSE:KOP - Free Report) by 63.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,277 shares of the specialty chemicals company's stock after selling 31,452 shares during the quarter. Villanova Investment Management Co LLC owned approximately 0.09% of Koppers worth $512,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Jane Street Group LLC lifted its holdings in Koppers by 374.3% during the 1st quarter. Jane Street Group LLC now owns 52,076 shares of the specialty chemicals company's stock worth $1,458,000 after buying an additional 41,097 shares in the last quarter. Empowered Funds LLC lifted its holdings in Koppers by 3.0% during the 1st quarter. Empowered Funds LLC now owns 111,031 shares of the specialty chemicals company's stock worth $3,109,000 after buying an additional 3,212 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Koppers by 1.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 107,054 shares of the specialty chemicals company's stock worth $2,998,000 after buying an additional 1,845 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Koppers by 3.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,602 shares of the specialty chemicals company's stock worth $325,000 after buying an additional 361 shares in the last quarter. Finally, Invenomic Capital Management LP acquired a new position in Koppers during the 1st quarter worth $1,143,000. 92.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on KOP. Barrington Research reduced their price objective on Koppers from $64.00 to $55.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. B. Riley reiterated a "buy" rating and set a $50.00 target price (down previously from $55.00) on shares of Koppers in a research report on Monday, August 11th. Finally, Zacks Research cut shares of Koppers from a "hold" rating to a "strong sell" rating in a research report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $52.50.

Koppers Trading Up 1.2%

Shares of KOP traded up $0.35 during trading hours on Tuesday, reaching $28.98. The stock had a trading volume of 49,956 shares, compared to its average volume of 154,329. The company has a quick ratio of 1.11, a current ratio of 2.60 and a debt-to-equity ratio of 1.83. Koppers Holdings Inc. has a 52 week low of $22.99 and a 52 week high of $39.83. The firm has a 50-day moving average of $31.01 and a 200 day moving average of $29.68. The company has a market cap of $571.39 million, a P/E ratio of 40.24 and a beta of 1.46.

Koppers (NYSE:KOP - Get Free Report) last released its quarterly earnings data on Friday, August 8th. The specialty chemicals company reported $1.48 EPS 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 firm had revenue of $504.80 million during the quarter, compared to the consensus estimate of $540.30 million. During the same quarter in the prior year, the company earned $1.36 EPS. Koppers's quarterly revenue was down 10.4% on a year-over-year basis. Koppers has set its FY 2025 guidance at 4.000-4.600 EPS. On average, sell-side analysts expect that Koppers Holdings Inc. will post 4.24 earnings per share for the current fiscal year.

Koppers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.32 dividend on an annualized basis and a yield of 1.1%. Koppers's dividend payout ratio is presently 44.44%.

About Koppers

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.