Koppers Holdings Inc. $KOP Shares Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC boosted its stake in Koppers Holdings Inc. (NYSE:KOP) by 44.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 64,226 shares of the specialty chemicals company’s stock after buying an additional 19,916 shares during the period. Squarepoint Ops LLC owned approximately 0.33% of Koppers worth $2,065,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. CSM Advisors LLC acquired a new stake in shares of Koppers during the second quarter valued at about $4,725,000. American Century Companies Inc. boosted its position in shares of Koppers by 145.2% during the 2nd quarter. American Century Companies Inc. now owns 186,729 shares of the specialty chemicals company’s stock worth $6,003,000 after purchasing an additional 110,577 shares during the period. Nuveen LLC acquired a new stake in Koppers in the 1st quarter valued at approximately $2,376,000. Russell Investments Group Ltd. increased its holdings in Koppers by 140.6% in the 1st quarter. Russell Investments Group Ltd. now owns 123,336 shares of the specialty chemicals company’s stock valued at $3,453,000 after purchasing an additional 72,082 shares during the last quarter. Finally, LSV Asset Management lifted its stake in Koppers by 7.4% during the second quarter. LSV Asset Management now owns 814,831 shares of the specialty chemicals company’s stock worth $26,197,000 after purchasing an additional 56,170 shares in the last quarter. Institutional investors and hedge funds own 92.75% of the company’s stock.

Wall Street Analysts Forecast Growth

KOP has been the subject of several research analyst reports. Zacks Research upgraded Koppers from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Weiss Ratings restated a “hold (c-)” rating on shares of Koppers in a report on Monday. Finally, Barrington Research reiterated an “outperform” rating and set a $55.00 price target on shares of Koppers in a research note on Tuesday, November 11th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $52.50.

Koppers Trading Down 0.5%

KOP opened at $28.17 on Friday. The business has a fifty day moving average price of $28.29 and a 200 day moving average price of $29.90. The company has a debt-to-equity ratio of 1.68, a current ratio of 2.63 and a quick ratio of 1.09. Koppers Holdings Inc. has a 12 month low of $22.99 and a 12 month high of $35.61. The stock has a market capitalization of $552.41 million, a price-to-earnings ratio of 35.21 and a beta of 1.40.

Koppers (NYSE:KOP) last posted its quarterly earnings results on Friday, November 7th. The specialty chemicals company reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.04). Koppers had a net margin of 0.84% and a return on equity of 16.48%. The company had revenue of $485.30 million during the quarter, compared to analyst estimates of $516.50 million. During the same period in the prior year, the business earned $1.37 EPS. Koppers’s revenue for the quarter was down 12.4% on a year-over-year basis. Koppers has set its FY 2025 guidance at 4.000-4.150 EPS. Sell-side analysts expect that Koppers Holdings Inc. will post 4.24 earnings per share for the current fiscal year.

Koppers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Shareholders of record on Friday, November 28th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, November 28th. Koppers’s payout ratio is 40.00%.

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.