EMC Capital Management Sells 2,914 Shares of Koppers Holdings Inc. $KOP

EMC Capital Management reduced its stake in shares of Koppers Holdings Inc. (NYSE:KOP) by 44.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,624 shares of the specialty chemicals company’s stock after selling 2,914 shares during the quarter. EMC Capital Management’s holdings in Koppers were worth $117,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Pzena Investment Management LLC lifted its stake in Koppers by 2.2% in the second quarter. Pzena Investment Management LLC now owns 1,248,032 shares of the specialty chemicals company’s stock worth $40,124,000 after acquiring an additional 26,704 shares during the period. Fuller & Thaler Asset Management Inc. grew its stake in shares of Koppers by 1.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,106,696 shares of the specialty chemicals company’s stock worth $30,987,000 after acquiring an additional 16,269 shares during the last quarter. LSV Asset Management increased its holdings in shares of Koppers by 7.4% during the second quarter. LSV Asset Management now owns 814,831 shares of the specialty chemicals company’s stock valued at $26,197,000 after acquiring an additional 56,170 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Koppers by 9.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 450,439 shares of the specialty chemicals company’s stock worth $12,612,000 after purchasing an additional 37,152 shares during the last quarter. Finally, Bridgeway Capital Management LLC raised its position in shares of Koppers by 1.5% in the 1st quarter. Bridgeway Capital Management LLC now owns 222,384 shares of the specialty chemicals company’s stock worth $6,227,000 after purchasing an additional 3,212 shares during the last quarter. Institutional investors own 92.75% of the company’s stock.

Koppers Stock Down 0.6%

Shares of NYSE:KOP opened at $27.77 on Thursday. The company has a market cap of $544.68 million, a price-to-earnings ratio of 38.57 and a beta of 1.45. Koppers Holdings Inc. has a 12 month low of $22.99 and a 12 month high of $39.79. 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 company has a 50-day moving average price of $28.00 and a 200 day moving average price of $30.03.

Koppers (NYSE:KOP) last issued its quarterly earnings data on Friday, November 7th. The specialty chemicals company reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.04). The company had revenue of $485.30 million for the quarter, compared to the consensus estimate of $516.50 million. Koppers had a return on equity of 17.43% and a net margin of 0.76%.The company’s revenue was down 12.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.37 earnings per share. Koppers has set its FY 2025 guidance at 4.000-4.150 EPS. As a group, equities research analysts predict that Koppers Holdings Inc. will post 4.24 earnings per share for the current year.

Koppers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Friday, November 28th will be given a $0.08 dividend. The ex-dividend date is Friday, November 28th. This represents a $0.32 dividend on an annualized basis and a yield of 1.2%. Koppers’s dividend payout ratio (DPR) is currently 40.00%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on KOP shares. Weiss Ratings lowered shares of Koppers from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. B. Riley reissued 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. Zacks Research raised Koppers from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. Finally, Barrington Research restated an “outperform” rating and issued a $55.00 price target on shares of Koppers in a research note on Tuesday, November 11th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $52.50.

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.