New York State Teachers Retirement System Lowers Position in Koppers Holdings Inc. $KOP

New York State Teachers Retirement System lessened its position in Koppers Holdings Inc. (NYSE:KOP) by 1.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 35,981 shares of the specialty chemicals company’s stock after selling 430 shares during the quarter. New York State Teachers Retirement System’s holdings in Koppers were worth $1,157,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Copeland Capital Management LLC purchased a new position in shares of Koppers in the 1st quarter valued at approximately $49,000. GAMMA Investing LLC lifted its stake in shares of Koppers by 112.9% in the 1st quarter. GAMMA Investing LLC now owns 1,835 shares of the specialty chemicals company’s stock valued at $51,000 after purchasing an additional 973 shares during the period. AlphaQuest LLC lifted its stake 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 valued at $55,000 after purchasing an additional 1,952 shares during the period. CWM LLC lifted its stake in shares of Koppers by 134.3% in the 2nd quarter. CWM LLC now owns 3,507 shares of the specialty chemicals company’s stock valued at $113,000 after purchasing an additional 2,010 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of 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 purchasing an additional 1,704 shares during the period. Hedge funds and other institutional investors own 92.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Zacks Research upgraded Koppers from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. B. Riley restated a “buy” rating and issued a $50.00 target price (down previously from $55.00) on shares of Koppers in a research note on Monday, August 11th. Weiss Ratings lowered Koppers from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 8th. Finally, Barrington Research reduced their price objective on Koppers from $64.00 to $55.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $52.50.

Koppers Stock Up 1.4%

KOP stock opened at $28.39 on Thursday. Koppers Holdings Inc. has a 1-year low of $22.99 and a 1-year high of $39.83. The business has a fifty day moving average price of $28.30 and a 200-day moving average price of $29.47. The company has a debt-to-equity ratio of 1.83, a current ratio of 2.60 and a quick ratio of 1.11. The stock has a market capitalization of $559.91 million, a P/E ratio of 39.43 and a beta of 1.41.

Koppers (NYSE:KOP) last posted its quarterly earnings results on Friday, August 8th. The specialty chemicals company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). Koppers had a return on equity of 17.43% and a net margin of 0.76%.The business had revenue of $504.80 million during the quarter, compared to analysts’ expectations of $540.30 million. During the same quarter in the prior year, the firm earned $1.36 EPS. The firm’s revenue for the quarter was down 10.4% compared to the same quarter last year. Koppers has set its FY 2025 guidance at 4.000-4.600 EPS. Equities analysts forecast that Koppers Holdings Inc. will post 4.24 earnings per share for the current fiscal year.

Koppers Announces Dividend

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

Koppers Company 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.