Public Sector Pension Investment Board Buys 13,784 Shares of Koppers Holdings Inc. $KOP

Public Sector Pension Investment Board grew its stake in shares of Koppers Holdings Inc. (NYSE:KOP) by 27.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,305 shares of the specialty chemicals company’s stock after buying an additional 13,784 shares during the quarter. Public Sector Pension Investment Board owned 0.31% of Koppers worth $1,801,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of KOP. Byrne Asset Management LLC purchased a new stake in shares of Koppers during the first quarter worth about $38,000. Quarry LP purchased a new stake in shares of Koppers during the fourth quarter worth about $40,000. Copeland Capital Management LLC purchased a new stake in shares of Koppers during the first quarter worth about $49,000. GAMMA Investing LLC boosted its holdings in shares of Koppers by 112.9% during the first quarter. GAMMA Investing LLC now owns 1,835 shares of the specialty chemicals company’s stock worth $51,000 after purchasing an additional 973 shares during the period. Finally, State of Wyoming boosted its holdings in shares of Koppers by 66.3% during the fourth quarter. State of Wyoming now owns 4,422 shares of the specialty chemicals company’s stock worth $143,000 after purchasing an additional 1,763 shares during the period. 92.75% of the stock is currently owned by hedge funds and other institutional investors.

Koppers Stock Down 1.8%

KOP stock opened at $29.3270 on Thursday. Koppers Holdings Inc. has a fifty-two week low of $22.99 and a fifty-two week high of $40.07. The business’s 50 day moving average price is $32.25 and its two-hundred day moving average price is $29.85. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.11 and a current ratio of 2.60. The company has a market capitalization of $578.33 million, a price-to-earnings ratio of 40.73 and a beta of 1.40.

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

Koppers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, August 29th. Koppers’s dividend payout ratio (DPR) is presently 44.44%.

Analyst Upgrades and Downgrades

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

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.