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

EMC Capital Management lessened its holdings in Koppers Holdings Inc. (NYSE:KOP) by 44.6% during the 2nd quarter, according to its most recent filing with the Securities & 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 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. CSM Advisors LLC bought a new position in shares of Koppers in the second quarter worth about $4,725,000. LSV Asset Management boosted its holdings in Koppers by 19.9% in the first quarter. LSV Asset Management now owns 758,661 shares of the specialty chemicals company’s stock worth $21,243,000 after acquiring an additional 125,799 shares in the last quarter. Kestrel Investment Management Corp purchased a new stake in shares of Koppers during the first quarter worth about $2,535,000. Nuveen LLC acquired a new position in shares of Koppers during the first quarter valued at about $2,376,000. Finally, Russell Investments Group Ltd. raised its position in shares of 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. 92.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on KOP. Zacks Research raised shares of Koppers from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. B. Riley restated a “buy” rating and set a $50.00 price objective (down from $55.00) on shares of Koppers in a research report on Monday, August 11th. Barrington Research reaffirmed an “outperform” rating and issued a $55.00 target price on shares of Koppers in a research note on Tuesday, November 11th. Finally, Weiss Ratings cut Koppers from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $52.50.

Koppers Trading Down 0.6%

NYSE:KOP opened at $27.77 on Thursday. The company has a quick ratio of 1.11, a current ratio of 2.60 and a debt-to-equity ratio of 1.83. The company has a market capitalization of $544.68 million, a PE ratio of 38.57 and a beta of 1.45. Koppers Holdings Inc. has a 52-week low of $22.99 and a 52-week high of $39.79. The stock’s 50 day moving average price is $28.00 and its 200 day moving average price is $30.03.

Koppers (NYSE:KOP) last released 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 return on equity of 17.43% and a net margin of 0.76%.The company had revenue of $485.30 million for the quarter, compared to analysts’ expectations of $516.50 million. During the same period in the prior year, the business earned $1.37 EPS. The business’s quarterly revenue was down 12.4% compared to the same quarter last year. Koppers has set its FY 2025 guidance at 4.000-4.150 EPS. On average, research analysts anticipate that Koppers Holdings Inc. will post 4.24 EPS for the current year.

Koppers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Friday, November 28th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, November 28th. This represents a $0.32 annualized dividend and a yield of 1.2%. Koppers’s payout ratio is presently 40.00%.

Koppers 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.