Koppers Holdings Inc. (NYSE:KOP) Declares Quarterly Dividend of $0.08

Koppers Holdings Inc. (NYSE:KOP) announced a quarterly dividend on Thursday, November 6th. Stockholders of record on Friday, November 28th will be paid a dividend of 0.08 per share by the specialty chemicals company on Tuesday, December 16th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, November 28th.

Koppers has a dividend payout ratio of 6.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Koppers to earn $4.31 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 7.4%.

Koppers Stock Performance

NYSE:KOP traded down $1.65 during trading hours on Friday, reaching $26.19. The company had a trading volume of 22,679 shares, compared to its average volume of 155,995. The firm has a market cap of $516.44 million, a PE ratio of 36.38 and a beta of 1.45. Koppers has a 1-year low of $22.99 and a 1-year high of $39.83. The business’s 50 day moving average price is $28.07 and its 200-day moving average price is $29.81. The company has a debt-to-equity ratio of 1.83, a current ratio of 2.60 and a quick ratio of 1.11.

Koppers (NYSE:KOP) last posted its earnings results 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). Koppers had a net margin of 0.76% and a return on equity of 17.43%. The firm had revenue of $485.30 million for the quarter, compared to analysts’ expectations of $516.50 million. During the same period last year, the firm earned $1.37 earnings per share. Koppers’s revenue for the quarter was down 12.4% compared to the same quarter last year. Koppers has set its FY 2025 guidance at 4.000-4.150 EPS. Research analysts forecast that Koppers will post 4.24 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Financial Consulate Inc. acquired a new stake in shares of Koppers in the third quarter valued at approximately $42,000. Byrne Asset Management LLC purchased a new stake in shares of Koppers during the 3rd quarter valued at approximately $42,000. GAMMA Investing LLC grew its position in Koppers by 112.9% in the first quarter. GAMMA Investing LLC now owns 1,835 shares of the specialty chemicals company’s stock worth $51,000 after acquiring 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 last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Koppers by 258.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,930 shares of the specialty chemicals company’s stock worth $62,000 after purchasing an additional 1,391 shares during the last quarter. 92.75% of the stock is currently owned by institutional investors and hedge funds.

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.