Seizert Capital Partners LLC Makes New Investment in Koppers Holdings Inc. $KOP

Seizert Capital Partners LLC purchased a new stake in Koppers Holdings Inc. (NYSE:KOP) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 37,012 shares of the specialty chemicals company’s stock, valued at approximately $1,190,000. Seizert Capital Partners LLC owned about 0.18% of Koppers at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Empowered Funds LLC boosted its holdings in Koppers by 2.1% during the second quarter. Empowered Funds LLC now owns 113,317 shares of the specialty chemicals company’s stock worth $3,643,000 after buying an additional 2,286 shares in the last quarter. LSV Asset Management increased its holdings in shares of Koppers by 7.4% in the second quarter. LSV Asset Management now owns 814,831 shares of the specialty chemicals company’s stock valued at $26,197,000 after buying an additional 56,170 shares in the last quarter. Creative Planning acquired a new stake in shares of Koppers during the 2nd quarter valued at $365,000. Bailard Inc. bought a new stake in shares of Koppers during the 2nd quarter worth $257,000. Finally, CSM Advisors LLC acquired a new stake in shares of Koppers during the second quarter worth $4,725,000. Institutional investors and hedge funds own 92.75% of the company’s stock.

Koppers Trading Up 0.2%

NYSE:KOP opened at $27.93 on Wednesday. The company has a market capitalization of $547.74 million, a P/E ratio of 38.79 and a beta of 1.45. The stock’s 50 day moving average price is $28.00 and its 200 day moving average price is $30.05. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.11 and a current ratio of 2.60. Koppers Holdings Inc. has a 52 week low of $22.99 and a 52 week high of $39.79.

Koppers (NYSE:KOP) last posted its 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 net margin of 0.76% and a return on equity of 17.43%. The business had revenue of $485.30 million during the quarter, compared to analyst estimates of $516.50 million. During the same quarter last year, the firm earned $1.37 earnings per share. Koppers’s 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 forecast that Koppers Holdings Inc. will post 4.24 EPS for the current fiscal year.

Koppers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Friday, November 28th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, November 28th. Koppers’s dividend payout ratio (DPR) is 40.00%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on KOP. Weiss Ratings lowered Koppers from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 8th. Zacks Research upgraded shares of Koppers from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. B. Riley reissued a “buy” rating and issued a $50.00 target price (down from $55.00) on shares of Koppers in a research report on Monday, August 11th. Finally, Barrington Research restated an “outperform” rating and issued a $55.00 price target on shares of Koppers in a research report on Tuesday, November 11th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Koppers currently has an average rating of “Hold” and an average price target 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.