Villanova Investment Management Co LLC Boosts Stake in Koppers Holdings Inc. $KOP

Villanova Investment Management Co LLC increased its stake in Koppers Holdings Inc. (NYSE:KOP) by 165.5% during the 2nd quarter, Holdings Channel reports. The firm owned 48,534 shares of the specialty chemicals company’s stock after purchasing an additional 30,257 shares during the quarter. Koppers comprises approximately 1.6% of Villanova Investment Management Co LLC’s portfolio, making the stock its 28th biggest holding. Villanova Investment Management Co LLC’s holdings in Koppers were worth $1,560,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in KOP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Koppers by 3.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,602 shares of the specialty chemicals company’s stock valued at $325,000 after buying an additional 361 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in Koppers by 4.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 11,673 shares of the specialty chemicals company’s stock valued at $375,000 after buying an additional 481 shares during the last quarter. SummerHaven Investment Management LLC boosted its holdings in shares of Koppers by 2.5% during the second quarter. SummerHaven Investment Management LLC now owns 23,016 shares of the specialty chemicals company’s stock worth $740,000 after purchasing an additional 565 shares during the period. State of Alaska Department of Revenue lifted its holdings in Koppers by 6.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 11,903 shares of the specialty chemicals company’s stock worth $382,000 after buying an additional 672 shares during the period. Finally, Baird Financial Group Inc. boosted its holdings in Koppers by 3.2% in the first quarter. Baird Financial Group Inc. now owns 24,800 shares of the specialty chemicals company’s stock valued at $694,000 after acquiring an additional 769 shares in the last quarter. Hedge funds and other institutional investors own 92.75% of the company’s stock.

Koppers Stock Performance

KOP opened at $28.04 on Monday. The firm has a market cap of $549.92 million, a P/E ratio of 35.05 and a beta of 1.40. The company has a debt-to-equity ratio of 1.68, a current ratio of 2.63 and a quick ratio of 1.09. The company has a 50 day simple moving average of $28.04 and a two-hundred day simple moving average of $30.04. Koppers Holdings Inc. has a 1-year low of $22.99 and a 1-year high of $37.27.

Koppers (NYSE:KOP) last posted its quarterly earnings results on Friday, November 7th. The specialty chemicals company reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.04). Koppers had a net margin of 0.84% and a return on equity of 16.48%. The business had revenue of $485.30 million for the quarter, compared to the consensus estimate of $516.50 million. During the same period in the prior year, the business 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. Equities analysts forecast that Koppers Holdings Inc. will post 4.24 earnings per share for the current fiscal year.

Koppers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Investors 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 dividend on an annualized basis and a dividend yield of 1.1%. Koppers’s dividend payout ratio is currently 40.00%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Barrington Research reaffirmed an “outperform” rating and set a $55.00 price objective on shares of Koppers in a research report on Tuesday, November 11th. Zacks Research upgraded shares of Koppers from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. Weiss Ratings upgraded Koppers from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, December 2nd. Finally, B. Riley restated a “buy” rating and set a $50.00 price objective (down previously from $55.00) on shares of Koppers in a research report on Monday, August 11th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $52.50.

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.