Voya Investment Management LLC Buys 4,840 Shares of Koppers Holdings Inc. $KOP

Voya Investment Management LLC grew its stake in shares of Koppers Holdings Inc. (NYSE:KOP) by 33.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,105 shares of the specialty chemicals company’s stock after buying an additional 4,840 shares during the period. Voya Investment Management LLC owned 0.10% of Koppers worth $535,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Byrne Asset Management LLC bought a new position in Koppers during the first quarter valued at $38,000. Copeland Capital Management LLC bought a new position in Koppers in the first quarter worth about $49,000. GAMMA Investing LLC raised its holdings 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 purchasing an additional 973 shares in the last quarter. AlphaQuest LLC raised its holdings in Koppers by 97,600.0% in the first quarter. AlphaQuest LLC now owns 1,954 shares of the specialty chemicals company’s stock worth $55,000 after purchasing an additional 1,952 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Koppers by 44.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,567 shares of the specialty chemicals company’s stock worth $156,000 after purchasing an additional 1,704 shares in the last quarter. Institutional investors own 92.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Zacks Research downgraded shares of Koppers from a “hold” rating to a “strong sell” rating in a report on Thursday, September 4th. Barrington Research cut their price objective on shares of Koppers from $64.00 to $55.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. 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 report on Monday, August 11th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $52.50.

Koppers Trading Up 0.9%

Shares of NYSE:KOP opened at $28.39 on Friday. Koppers Holdings Inc. has a 1 year low of $22.99 and a 1 year high of $39.83. The firm has a market capitalization of $559.93 million, a price-to-earnings ratio of 39.44 and a beta of 1.46. The company has a debt-to-equity ratio of 1.83, a current ratio of 2.60 and a quick ratio of 1.11. The business’s 50 day moving average price is $30.18 and its 200-day moving average price is $29.65.

Koppers (NYSE:KOP) last announced its quarterly earnings data 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 net margin of 0.76% and a return on equity of 17.43%. The firm had revenue of $504.80 million during the quarter, compared to analysts’ expectations of $540.30 million. During the same quarter in the previous year, the business posted $1.36 EPS. The company’s revenue for the quarter was down 10.4% on a year-over-year basis. Koppers has set its FY 2025 guidance at 4.000-4.600 EPS. On average, equities research 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 was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.1%. Koppers’s dividend payout ratio (DPR) is 44.44%.

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.