American Century Companies Inc. Grows Stock Position in Koppers Holdings Inc. $KOP

American Century Companies Inc. increased its holdings in Koppers Holdings Inc. (NYSE:KOP) by 145.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 186,729 shares of the specialty chemicals company’s stock after acquiring an additional 110,577 shares during the period. American Century Companies Inc. owned approximately 0.93% of Koppers worth $6,003,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of Koppers in the 2nd quarter valued at $872,000. Voya Investment Management LLC increased its position in shares of Koppers by 33.9% during the 1st quarter. Voya Investment Management LLC now owns 19,105 shares of the specialty chemicals company’s stock worth $535,000 after purchasing an additional 4,840 shares during the last quarter. Invenomic Capital Management LP purchased a new stake in Koppers in the 1st quarter valued at about $1,143,000. Pzena Investment Management LLC lifted its position in Koppers by 2.2% in the second quarter. Pzena Investment Management LLC now owns 1,248,032 shares of the specialty chemicals company’s stock valued at $40,124,000 after buying an additional 26,704 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Koppers by 17.5% in the first quarter. PNC Financial Services Group Inc. now owns 6,069 shares of the specialty chemicals company’s stock valued at $170,000 after buying an additional 902 shares during the last quarter. Institutional investors and hedge funds own 92.75% of the company’s stock.

Koppers Trading Down 0.0%

KOP opened at $28.04 on Friday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.09 and a current ratio of 2.63. Koppers Holdings Inc. has a one year low of $22.99 and a one year high of $37.27. The company has a market cap of $549.92 million, a P/E ratio of 35.05 and a beta of 1.40. The business’s 50-day simple moving average is $28.04 and its 200-day simple moving average is $30.05.

Koppers (NYSE:KOP) last announced 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). The business had revenue of $485.30 million during the quarter, compared to analyst estimates of $516.50 million. Koppers had a net margin of 0.84% and a return on equity of 16.48%. The business’s revenue for the quarter was down 12.4% compared to the same quarter last year. During the same period last year, the company earned $1.37 earnings per share. Koppers has set its FY 2025 guidance at 4.000-4.150 EPS. As a group, equities research analysts expect 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. Stockholders of record on Friday, November 28th will be issued a $0.08 dividend. The ex-dividend date is Friday, November 28th. This represents a $0.32 annualized dividend and a dividend yield of 1.1%. Koppers’s dividend payout ratio is presently 40.00%.

Analysts Set New Price Targets

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