Koppers Holdings Inc. $KOP Shares Sold by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC lowered its position in shares of Koppers Holdings Inc. (NYSE:KOP) by 54.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,529 shares of the specialty chemicals company’s stock after selling 23,293 shares during the quarter. Campbell & CO Investment Adviser LLC owned about 0.10% of Koppers worth $547,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Financial Consulate Inc. bought a new stake in shares of Koppers in the 3rd quarter valued at approximately $42,000. Byrne Asset Management LLC acquired a new position in Koppers in the third quarter worth $42,000. Tower Research Capital LLC TRC increased its stake in Koppers by 258.1% during the second quarter. Tower Research Capital LLC TRC now owns 1,930 shares of the specialty chemicals company’s stock valued at $62,000 after purchasing an additional 1,391 shares during the last quarter. Quantbot Technologies LP raised its holdings in shares of Koppers by 95.6% during the second quarter. Quantbot Technologies LP now owns 2,130 shares of the specialty chemicals company’s stock worth $68,000 after purchasing an additional 1,041 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of Koppers by 23.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,235 shares of the specialty chemicals company’s stock worth $104,000 after buying an additional 615 shares during the last quarter. Institutional investors own 92.75% of the company’s stock.

Koppers Trading Up 4.9%

NYSE:KOP opened at $29.53 on Thursday. Koppers Holdings Inc. has a 1 year low of $22.99 and a 1 year high of $35.61. The business has a fifty day moving average of $28.29 and a 200-day moving average of $29.16. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.09 and a current ratio of 2.63. The stock has a market cap of $579.08 million, a price-to-earnings ratio of 36.91 and a beta of 1.38.

Koppers (NYSE:KOP) last posted its quarterly earnings data 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). The company had revenue of $485.30 million during the quarter, compared to analyst estimates of $516.50 million. Koppers had a return on equity of 16.48% and a net margin of 0.84%.The business’s revenue for the quarter was down 12.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.37 EPS. Koppers has set its FY 2025 guidance at 4.000-4.150 EPS. Equities analysts predict that Koppers Holdings Inc. will post 4.24 earnings per share for the current year.

Koppers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Shareholders of record on Friday, November 28th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, November 28th. Koppers’s dividend payout ratio is 40.00%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on KOP. 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. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Koppers in a report on Monday, December 29th. Finally, Zacks Research downgraded Koppers from a “hold” rating to a “strong sell” rating in a report on Friday, January 9th. Two analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $52.50.

About Koppers

Koppers Company, Inc is a global specialty chemicals and materials manufacturer serving diverse industrial markets. The company operates through two primary segments: Carbon Materials & Chemicals, which produces a range of coal tar–based products, phenolic specialties and carbon compounds; and Railroad Products & Services, which offers wood treating and infrastructure services for rail and utility customers.

In its Carbon Materials & Chemicals segment, Koppers supplies coal tar pitch, refined creosote, coal tar‐based distillates and phenolic resins used in aluminum smelting, graphite electrode manufacture, carbon fiber production, and water treatment applications.