Gamco Investors INC. ET AL Makes New Investment in Koppers Holdings Inc. $KOP

Gamco Investors INC. ET AL purchased a new stake in shares of Koppers Holdings Inc. (NYSE:KOP) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 47,514 shares of the specialty chemicals company’s stock, valued at approximately $1,528,000.

Several other institutional investors have also modified their holdings of the company. Jump Financial LLC lifted its position in Koppers by 231.5% in the 2nd quarter. Jump Financial LLC now owns 44,600 shares of the specialty chemicals company’s stock valued at $1,434,000 after purchasing an additional 31,146 shares during the last quarter. Walleye Capital LLC bought a new position in Koppers in the 2nd quarter worth about $399,000. Kennedy Capital Management LLC increased its stake in shares of Koppers by 8.1% in the second quarter. Kennedy Capital Management LLC now owns 108,435 shares of the specialty chemicals company’s stock valued at $3,486,000 after purchasing an additional 8,159 shares during the period. 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 valued at $68,000 after buying an additional 1,041 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new stake in shares of Koppers during the second quarter valued at approximately $469,000. Institutional investors own 92.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on KOP. Barrington Research restated an “outperform” rating and issued a $55.00 target price on shares of Koppers in a research report on Tuesday, November 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Koppers in a research note on Monday. Finally, Zacks Research upgraded shares of Koppers from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Koppers currently has a consensus rating of “Moderate Buy” and an average price target of $52.50.

Koppers Stock Performance

Shares of NYSE KOP opened at $28.83 on Thursday. Koppers Holdings Inc. has a 1 year low of $22.99 and a 1 year high of $35.61. The firm has a market cap of $565.36 million, a P/E ratio of 36.04 and a beta of 1.40. The stock has a fifty day moving average price of $28.06 and a two-hundred day moving average price of $30.00. 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 (NYSE:KOP) last announced 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). Koppers had a net margin of 0.84% and a return on equity of 16.48%. The firm had revenue of $485.30 million during the quarter, compared to analyst estimates of $516.50 million. During the same quarter last year, the company earned $1.37 EPS. The company’s quarterly 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. Research analysts forecast that Koppers Holdings Inc. will post 4.24 EPS for the current fiscal year.

Koppers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Friday, November 28th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, November 28th. Koppers’s dividend payout ratio is presently 40.00%.

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.