Huntington National Bank Sells 2,591 Shares of Koppers Holdings Inc. $KOP

Huntington National Bank decreased its holdings in Koppers Holdings Inc. (NYSE:KOP) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 164,551 shares of the specialty chemicals company’s stock after selling 2,591 shares during the period. Huntington National Bank owned approximately 0.82% of Koppers worth $5,290,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Pzena Investment Management LLC increased its stake in shares of Koppers by 2.2% in the 2nd quarter. Pzena Investment Management LLC now owns 1,248,032 shares of the specialty chemicals company’s stock valued at $40,124,000 after purchasing an additional 26,704 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in shares of Koppers by 1.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,106,696 shares of the specialty chemicals company’s stock valued at $30,987,000 after purchasing an additional 16,269 shares during the last quarter. LSV Asset Management increased its stake in shares of Koppers by 19.9% in the 1st quarter. LSV Asset Management now owns 758,661 shares of the specialty chemicals company’s stock valued at $21,243,000 after purchasing an additional 125,799 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Koppers by 9.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 450,439 shares of the specialty chemicals company’s stock valued at $12,612,000 after purchasing an additional 37,152 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its stake in shares of Koppers by 1.5% in the 1st quarter. Bridgeway Capital Management LLC now owns 222,384 shares of the specialty chemicals company’s stock valued at $6,227,000 after purchasing an additional 3,212 shares during the last quarter. Institutional investors own 92.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KOP. B. Riley reiterated a “buy” rating and issued a $50.00 price target (down previously from $55.00) on shares of Koppers in a research note on Monday, August 11th. Zacks Research raised shares of Koppers from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. Barrington Research reaffirmed an “outperform” rating and set a $55.00 target price on shares of Koppers in a research note on Monday. Finally, Weiss Ratings cut shares of Koppers from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $52.50.

Koppers Stock Performance

NYSE KOP opened at $28.28 on Wednesday. The company has a market capitalization of $557.57 million, a price-to-earnings ratio of 39.28 and a beta of 1.41. Koppers Holdings Inc. has a twelve month low of $22.99 and a twelve month high of $39.83. The stock has a fifty day simple moving average of $28.12 and a 200 day simple moving average of $29.84. The company has a quick ratio of 1.11, a current ratio of 2.60 and a debt-to-equity ratio of 1.83.

Koppers (NYSE:KOP) last announced its earnings results on Friday, August 8th. The specialty chemicals company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). The company had revenue of $504.80 million for the quarter, compared to analyst estimates of $540.30 million. Koppers had a return on equity of 17.43% and a net margin of 0.76%.The firm’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.36 earnings per share. Koppers has set its FY 2025 guidance at 4.000-4.600 EPS. Sell-side analysts expect that Koppers Holdings Inc. will post 4.24 EPS for the current 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 issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.32 annualized dividend and a yield of 1.1%. Koppers’s payout ratio is presently 44.44%.

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.