Koppers Holdings Inc. (KOP) to Distribute Quarterly Dividend of $0.09 on September 14th

Koppers Holdings Inc. (NYSE:KOP) declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Friday, August 28th will be paid a dividend of 0.09 per share by the specialty chemicals company on Monday, September 14th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, August 28th.

Koppers has a payout ratio of 6.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Koppers to earn $4.89 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 7.4%.

Koppers Trading Up 0.7%

NYSE:KOP opened at $46.15 on Wednesday. Koppers has a 1 year low of $25.00 and a 1 year high of $53.00. The stock has a market cap of $872.70 million, a price-to-earnings ratio of -9.78, a PEG ratio of 11.24 and a beta of 1.25. The business has a fifty day moving average of $47.39 and a 200-day moving average of $41.65. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.01 and a current ratio of 2.33.

Koppers (NYSE:KOP) last issued its quarterly earnings results on Thursday, August 6th. The specialty chemicals company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.25. The company had revenue of $520.10 million for the quarter, compared to analyst estimates of $506.10 million. Koppers had a positive return on equity of 14.98% and a negative net margin of 4.59%.The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company earned $1.48 earnings per share. Koppers has set its FY 2026 guidance at 3.800-4.200 EPS. Equities analysts predict that Koppers will post 4.08 earnings per share for the current year.

Insider Activity

In other news, CEO M Leroy Ball sold 3,000 shares of Koppers stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $45.84, for a total value of $137,520.00. Following the transaction, the chief executive officer directly owned 433,555 shares of the company’s stock, valued at $19,874,161.20. This trade represents a 0.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Stephen G. Lucas sold 1,308 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $44.55, for a total transaction of $58,271.40. Following the sale, the senior vice president owned 34,345 shares in the company, valued at $1,530,069.75. This represents a 3.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 97,220 shares of company stock valued at $4,823,398 over the last ninety days. Corporate insiders own 7.28% of the company’s stock.

Hedge Funds Weigh In On Koppers

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Koppers during the 2nd quarter worth approximately $445,000. California State Teachers Retirement System lifted its holdings in shares of Koppers by 4,694.1% in the second quarter. California State Teachers Retirement System now owns 896,878 shares of the specialty chemicals company’s stock valued at $40,270,000 after purchasing an additional 878,170 shares in the last quarter. Nykredit A S purchased a new stake in shares of Koppers in the second quarter valued at $31,000. Hsbc Holdings PLC boosted its position in shares of Koppers by 30.9% in the second quarter. Hsbc Holdings PLC now owns 11,095 shares of the specialty chemicals company’s stock worth $504,000 after buying an additional 2,618 shares during the period. Finally, Empowered Funds LLC acquired a new stake in shares of Koppers in the second quarter worth $4,615,000. Institutional investors and hedge funds own 92.75% of the company’s stock.

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.