Jackson Creek Investment Advisors LLC Purchases New Holdings in Koppers Holdings Inc. (NYSE:KOP)

Jackson Creek Investment Advisors LLC bought a new stake in Koppers Holdings Inc. (NYSE:KOP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 21,933 shares of the specialty chemicals company’s stock, valued at approximately $1,123,000. Jackson Creek Investment Advisors LLC owned 0.11% of Koppers at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Rubric Capital Management LP grew its holdings in Koppers by 6.9% in the 3rd quarter. Rubric Capital Management LP now owns 1,138,592 shares of the specialty chemicals company’s stock valued at $45,031,000 after buying an additional 73,151 shares during the last quarter. Invesco Ltd. grew its stake in shares of Koppers by 29.2% in the 3rd quarter. Invesco Ltd. now owns 462,789 shares of the specialty chemicals company’s stock valued at $18,303,000 after purchasing an additional 104,590 shares during the period. Assenagon Asset Management S.A. raised its stake in Koppers by 326.4% during the third quarter. Assenagon Asset Management S.A. now owns 123,753 shares of the specialty chemicals company’s stock worth $4,894,000 after acquiring an additional 94,732 shares in the last quarter. Federated Hermes Inc. lifted its holdings in Koppers by 1.1% during the 3rd quarter. Federated Hermes Inc. now owns 95,869 shares of the specialty chemicals company’s stock valued at $3,792,000 after purchasing an additional 1,047 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Koppers by 41.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 89,922 shares of the specialty chemicals company’s stock worth $4,606,000 after acquiring an additional 26,195 shares during the last quarter. Institutional investors and hedge funds own 92.75% of the company’s stock.

Koppers Price Performance

NYSE:KOP traded down $2.19 during mid-day trading on Tuesday, reaching $51.28. The stock had a trading volume of 112,842 shares, compared to its average volume of 126,276. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.14 and a quick ratio of 0.93. Koppers Holdings Inc. has a 12 month low of $28.45 and a 12 month high of $58.23. The stock has a market capitalization of $1.08 billion, a PE ratio of 12.36 and a beta of 1.86. The stock has a 50-day simple moving average of $53.93 and a two-hundred day simple moving average of $48.49.

Koppers (NYSE:KOP) last released its earnings results on Wednesday, February 28th. The specialty chemicals company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.05). Koppers had a net margin of 4.14% and a return on equity of 20.10%. The firm had revenue of $513.20 million during the quarter, compared to analyst estimates of $483.67 million. Koppers’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.09 EPS. On average, equities analysts anticipate that Koppers Holdings Inc. will post 4.57 earnings per share for the current year.

Koppers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 8th were issued a $0.07 dividend. This is an increase from Koppers’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Thursday, March 7th. Koppers’s payout ratio is 6.75%.

Insider Buying and Selling at Koppers

In other news, COO James A. Sullivan sold 700 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $54.01, for a total value of $37,807.00. Following the completion of the transaction, the chief operating officer now directly owns 111,192 shares in the company, valued at approximately $6,005,479.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Joseph P. Dowd sold 3,488 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $53.61, for a total transaction of $186,991.68. Following the completion of the transaction, the vice president now directly owns 36,969 shares in the company, valued at $1,981,908.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO James A. Sullivan sold 700 shares of Koppers stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $54.01, for a total value of $37,807.00. Following the completion of the sale, the chief operating officer now owns 111,192 shares of the company’s stock, valued at $6,005,479.92. The disclosure for this sale can be found here. Insiders have sold a total of 31,591 shares of company stock worth $1,700,094 over the last ninety days. 6.55% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Barrington Research reiterated an “outperform” rating and issued a $64.00 price objective on shares of Koppers in a research report on Wednesday, February 28th. Singular Research raised shares of Koppers from a “hold” rating to a “buy” rating and set a $67.50 price objective on the stock in a research report on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Koppers presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.50.

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.