Intech Investment Management LLC boosted its stake in shares of Koppers Holdings Inc. (NYSE:KOP – Free Report) by 521.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 73,572 shares of the specialty chemicals company’s stock after purchasing an additional 61,728 shares during the quarter. Intech Investment Management LLC’s holdings in Koppers were worth $1,992,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KOP. Pacific Ridge Capital Partners LLC lifted its stake in shares of Koppers by 4.7% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 39,568 shares of the specialty chemicals company’s stock valued at $1,072,000 after purchasing an additional 1,760 shares during the last quarter. Seizert Capital Partners LLC lifted its stake in shares of Koppers by 209.4% in the 4th quarter. Seizert Capital Partners LLC now owns 112,401 shares of the specialty chemicals company’s stock valued at $3,044,000 after purchasing an additional 76,068 shares during the last quarter. Skylands Capital LLC lifted its stake in shares of Koppers by 27.4% in the 4th quarter. Skylands Capital LLC now owns 80,750 shares of the specialty chemicals company’s stock valued at $2,187,000 after purchasing an additional 17,370 shares during the last quarter. Comerica Bank lifted its stake in shares of Koppers by 20.6% in the 4th quarter. Comerica Bank now owns 15,530 shares of the specialty chemicals company’s stock valued at $421,000 after purchasing an additional 2,651 shares during the last quarter. Finally, Waterfront Wealth Inc. lifted its stake in shares of Koppers by 41.1% in the 4th quarter. Waterfront Wealth Inc. now owns 53,168 shares of the specialty chemicals company’s stock valued at $1,543,000 after purchasing an additional 15,481 shares during the last quarter. Institutional investors and hedge funds own 92.75% of the company’s stock.
Koppers Price Performance
KOP opened at $43.19 on Thursday. The stock’s 50-day moving average price is $39.63 and its 200 day moving average price is $34.12. Koppers Holdings Inc. has a 12-month low of $25.00 and a 12-month high of $46.40. The company has a current ratio of 2.71, a quick ratio of 1.11 and a debt-to-equity ratio of 1.67. The firm has a market cap of $830.51 million, a price-to-earnings ratio of 11.37, a PEG ratio of 10.44 and a beta of 1.26.
Koppers Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.36 annualized dividend and a yield of 0.8%. Koppers’s dividend payout ratio is presently 9.47%.
Insider Transactions at Koppers
In related news, CEO M Leroy Ball sold 2,659 shares of the stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $42.55, for a total transaction of $113,140.45. Following the transaction, the chief executive officer owned 444,096 shares of the company’s stock, valued at approximately $18,896,284.80. This represents a 0.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.28% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have recently commented on KOP. Weiss Ratings raised Koppers from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Singular Research raised Koppers to a “strong-buy” rating in a research note on Friday, May 15th. Barrington Research reaffirmed an “outperform” rating and issued a $55.00 price target on shares of Koppers in a research note on Monday, May 4th. Wall Street Zen raised Koppers from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 16th. Finally, Zacks Research raised Koppers from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Koppers presently has an average rating of “Moderate Buy” and an average target price of $52.50.
Check Out Our Latest Stock Analysis on Koppers
Koppers Company Profile
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.
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