Waterfront Wealth Inc. boosted its holdings in Koppers Holdings Inc. (NYSE:KOP – Free Report) by 41.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,168 shares of the specialty chemicals company’s stock after acquiring an additional 15,481 shares during the period. Waterfront Wealth Inc. owned about 0.27% of Koppers worth $1,543,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of KOP. Byrne Asset Management LLC bought a new position in Koppers in the third quarter worth about $42,000. Financial Consulate Inc. bought a new position in Koppers in the third quarter worth about $42,000. Tower Research Capital LLC TRC lifted its holdings in Koppers by 258.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,930 shares of the specialty chemicals company’s stock worth $62,000 after acquiring an additional 1,391 shares during the last quarter. Quantbot Technologies LP lifted its holdings in Koppers by 95.6% in the second quarter. Quantbot Technologies LP now owns 2,130 shares of the specialty chemicals company’s stock worth $68,000 after acquiring an additional 1,041 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Koppers by 23.5% in the second quarter. BNP Paribas Financial Markets now owns 3,235 shares of the specialty chemicals company’s stock worth $104,000 after acquiring an additional 615 shares during the last quarter. Institutional investors own 92.75% of the company’s stock.
Koppers Price Performance
NYSE KOP opened at $37.83 on Monday. Koppers Holdings Inc. has a 12 month low of $23.94 and a 12 month high of $39.50. The company has a debt-to-equity ratio of 1.59, a current ratio of 2.94 and a quick ratio of 1.13. The firm has a market capitalization of $731.46 million, a PE ratio of 13.66, a P/E/G ratio of 1.00 and a beta of 1.30. The company’s 50 day simple moving average is $36.64 and its 200 day simple moving average is $31.24.
Koppers Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Friday, March 6th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.0%. This is a positive change from Koppers’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, March 6th. Koppers’s dividend payout ratio (DPR) is presently 13.00%.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on KOP shares. Wall Street Zen raised shares of Koppers from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Barrington Research restated an “outperform” rating and issued a $55.00 price target on shares of Koppers in a research note on Thursday, April 2nd. Zacks Research upgraded shares of Koppers from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Finally, Weiss Ratings upgraded shares of Koppers from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, January 29th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Koppers presently has a consensus rating of “Moderate Buy” and an average price target of $52.50.
Get Our Latest Stock Analysis on KOP
Insider Transactions at Koppers
In other Koppers news, CEO M Leroy Ball sold 2,489 shares of Koppers stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $37.91, for a total value of $94,357.99. Following the transaction, the chief executive officer owned 447,459 shares in the company, valued at approximately $16,963,170.69. The trade was a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 7.28% of the company’s stock.
Koppers 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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