Jump Financial LLC Sells 659 Shares of Koppers Holdings Inc. (NYSE:KOP)

Jump Financial LLC lessened its position in Koppers Holdings Inc. (NYSE:KOP) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,706 shares of the specialty chemicals company’s stock after selling 659 shares during the quarter. Jump Financial LLC owned about 0.06% of Koppers worth $600,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Swiss National Bank increased its position in Koppers by 1.6% during the third quarter. Swiss National Bank now owns 45,800 shares of the specialty chemicals company’s stock worth $1,811,000 after acquiring an additional 700 shares during the period. Federated Hermes Inc. lifted its stake in shares of Koppers by 1.1% in the third quarter. Federated Hermes Inc. now owns 95,869 shares of the specialty chemicals company’s stock valued at $3,792,000 after buying an additional 1,047 shares during the period. AJOVista LLC acquired a new stake in Koppers during the fourth quarter worth about $62,000. New York State Common Retirement Fund increased its stake in Koppers by 9.2% during the third quarter. New York State Common Retirement Fund now owns 16,931 shares of the specialty chemicals company’s stock valued at $670,000 after acquiring an additional 1,429 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Koppers by 35.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,782 shares of the specialty chemicals company’s stock valued at $347,000 after acquiring an additional 1,767 shares in the last quarter. 92.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

KOP has been the subject of a number of recent research reports. Singular Research upgraded Koppers from a “hold” rating to a “buy” rating and set a $67.50 target price for the company in a research note on Wednesday, March 13th. Barrington Research restated an “outperform” rating and issued a $64.00 price objective on shares of Koppers in a research note on Friday, May 3rd.

Insider Buying and Selling

In related news, CEO M Leroy Ball sold 5,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $53.51, for a total transaction of $267,550.00. Following the completion of the sale, the chief executive officer now directly owns 323,080 shares of the company’s stock, valued at approximately $17,288,010.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Koppers news, CEO M Leroy Ball sold 5,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $53.51, for a total value of $267,550.00. Following the completion of the sale, the chief executive officer now owns 323,080 shares in the company, valued at approximately $17,288,010.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO James A. Sullivan sold 700 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $54.01, for a total transaction of $37,807.00. Following the completion of the transaction, the chief operating officer now directly 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 in the last three months. Insiders own 6.55% of the company’s stock.

Koppers Price Performance

Shares of KOP stock opened at $44.07 on Wednesday. The company has a debt-to-equity ratio of 1.70, a current ratio of 2.29 and a quick ratio of 1.00. The stock’s fifty day simple moving average is $51.48 and its 200 day simple moving average is $49.48. Koppers Holdings Inc. has a one year low of $28.45 and a one year high of $58.23. The firm has a market cap of $934.28 million, a price-to-earnings ratio of 12.41 and a beta of 1.86.

Koppers (NYSE:KOP) last issued its earnings results on Friday, May 3rd. The specialty chemicals company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. Koppers had a net margin of 3.59% and a return on equity of 17.19%. The company had revenue of $497.60 million for the quarter, compared to the consensus estimate of $497.00 million. During the same quarter in the previous year, the company earned $1.12 EPS. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, analysts expect that Koppers Holdings Inc. will post 4.51 earnings per share for the current fiscal year.

Koppers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 24th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Thursday, May 23rd. Koppers’s payout ratio is currently 7.89%.

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.