Swiss National Bank Decreases Position in Koppers Holdings Inc. (NYSE:KOP)

Swiss National Bank lessened its stake in Koppers Holdings Inc. (NYSE:KOP) by 10.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,200 shares of the specialty chemicals company’s stock after selling 4,600 shares during the quarter. Swiss National Bank owned approximately 0.20% of Koppers worth $2,110,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of KOP. Rubric Capital Management LP lifted its position in shares of Koppers by 6.9% during 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. lifted its holdings in Koppers by 29.2% during the third 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 last quarter. Assenagon Asset Management S.A. boosted its position 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 purchasing an additional 94,732 shares during the period. Federated Hermes Inc. increased 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 worth $3,792,000 after purchasing an additional 1,047 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Koppers by 41.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 89,922 shares of the specialty chemicals company’s stock valued at $4,606,000 after purchasing an additional 26,195 shares during the period. 92.75% of the stock is owned by institutional investors.

Insider Buying and Selling

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 stock was sold at an average price of $53.51, for a total transaction of $267,550.00. Following the sale, the chief executive officer now owns 323,080 shares in the company, valued at $17,288,010.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Joseph P. Dowd sold 3,488 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $53.61, for a total value of $186,991.68. Following the completion of the sale, the vice president now owns 36,969 shares of the company’s stock, valued at approximately $1,981,908.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO M Leroy Ball sold 5,000 shares of Koppers 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 transaction, the chief executive officer now owns 323,080 shares in the company, valued at approximately $17,288,010.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,591 shares of company stock worth $1,700,094. Corporate insiders own 6.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Barrington Research reiterated an “outperform” rating and issued a $64.00 price objective on shares of Koppers in a research note on Friday, May 3rd. Singular Research raised Koppers from a “hold” rating to a “buy” rating and set a $67.50 price objective on the stock in a report on Wednesday, March 13th.

Koppers Stock Down 0.7 %

Shares of NYSE:KOP opened at $42.90 on Friday. The company has a market cap of $909.48 million, a price-to-earnings ratio of 12.08 and a beta of 1.86. Koppers Holdings Inc. has a one year low of $28.45 and a one year high of $58.23. The firm has a fifty day moving average price of $50.90 and a two-hundred day moving average price of $49.44. The company has a debt-to-equity ratio of 1.70, a current ratio of 2.29 and a quick ratio of 1.00.

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

Koppers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 24th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date is Thursday, May 23rd. Koppers’s dividend 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.