Koppers Holdings Inc. (NYSE:KOP) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. lifted its holdings in Koppers Holdings Inc. (NYSE:KOP) by 13.8% during the second quarter, Holdings Channel reports. The fund owned 39,179 shares of the specialty chemicals company’s stock after buying an additional 4,754 shares during the quarter. American Century Companies Inc.’s holdings in Koppers were worth $1,449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Acadian Asset Management LLC grew its stake in shares of Koppers by 91.7% during the 1st quarter. Acadian Asset Management LLC now owns 119,691 shares of the specialty chemicals company’s stock worth $6,601,000 after purchasing an additional 57,252 shares during the period. Sei Investments Co. boosted its holdings in Koppers by 78.6% during the first quarter. Sei Investments Co. now owns 65,018 shares of the specialty chemicals company’s stock worth $3,587,000 after buying an additional 28,605 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Koppers by 37.1% during the second quarter. Assenagon Asset Management S.A. now owns 132,016 shares of the specialty chemicals company’s stock valued at $4,883,000 after buying an additional 35,741 shares during the period. Hennessy Advisors Inc. purchased a new position in Koppers in the second quarter valued at $5,671,000. Finally, Natixis Advisors LLC acquired a new position in shares of Koppers in the second quarter worth about $700,000. Hedge funds and other institutional investors own 92.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on KOP shares. Singular Research upgraded Koppers to a “strong-buy” rating in a research report on Friday, September 20th. Barrington Research reissued an “outperform” rating and issued a $64.00 price objective on shares of Koppers in a report on Monday, August 12th.

Koppers Stock Down 0.1 %

KOP stock opened at $37.01 on Monday. The stock has a market capitalization of $784.61 million, a P/E ratio of 10.43 and a beta of 1.84. Koppers Holdings Inc. has a 52 week low of $33.80 and a 52 week high of $58.23. The firm has a 50-day simple moving average of $37.54 and a 200-day simple moving average of $42.93. The company has a quick ratio of 1.12, a current ratio of 2.53 and a debt-to-equity ratio of 1.92.

Koppers (NYSE:KOP) last released its earnings results on Thursday, August 8th. The specialty chemicals company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.09. Koppers had a return on equity of 17.16% and a net margin of 3.72%. The business had revenue of $563.20 million for the quarter, compared to the consensus estimate of $589.17 million. During the same quarter last year, the business posted $1.26 earnings per share. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. Equities analysts forecast that Koppers Holdings Inc. will post 4.05 earnings per share for the current fiscal year.

Koppers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Friday, August 30th. Koppers’s dividend payout ratio is currently 7.89%.

Insider Buying and Selling

In other Koppers news, VP Joseph P. Dowd sold 5,516 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $37.72, for a total value of $208,063.52. Following the transaction, the vice president now directly owns 10,300 shares of the company’s stock, valued at approximately $388,516. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 6.55% of the stock is currently owned by company insiders.

Koppers Company 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.