Public Sector Pension Investment Board Purchases 3,417 Shares of Koppers Holdings Inc. (NYSE:KOP)

Public Sector Pension Investment Board boosted its position in Koppers Holdings Inc. (NYSE:KOP) by 7.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,627 shares of the specialty chemicals company’s stock after acquiring an additional 3,417 shares during the period. Public Sector Pension Investment Board’s holdings in Koppers were worth $1,725,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in KOP. Campbell & CO Investment Adviser LLC bought a new position in Koppers in the fourth quarter valued at about $772,000. Ables Iannone Moore & Associates Inc. bought a new position in Koppers during the fourth quarter worth about $26,000. Quadrature Capital Ltd boosted its holdings in Koppers by 1.7% during the fourth quarter. Quadrature Capital Ltd now owns 15,379 shares of the specialty chemicals company’s stock worth $788,000 after buying an additional 251 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Koppers by 35.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 122,113 shares of the specialty chemicals company’s stock worth $6,737,000 after buying an additional 32,191 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Koppers by 10.5% during the first quarter. Principal Financial Group Inc. now owns 472,831 shares of the specialty chemicals company’s stock worth $26,086,000 after buying an additional 45,003 shares during the last quarter. Institutional investors own 92.75% of the company’s stock.

Insider Transactions at Koppers

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

Analyst Upgrades and Downgrades

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

Koppers Trading Down 1.3 %

NYSE KOP opened at $36.53 on Tuesday. The firm has a market cap of $774.44 million, a P/E ratio of 10.29 and a beta of 1.84. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.53 and a quick ratio of 1.12. The stock’s 50-day moving average is $37.49 and its 200-day moving average is $42.82. Koppers Holdings Inc. has a one year low of $33.80 and a one year high of $58.23.

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

Koppers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Friday, August 30th. Koppers’s dividend payout ratio is currently 7.89%.

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.