Koppers Holdings Inc. (NYSE:KOP) Shares Acquired by Cwm LLC

Cwm LLC grew its holdings in shares of Koppers Holdings Inc. (NYSE:KOP) by 47.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,296 shares of the specialty chemicals company’s stock after buying an additional 738 shares during the period. Cwm LLC’s holdings in Koppers were worth $84,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Texas Permanent School Fund Corp grew its stake in shares of Koppers by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 18,224 shares of the specialty chemicals company’s stock worth $1,005,000 after purchasing an additional 236 shares during the period. Illinois Municipal Retirement Fund increased its holdings in Koppers by 2.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 12,767 shares of the specialty chemicals company’s stock valued at $704,000 after acquiring an additional 302 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Koppers by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 10,878 shares of the specialty chemicals company’s stock worth $402,000 after acquiring an additional 376 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Koppers by 3.9% in the second quarter. Louisiana State Employees Retirement System now owns 10,700 shares of the specialty chemicals company’s stock valued at $396,000 after purchasing an additional 400 shares in the last quarter. Finally, Federated Hermes Inc. increased its stake in shares of Koppers by 0.6% during the 2nd quarter. Federated Hermes Inc. now owns 76,772 shares of the specialty chemicals company’s stock worth $2,840,000 after purchasing an additional 423 shares in the last quarter. 92.75% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Koppers

In related news, VP Joseph P. Dowd sold 5,516 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $37.72, for a total transaction of $208,063.52. Following the completion of the sale, the vice president now directly owns 10,300 shares of the company’s stock, valued at approximately $388,516. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.55% of the company’s stock.

Koppers Stock Down 1.2 %

Shares of NYSE:KOP opened at $34.33 on Friday. Koppers Holdings Inc. has a 12-month low of $33.80 and a 12-month high of $58.23. The stock’s 50-day moving average price is $37.03 and its two-hundred day moving average price is $40.46. The company has a current ratio of 2.53, a quick ratio of 1.12 and a debt-to-equity ratio of 1.92. The firm has a market cap of $704.45 million, a price-to-earnings ratio of 9.41 and a beta of 1.84.

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

Koppers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a dividend of $0.07 per share. The ex-dividend date was Friday, August 30th. This represents a $0.28 dividend on an annualized basis and a yield of 0.82%. Koppers’s dividend payout ratio (DPR) is 7.67%.

Analysts Set New Price Targets

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

About Koppers

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.