Koppers Holdings Inc. (NYSE:KOP) Shares Acquired by KBC Group NV

KBC Group NV boosted its position in Koppers Holdings Inc. (NYSE:KOP) by 83.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,204 shares of the specialty chemicals company’s stock after purchasing an additional 549 shares during the period. KBC Group NV’s holdings in Koppers were worth $44,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its holdings in shares of Koppers by 36.6% in the 3rd quarter. Victory Capital Management Inc. now owns 28,000 shares of the specialty chemicals company’s stock valued at $1,023,000 after buying an additional 7,500 shares during the period. Principal Financial Group Inc. raised its position in Koppers by 20.7% in the third quarter. Principal Financial Group Inc. now owns 568,787 shares of the specialty chemicals company’s stock worth $20,778,000 after acquiring an additional 97,586 shares in the last quarter. CWM LLC lifted its holdings in Koppers by 47.4% in the third quarter. CWM LLC now owns 2,296 shares of the specialty chemicals company’s stock valued at $84,000 after acquiring an additional 738 shares during the period. GAMMA Investing LLC boosted its position in shares of Koppers by 170.4% during the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 523 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Koppers by 186.7% during the 3rd quarter. SG Americas Securities LLC now owns 9,456 shares of the specialty chemicals company’s stock worth $345,000 after purchasing an additional 6,158 shares in the last quarter. Hedge funds and other institutional investors own 92.75% of the company’s stock.

Koppers Price Performance

Shares of NYSE KOP opened at $38.24 on Friday. The company has a current ratio of 2.54, a quick ratio of 1.13 and a debt-to-equity ratio of 1.83. The company’s 50-day moving average price is $36.55 and its 200 day moving average price is $38.28. Koppers Holdings Inc. has a 52 week low of $33.80 and a 52 week high of $58.23. The stock has a market cap of $775.12 million, a price-to-earnings ratio of 10.86 and a beta of 1.84.

Koppers (NYSE:KOP) last released its quarterly earnings results on Friday, November 8th. The specialty chemicals company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.25 by $0.12. Koppers had a net margin of 3.55% and a return on equity of 16.71%. The business had revenue of $554.30 million for the quarter, compared to analyst estimates of $571.80 million. During the same period in the prior year, the business earned $1.32 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. As a group, research analysts forecast that Koppers Holdings Inc. will post 4.24 earnings per share for the current fiscal year.

Koppers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a $0.07 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.28 annualized dividend and a dividend yield of 0.73%. Koppers’s dividend payout ratio is currently 7.95%.

Wall Street Analyst Weigh In

KOP has been the subject of several recent analyst reports. Singular Research upgraded shares of Koppers to a “strong-buy” rating in a research note on Friday, September 20th. StockNews.com raised Koppers from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Barrington Research restated an “outperform” rating and issued a $64.00 price target on shares of Koppers in a report on Tuesday, November 12th.

Insider Activity at Koppers

In other news, CEO M Leroy Ball sold 6,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $37.26, for a total transaction of $223,560.00. Following the sale, the chief executive officer now owns 314,325 shares in the company, valued at $11,711,749.50. This trade represents a 1.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen R. Tritch sold 3,533 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $37.08, for a total value of $131,003.64. Following the completion of the transaction, the director now owns 47,737 shares of the company’s stock, valued at $1,770,087.96. The trade was a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,533 shares of company stock valued at $544,164 over the last quarter. Insiders own 6.55% of the company’s stock.

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.