BNP Paribas Financial Markets Decreases Holdings in Koppers Holdings Inc. (NYSE:KOP)

BNP Paribas Financial Markets trimmed its holdings in shares of Koppers Holdings Inc. (NYSE:KOP) by 46.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,397 shares of the specialty chemicals company’s stock after selling 9,201 shares during the period. BNP Paribas Financial Markets’ holdings in Koppers were worth $380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd lifted its holdings in Koppers by 30.8% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 37,671 shares of the specialty chemicals company’s stock worth $1,376,000 after buying an additional 8,871 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Koppers by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 424,871 shares of the specialty chemicals company’s stock worth $15,521,000 after buying an additional 20,586 shares during the last quarter. Foundry Partners LLC purchased a new stake in Koppers during the 3rd quarter worth about $4,022,000. Pzena Investment Management LLC lifted its holdings in Koppers by 91.8% during the 3rd quarter. Pzena Investment Management LLC now owns 770,169 shares of the specialty chemicals company’s stock worth $28,134,000 after buying an additional 368,709 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Koppers during the 3rd quarter worth about $337,000. 92.75% of the stock is owned by hedge funds and other institutional investors.

Koppers Stock Up 0.1 %

Koppers stock opened at $33.81 on Friday. Koppers Holdings Inc. has a fifty-two week low of $33.38 and a fifty-two week high of $58.23. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.13 and a current ratio of 2.54. The company has a market capitalization of $685.33 million, a P/E ratio of 9.61 and a beta of 1.83. The stock has a 50-day simple moving average of $36.59 and a 200-day simple moving average of $37.56.

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

Koppers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Friday, November 29th. Koppers’s dividend payout ratio (DPR) is presently 7.95%.

Insider Activity at Koppers

In related news, CEO M Leroy Ball sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $37.92, for a total value of $189,600.00. Following the transaction, the chief executive officer now owns 315,129 shares in the company, valued at $11,949,691.68. The trade was a 1.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Stephen R. Tritch sold 3,533 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $37.08, for a total value of $131,003.64. Following the transaction, the director now owns 47,737 shares in the company, valued at $1,770,087.96. The trade was a 6.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,533 shares of company stock worth $544,164 in the last quarter. Company insiders own 6.55% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.