Sanctuary Advisors LLC Purchases Shares of 15,342 Koppers Holdings Inc. (NYSE:KOP)

Sanctuary Advisors LLC purchased a new position in Koppers Holdings Inc. (NYSE:KOP) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,342 shares of the specialty chemicals company’s stock, valued at approximately $568,000. Sanctuary Advisors LLC owned approximately 0.07% of Koppers as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. nVerses Capital LLC purchased a new position in shares of Koppers during the second quarter valued at about $37,000. Innealta Capital LLC bought a new stake in shares of Koppers during the 2nd quarter worth approximately $45,000. CWM LLC boosted its stake in shares of Koppers by 237.2% during the second quarter. CWM LLC now owns 1,558 shares of the specialty chemicals company’s stock valued at $58,000 after purchasing an additional 1,096 shares during the period. Point72 DIFC Ltd bought a new stake in shares of Koppers during the second quarter valued at approximately $96,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Koppers by 33.7% in the 2nd quarter. SG Americas Securities LLC now owns 3,298 shares of the specialty chemicals company’s stock worth $122,000 after buying an additional 831 shares during the period. Institutional investors own 92.75% of the company’s stock.

Insider Buying and Selling at Koppers

In other news, VP Joseph P. Dowd sold 5,516 shares of Koppers stock in a transaction on Monday, August 19th. The stock was sold at an average price of $37.72, for a total value 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 6.55% of the company’s stock.

Koppers Trading Up 0.0 %

KOP stock opened at $36.91 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 2.53 and a debt-to-equity ratio of 1.92. The firm has a market cap of $782.49 million, a P/E ratio of 10.40 and a beta of 1.84. The company’s 50-day simple moving average is $37.08 and its 200-day simple moving average is $41.45. Koppers Holdings Inc. has a 52-week low of $33.80 and a 52-week high of $58.23.

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

Koppers Dividend Announcement

The company 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. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.28 annualized dividend and a dividend yield of 0.76%. Koppers’s dividend payout ratio (DPR) is 7.89%.

Analyst Upgrades and Downgrades

KOP has been the topic of several recent research reports. Barrington Research reaffirmed an “outperform” rating and set a $64.00 target price on shares of Koppers in a research report on Monday, August 12th. Singular Research raised shares of Koppers to a “strong-buy” rating in a research 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.