1 week Ago By Defense World Staff
KLP Kapitalforvaltning AS acquired a new stake in shares of Koppers Holdings Inc. (NYSE:KOP – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,200 shares of the specialty chemicals company’s stock, valued at approximately $136,000.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Pzena Investment Management LLC grew its position in Koppers by 18.0% during the fourth quarter.
Pzena Investment Management LLC now owns 908,772 shares of the specialty chemicals company’s stock valued at $29,444,000 after buying an additional 138,603 shares during the period. Principal Financial Group Inc. lifted its position in Koppers by 20.
7% during the third quarter. Principal Financial Group Inc. now owns 568,787 shares of the specialty chemicals company’s stock valued at $20,778,000 after purchasing an additional 97,586 shares in the last quarter.
Bank of New York Mellon Corp increased its position in Koppers by 0.8% in the fourth quarter. Bank of New York Mellon Corp now owns 201,557 shares of the specialty chemicals company’s stock worth $6,530,000 after buying an additional 1,596 shares in the last quarter.
Hennessy Advisors Inc. lifted its position in shares of Koppers by 6.8% during the 4th quarter.
Hennessy Advisors Inc. now owns 184,500 shares of the specialty chemicals company’s stock valued at $5,978,000 after buying an additional 11,800 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in Koppers by 5.
1% in the 4th quarter. Empowered Funds LLC now owns 107,819 shares of the specialty chemicals company’s stock worth $3,493,000 after acquiring an additional 5,233 shares in the last quarter. 92.
75% of the stock is owned by hedge funds and other institutional investors. Koppers Stock Up 8.9 %NYSE KOP opened at $25.
60 on Thursday. The company has a market capitalization of $524.44 million, a P/E ratio of 7.
27 and a beta of 1.50. The stock has a 50 day moving average price of $28.
85 and a 200-day moving average price of $32.64. The company has a debt-to-equity ratio of 1.
83, a quick ratio of 1.13 and a current ratio of 2.54.
Koppers Holdings Inc. has a one year low of $22.99 and a one year high of $56.
74. Koppers (NYSE:KOP – Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The specialty chemicals company reported $0.
77 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.18).
The company had revenue of $477.00 million for the quarter, compared to the consensus estimate of $497.00 million.
Koppers had a return on equity of 16.71% and a net margin of 3.55%.
As a group, equities analysts predict that Koppers Holdings Inc. will post 4.24 EPS for the current fiscal year.
Koppers declared that its board has approved a share repurchase plan on Thursday, February 27th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the specialty chemicals company to reacquire up to 16.
7% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued. Koppers Increases DividendThe company also recently declared a quarterly dividend, which was paid on Monday, March 24th.
Investors of record on Friday, March 7th were issued a dividend of $0.08 per share. This represents a $0.
32 annualized dividend and a yield of 1.25%. This is an increase from Koppers’s previous quarterly dividend of $0.
07. The ex-dividend date of this dividend was Friday, March 7th. Koppers’s dividend payout ratio is presently 13.
17%. Analysts Set New Price TargetsSeveral brokerages have recently commented on KOP. StockNews.
com upgraded shares of Koppers from a “sell” rating to a “hold” rating in a research report on Saturday, March 22nd. Barrington Research reiterated an “outperform” rating and set a $64.00 price objective on shares of Koppers in a research report on Monday, February 24th.
Get Our Latest Research Report on KOPKoppers Company Profile (Free Report)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.Recommended StoriesFive stocks we like better than Koppers3 Healthcare Dividend Stocks to BuyQuantum Computing: The $6.
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