Denali Advisors LLC Has $772,000 Stake in Koppers Holdings Inc. (NYSE:KOP)

Denali Advisors LLC cut its holdings in shares of Koppers Holdings Inc. (NYSE:KOP) by 24.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,000 shares of the specialty chemicals company’s stock after selling 4,600 shares during the quarter. Denali Advisors LLC owned about 0.07% of Koppers worth $772,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Ables Iannone Moore & Associates Inc. bought a new stake in Koppers in the 4th quarter valued at $26,000. AJOVista LLC bought a new stake in shares of Koppers in the fourth quarter valued at about $62,000. Hsbc Holdings PLC bought a new stake in shares of Koppers in the third quarter valued at about $223,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Koppers in the fourth quarter valued at about $242,000. Finally, Sequoia Financial Advisors LLC bought a new position in Koppers during the fourth quarter worth about $328,000. Institutional investors own 92.75% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on KOP. Singular Research upgraded shares of Koppers from a “hold” rating to a “buy” rating and set a $67.50 target price on the stock in a research report on Wednesday, March 13th. Barrington Research reiterated an “outperform” rating and issued a $64.00 price target on shares of Koppers in a research note on Tuesday, May 28th.

Insider Buying and Selling at Koppers

In other news, CEO M Leroy Ball sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $43.13, for a total value of $107,825.00. Following the sale, the chief executive officer now directly owns 321,008 shares in the company, valued at approximately $13,845,075.04. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 7,500 shares of company stock worth $319,850 over the last 90 days. Insiders own 6.55% of the company’s stock.

Koppers Trading Down 0.3 %

KOP opened at $36.77 on Thursday. The company has a quick ratio of 1.00, a current ratio of 2.29 and a debt-to-equity ratio of 1.70. Koppers Holdings Inc. has a twelve month low of $32.68 and a twelve month high of $58.23. The stock has a market capitalization of $779.52 million, a price-to-earnings ratio of 10.36 and a beta of 1.85. The company has a 50-day simple moving average of $42.89 and a 200 day simple moving average of $48.90.

Koppers (NYSE:KOP) last issued its quarterly earnings results on Friday, May 3rd. The specialty chemicals company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Koppers had a net margin of 3.59% and a return on equity of 17.19%. The company had revenue of $497.60 million during the quarter, compared to the consensus estimate of $497.00 million. During the same quarter in the prior year, the firm posted $1.12 EPS. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. Analysts predict that Koppers Holdings Inc. will post 4.51 EPS for the current fiscal year.

Koppers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 24th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Thursday, May 23rd. Koppers’s dividend payout ratio (DPR) is presently 7.89%.

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.