Koppers Holdings Inc. (NYSE:KOP) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp lowered its stake in Koppers Holdings Inc. (NYSE:KOP) by 13.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,000 shares of the specialty chemicals company’s stock after selling 1,455 shares during the period. Hancock Whitney Corp’s holdings in Koppers were worth $333,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in Koppers by 7.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,180,134 shares of the specialty chemicals company’s stock worth $60,448,000 after buying an additional 82,741 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in Koppers in the fourth quarter valued at about $242,000. Campbell & CO Investment Adviser LLC acquired a new stake in Koppers in the fourth quarter valued at about $772,000. Ables Iannone Moore & Associates Inc. acquired a new position in Koppers during the 4th quarter worth approximately $26,000. Finally, Quadrature Capital Ltd raised its stake in shares of Koppers by 1.7% during the 4th quarter. Quadrature Capital Ltd now owns 15,379 shares of the specialty chemicals company’s stock worth $788,000 after buying an additional 251 shares in the last quarter. 92.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Koppers

In other news, VP Joseph P. Dowd sold 5,516 shares of the company’s 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 sale, the vice president now directly owns 10,300 shares in the company, valued at $388,516. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Barrington Research reaffirmed an “outperform” rating and set a $64.00 price objective on shares of Koppers in a report on Monday, August 12th. Singular Research raised shares of Koppers to a “strong-buy” rating in a report on Friday.

Koppers Stock Down 0.1 %

KOP opened at $36.46 on Tuesday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.12 and a current ratio of 2.53. The company has a market cap of $772.95 million, a price-to-earnings ratio of 10.27 and a beta of 1.84. Koppers Holdings Inc. has a one year low of $33.80 and a one year high of $58.23. The business’s fifty day moving average is $37.69 and its two-hundred day moving average is $43.39.

Koppers (NYSE:KOP) last issued its quarterly earnings data 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. The firm had revenue of $563.20 million for the quarter, compared to analysts’ expectations of $589.17 million. Koppers had a net margin of 3.72% and a return on equity of 17.16%. The firm’s revenue was down 2.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.26 EPS. Analysts anticipate that Koppers Holdings Inc. will post 4.24 EPS for the current fiscal year.

Koppers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Friday, August 30th. Koppers’s payout ratio is currently 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.