2,606 Shares in Koppers Holdings Inc. (NYSE:KOP) Acquired by Point72 DIFC Ltd

Point72 DIFC Ltd purchased a new position in shares of Koppers Holdings Inc. (NYSE:KOP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,606 shares of the specialty chemicals company’s stock, valued at approximately $96,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Koppers in the 4th quarter valued at $26,000. nVerses Capital LLC acquired a new position in shares of Koppers during the 2nd quarter worth about $37,000. Innealta Capital LLC purchased a new position in shares of Koppers in the 2nd quarter valued at about $45,000. CWM LLC raised its position in shares of Koppers by 237.2% during the 2nd quarter. CWM LLC now owns 1,558 shares of the specialty chemicals company’s stock worth $58,000 after acquiring an additional 1,096 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Koppers by 33.7% in the second quarter. SG Americas Securities LLC now owns 3,298 shares of the specialty chemicals company’s stock valued at $122,000 after purchasing an additional 831 shares in the last quarter. 92.75% of the stock is currently owned by hedge funds and other institutional investors.

Koppers Price Performance

Shares of NYSE:KOP opened at $36.70 on Wednesday. The business’s 50 day simple moving average is $37.44 and its 200-day simple moving average is $42.71. The firm has a market capitalization of $778.04 million, a price-to-earnings ratio of 10.34 and a beta of 1.84. Koppers Holdings Inc. has a 12 month low of $33.80 and a 12 month high of $58.23. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.53 and a quick ratio of 1.12.

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

Koppers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.28 annualized dividend and a yield of 0.76%. Koppers’s dividend payout ratio is currently 7.89%.

Insider Activity

In other news, VP Joseph P. Dowd sold 5,516 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $37.72, for a total transaction of $208,063.52. Following the transaction, the vice president now directly owns 10,300 shares of the company’s stock, valued at $388,516. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 6.55% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on KOP. Singular Research raised shares of Koppers to a “strong-buy” rating in a research report on Friday, September 20th. Barrington Research reaffirmed an “outperform” rating and issued a $64.00 target price on shares of Koppers in a report on Monday, August 12th.

Koppers 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.