Koppers Holdings Inc. (NYSE:KOP) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its position in Koppers Holdings Inc. (NYSE:KOP) by 186.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,456 shares of the specialty chemicals company’s stock after buying an additional 6,158 shares during the quarter. SG Americas Securities LLC’s holdings in Koppers were worth $345,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. nVerses Capital LLC acquired a new stake in shares of Koppers in the second quarter valued at $37,000. Innealta Capital LLC acquired a new stake in shares of Koppers in the second quarter valued at $45,000. CWM LLC lifted its holdings 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 last quarter. Point72 DIFC Ltd purchased a new stake in shares of Koppers during the second quarter valued at $96,000. Finally, ProShare Advisors LLC purchased a new stake in shares of Koppers during the first quarter valued at $225,000. Institutional investors and hedge funds own 92.75% of the company’s stock.

Koppers Stock Down 2.2 %

NYSE:KOP opened at $37.03 on Friday. The firm has a market capitalization of $785.04 million, a price-to-earnings ratio of 10.43 and a beta of 1.84. Koppers Holdings Inc. has a 1-year low of $33.80 and a 1-year high of $58.23. The company has a current ratio of 2.53, a quick ratio of 1.12 and a debt-to-equity ratio of 1.92. The business’s fifty day moving average price is $37.20 and its 200 day moving average price is $41.28.

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

Koppers Dividend Announcement

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

Insiders Place Their Bets

In other Koppers news, VP Joseph P. Dowd sold 5,516 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $37.72, for a total value 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 6.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KOP. Barrington Research reaffirmed an “outperform” rating and set a $64.00 target price on shares of Koppers in a report on Monday, August 12th. Singular Research raised Koppers to a “strong-buy” rating in a 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.