Cwm LLC Buys 738 Shares of Koppers Holdings Inc. (NYSE:KOP)

Cwm LLC increased its stake in shares of Koppers Holdings Inc. (NYSE:KOP) by 47.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,296 shares of the specialty chemicals company’s stock after acquiring an additional 738 shares during the quarter. Cwm LLC’s holdings in Koppers were worth $84,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of Koppers by 170.4% during the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the specialty chemicals company’s stock valued at $30,000 after buying an additional 523 shares in the last quarter. nVerses Capital LLC purchased a new position in shares of Koppers during the 2nd quarter worth about $37,000. Innealta Capital LLC purchased a new stake in Koppers in the 2nd quarter worth about $45,000. SG Americas Securities LLC purchased a new position in shares of Koppers during the first quarter valued at approximately $136,000. Finally, Point72 DIFC Ltd bought a new stake in shares of Koppers during the 2nd quarter worth approximately $96,000. Hedge funds and other institutional investors own 92.75% of the company’s stock.

Koppers Price Performance

NYSE:KOP opened at $34.33 on Friday. The company has a quick ratio of 1.12, a current ratio of 2.53 and a debt-to-equity ratio of 1.92. Koppers Holdings Inc. has a 52 week low of $33.80 and a 52 week high of $58.23. The stock’s 50-day moving average price is $37.03 and its 200-day moving average price is $40.46. The stock has a market capitalization of $704.45 million, a PE ratio of 9.41 and a beta of 1.84.

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

Koppers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend was Friday, August 30th. Koppers’s dividend payout ratio is presently 7.67%.

Insiders Place Their Bets

In related news, VP Joseph P. Dowd sold 5,516 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were 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 approximately $388,516. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 6.55% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Singular Research raised shares of Koppers to a “strong-buy” rating in a research report on Friday, September 20th. Barrington Research restated an “outperform” rating and set a $64.00 price target on shares of Koppers in a research note 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.