Koppers Holdings Inc. (NYSE:KOP) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. raised its holdings in shares of Koppers Holdings Inc. (NYSE:KOP) by 36.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,000 shares of the specialty chemicals company’s stock after acquiring an additional 7,500 shares during the quarter. Victory Capital Management Inc. owned approximately 0.14% of Koppers worth $1,023,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its position in shares of Koppers by 3.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,878 shares of the specialty chemicals company’s stock worth $402,000 after acquiring an additional 376 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Koppers by 3.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 10,700 shares of the specialty chemicals company’s stock valued at $396,000 after purchasing an additional 400 shares during the period. Federated Hermes Inc. boosted its position in shares of Koppers by 0.6% in the 2nd quarter. Federated Hermes Inc. now owns 76,772 shares of the specialty chemicals company’s stock valued at $2,840,000 after purchasing an additional 423 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of Koppers by 4.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 10,972 shares of the specialty chemicals company’s stock valued at $406,000 after purchasing an additional 434 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Koppers by 170.4% in the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the specialty chemicals company’s stock valued at $30,000 after purchasing an additional 523 shares during the period. 92.75% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO M Leroy Ball sold 6,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $37.26, for a total transaction of $223,560.00. Following the completion of the transaction, the chief executive officer now directly owns 314,325 shares of the company’s stock, valued at approximately $11,711,749.50. This represents a 1.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen R. Tritch sold 3,533 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $37.08, for a total value of $131,003.64. Following the transaction, the director now directly owns 47,737 shares of the company’s stock, valued at approximately $1,770,087.96. This trade represents a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,533 shares of company stock valued at $544,164. 6.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Barrington Research reissued an “outperform” rating and issued a $64.00 target price on shares of Koppers in a research report on Tuesday, November 12th. Singular Research raised Koppers to a “strong-buy” rating in a research report on Friday, September 20th. Finally, StockNews.com raised Koppers from a “sell” rating to a “hold” rating in a research report on Monday, November 11th.

Koppers Stock Up 0.4 %

Koppers stock opened at $38.46 on Thursday. Koppers Holdings Inc. has a twelve month low of $33.80 and a twelve month high of $58.23. The stock has a 50 day moving average of $36.61 and a two-hundred day moving average of $38.16. The company has a current ratio of 2.54, a quick ratio of 1.13 and a debt-to-equity ratio of 1.83. The stock has a market capitalization of $779.58 million, a price-to-earnings ratio of 10.97 and a beta of 1.84.

Koppers (NYSE:KOP) last posted its quarterly earnings data on Friday, November 8th. The specialty chemicals company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.12. Koppers had a return on equity of 16.71% and a net margin of 3.55%. The company had revenue of $554.30 million during the quarter, compared to analysts’ expectations of $571.80 million. During the same period last year, the firm earned $1.32 EPS. The firm’s revenue for the quarter was up .7% on a year-over-year basis. As a group, research analysts expect that Koppers Holdings Inc. will post 4.24 earnings per share for the current year.

Koppers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, November 29th. This represents a $0.28 dividend on an annualized basis and a yield of 0.73%. Koppers’s payout ratio is 7.95%.

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.