BNP Paribas Financial Markets Decreases Stock Position in Koppers Holdings Inc. (NYSE:KOP)

BNP Paribas Financial Markets lessened its position in Koppers Holdings Inc. (NYSE:KOP) by 46.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,397 shares of the specialty chemicals company’s stock after selling 9,201 shares during the quarter. BNP Paribas Financial Markets owned about 0.05% of Koppers worth $380,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in Koppers by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,187,926 shares of the specialty chemicals company’s stock worth $43,942,000 after buying an additional 18,469 shares in the last quarter. Pzena Investment Management LLC lifted its position in Koppers by 91.8% during the third quarter. Pzena Investment Management LLC now owns 770,169 shares of the specialty chemicals company’s stock worth $28,134,000 after buying an additional 368,709 shares in the last quarter. Principal Financial Group Inc. lifted its position in Koppers by 20.7% during the third quarter. Principal Financial Group Inc. now owns 568,787 shares of the specialty chemicals company’s stock worth $20,778,000 after buying an additional 97,586 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Koppers by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 424,871 shares of the specialty chemicals company’s stock worth $15,521,000 after buying an additional 20,586 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Koppers by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 221,207 shares of the specialty chemicals company’s stock worth $8,182,000 after buying an additional 3,402 shares in the last quarter. Hedge funds and other institutional investors own 92.75% of the company’s stock.

Insider Activity

In related news, CEO M Leroy Ball sold 6,000 shares of the business’s stock in a transaction 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 $11,711,749.50. The trade was a 1.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephen R. Tritch sold 3,533 shares of the business’s stock in a transaction 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 $1,770,087.96. The trade was a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,533 shares of company stock valued at $544,164. 6.55% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on KOP shares. Barrington Research reiterated an “outperform” rating and set a $64.00 price objective on shares of Koppers in a research report on Tuesday, November 12th. StockNews.com upgraded Koppers from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Singular Research raised Koppers to a “strong-buy” rating in a research note on Friday, September 20th.

Koppers Price Performance

KOP stock opened at $33.81 on Friday. The business has a fifty day moving average of $36.59 and a two-hundred day moving average of $37.56. The company has a quick ratio of 1.13, a current ratio of 2.54 and a debt-to-equity ratio of 1.83. The stock has a market cap of $685.33 million, a price-to-earnings ratio of 9.61 and a beta of 1.83. Koppers Holdings Inc. has a 52-week low of $33.38 and a 52-week high of $58.23.

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

Koppers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.07 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.83%. Koppers’s payout ratio is presently 7.95%.

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.