Choreo LLC Purchases New Holdings in Koppers Holdings Inc. (NYSE:KOP)

Choreo LLC acquired a new stake in shares of Koppers Holdings Inc. (NYSE:KOP) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 7,208 shares of the specialty chemicals company’s stock, valued at approximately $261,000.

A number of other institutional investors also recently made changes to their positions in KOP. Natixis Advisors LLC bought a new stake in shares of Koppers in the second quarter worth $700,000. nVerses Capital LLC bought a new stake in shares of Koppers in the 2nd quarter worth about $37,000. Innealta Capital LLC acquired a new stake in shares of Koppers in the 2nd quarter valued at about $45,000. Panagora Asset Management Inc. lifted its position in shares of Koppers by 1.2% during the second quarter. Panagora Asset Management Inc. now owns 43,110 shares of the specialty chemicals company’s stock worth $1,595,000 after purchasing an additional 527 shares during the last quarter. Finally, Skylands Capital LLC grew its stake in Koppers by 14.9% in the second quarter. Skylands Capital LLC now owns 38,600 shares of the specialty chemicals company’s stock worth $1,428,000 after purchasing an additional 5,000 shares in the last quarter. 92.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Koppers

In other news, VP Joseph P. Dowd sold 5,516 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $37.72, for a total transaction of $208,063.52. Following the completion of the transaction, the vice president now owns 10,300 shares in the company, valued at $388,516. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.55% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Barrington Research restated an “outperform” rating and set a $64.00 price objective on shares of Koppers in a research note on Monday, August 12th.

Koppers Stock Down 0.6 %

Shares of NYSE:KOP opened at $36.83 on Thursday. The company’s fifty day moving average is $37.64 and its two-hundred day moving average is $43.85. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.12 and a current ratio of 2.53. Koppers Holdings Inc. has a 1-year low of $33.80 and a 1-year high of $58.23. The stock has a market capitalization of $780.80 million, a price-to-earnings ratio of 10.37 and a beta of 1.84.

Koppers (NYSE:KOP) last issued its earnings results on Thursday, August 8th. The specialty chemicals company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.09. The company 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%. Koppers’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.26 earnings per share. Equities analysts anticipate that Koppers Holdings Inc. will post 4.24 EPS for the current year.

Koppers Announces Dividend

The business 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 of this dividend was Friday, August 30th. Koppers’s dividend payout ratio is presently 7.89%.

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.