Harbor Capital Advisors Inc. Has $312,000 Stock Holdings in Koppers Holdings Inc. (NYSE:KOP)

Harbor Capital Advisors Inc. lowered its holdings in shares of Koppers Holdings Inc. (NYSE:KOP) by 4.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,627 shares of the specialty chemicals company’s stock after selling 456 shares during the period. Harbor Capital Advisors Inc.’s holdings in Koppers were worth $312,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in KOP. Jane Street Group LLC grew its holdings in Koppers by 128.7% in the third quarter. Jane Street Group LLC now owns 60,542 shares of the specialty chemicals company’s stock worth $2,212,000 after purchasing an additional 34,074 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Koppers by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 424,871 shares of the specialty chemicals company’s stock worth $15,521,000 after purchasing an additional 20,586 shares in the last quarter. Barclays PLC grew its stake in shares of Koppers by 356.9% in the 3rd quarter. Barclays PLC now owns 36,941 shares of the specialty chemicals company’s stock valued at $1,350,000 after buying an additional 28,855 shares during the period. Principal Financial Group Inc. increased its position in Koppers by 20.7% in the 3rd quarter. Principal Financial Group Inc. now owns 568,787 shares of the specialty chemicals company’s stock valued at $20,778,000 after buying an additional 97,586 shares in the last quarter. Finally, Foundry Partners LLC acquired a new position in Koppers during the 3rd quarter worth approximately $4,022,000. 92.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Koppers Price Performance

KOP opened at $30.83 on Wednesday. Koppers Holdings Inc. has a 1 year low of $29.25 and a 1 year high of $58.23. The company has a debt-to-equity ratio of 1.83, a current ratio of 2.54 and a quick ratio of 1.13. The company has a market capitalization of $624.89 million, a price-to-earnings ratio of 8.76 and a beta of 1.86. The firm’s fifty day moving average price is $34.79 and its two-hundred day moving average price is $36.17.

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

Koppers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.28 dividend on an annualized basis and a yield of 0.91%. Koppers’s dividend payout ratio (DPR) is currently 7.95%.

Insiders Place Their Bets

In other news, CEO M Leroy Ball sold 6,000 shares of the company’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 transaction, the chief executive officer now owns 314,325 shares of the company’s stock, valued at $11,711,749.50. This represents a 1.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen R. Tritch sold 3,533 shares of Koppers stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $37.08, for a total value of $131,003.64. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,533 shares of company stock valued at $544,164. Insiders own 6.55% of the company’s stock.

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.