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

Victory Capital Management Inc. boosted its stake in shares of Koppers Holdings Inc. (NYSE:KOP) by 9.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,600 shares of the specialty chemicals company’s stock after purchasing an additional 2,600 shares during the quarter. Victory Capital Management Inc. owned approximately 0.15% of Koppers worth $991,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new position in Koppers during the 3rd quarter valued at approximately $37,000. KBC Group NV boosted its position in Koppers by 83.8% during the 3rd quarter. KBC Group NV now owns 1,204 shares of the specialty chemicals company’s stock worth $44,000 after acquiring an additional 549 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its position in Koppers by 277.2% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,520 shares of the specialty chemicals company’s stock worth $56,000 after acquiring an additional 1,117 shares during the period. US Bancorp DE boosted its position in Koppers by 145.1% during the 4th quarter. US Bancorp DE now owns 2,027 shares of the specialty chemicals company’s stock worth $66,000 after acquiring an additional 1,200 shares during the period. Finally, R Squared Ltd acquired a new position in Koppers during the 4th quarter worth $69,000. Institutional investors and hedge funds own 92.75% of the company’s stock.

Koppers Trading Up 2.0 %

Shares of Koppers stock opened at $29.80 on Friday. 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 firm has a market cap of $610.48 million, a price-to-earnings ratio of 8.47 and a beta of 1.74. The business has a fifty day simple moving average of $30.25 and a 200-day simple moving average of $33.79. Koppers Holdings Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $56.96.

Koppers (NYSE:KOP) last announced its quarterly earnings data on Thursday, February 27th. The specialty chemicals company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.18). The firm had revenue of $477.00 million during the quarter, compared to analyst estimates of $497.00 million. Koppers had a net margin of 3.55% and a return on equity of 16.71%. On average, equities analysts forecast that Koppers Holdings Inc. will post 4.24 EPS for the current fiscal year.

Koppers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 7th will be issued a $0.08 dividend. This is a positive change from Koppers’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.32 annualized dividend and a dividend yield of 1.07%. Koppers’s dividend payout ratio is 13.17%.

Koppers announced that its Board of Directors has authorized a stock buyback plan on Thursday, February 27th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the specialty chemicals company to reacquire up to 16.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on KOP shares. StockNews.com upgraded Koppers from a “sell” rating to a “hold” rating in a research report on Thursday, March 13th. Barrington Research reiterated an “outperform” rating and set a $64.00 price target on shares of Koppers in a research report on Monday, February 24th.

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.