Dynamic Technology Lab Private Ltd Increases Stake in Koppers Holdings Inc. (NYSE:KOP)

Dynamic Technology Lab Private Ltd grew its position in Koppers Holdings Inc. (NYSE:KOP) by 30.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 37,671 shares of the specialty chemicals company’s stock after buying an additional 8,871 shares during the period. Dynamic Technology Lab Private Ltd owned approximately 0.19% of Koppers worth $1,376,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KOP. Dimensional Fund Advisors LP boosted its position in shares of 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 valued at $43,942,000 after buying an additional 18,469 shares during the last quarter. Pzena Investment Management LLC lifted its stake in Koppers by 91.8% during the 3rd quarter. Pzena Investment Management LLC now owns 770,169 shares of the specialty chemicals company’s stock valued at $28,134,000 after acquiring an additional 368,709 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Koppers by 20.7% during 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 acquiring an additional 97,586 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Koppers by 5.1% in 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 during the period. Finally, Bank of New York Mellon Corp raised its stake in Koppers by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 221,207 shares of the specialty chemicals company’s stock valued at $8,182,000 after buying an additional 3,402 shares during the last quarter. Institutional investors own 92.75% of the company’s stock.

Insider Activity

In other Koppers news, Director Stephen R. Tritch sold 3,533 shares of the 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 completion of the sale, the director now owns 47,737 shares in the company, valued at approximately $1,770,087.96. This represents a 6.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO M Leroy Ball sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $37.92, for a total value of $189,600.00. Following the sale, the chief executive officer now directly owns 315,129 shares in the company, valued at approximately $11,949,691.68. This represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,533 shares of company stock worth $544,164 in the last three months. Company insiders own 6.55% of the company’s stock.

Koppers Trading Down 1.9 %

NYSE:KOP opened at $38.29 on Wednesday. The firm has a market capitalization of $776.10 million, a price-to-earnings ratio of 10.88 and a beta of 1.84. 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 business has a fifty day moving average price of $36.59 and a 200-day moving average price of $38.20. Koppers Holdings Inc. has a one year low of $33.80 and a one year high of $58.23.

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

Koppers Dividend Announcement

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

Analysts Set New Price Targets

KOP has been the topic of a number of research reports. StockNews.com upgraded Koppers from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Barrington Research restated an “outperform” rating and set a $64.00 price target on shares of Koppers in a research note on Tuesday, November 12th. Finally, Singular Research raised shares of Koppers to a “strong-buy” rating in a research report on Friday, September 20th.

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.