DGS Capital Management LLC Sells 646 Shares of Koppers Holdings Inc. (NYSE:KOP)

DGS Capital Management LLC trimmed its holdings in Koppers Holdings Inc. (NYSE:KOP) by 6.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,009 shares of the specialty chemicals company’s stock after selling 646 shares during the quarter. DGS Capital Management LLC’s holdings in Koppers were worth $329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of KOP. Pzena Investment Management LLC raised its stake 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 valued at $28,134,000 after buying an additional 368,709 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Koppers by 586.8% during the second quarter. Millennium Management LLC now owns 196,704 shares of the specialty chemicals company’s stock valued at $7,276,000 after acquiring an additional 168,063 shares in the last quarter. Hennessy Advisors Inc. purchased a new position in shares of Koppers in the 2nd quarter worth about $5,671,000. Foundry Partners LLC bought a new position in Koppers in the 3rd quarter worth about $4,022,000. Finally, Principal Financial Group Inc. boosted its stake 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 worth $20,778,000 after purchasing an additional 97,586 shares in the last quarter. 92.75% of the stock is currently owned by institutional investors.

Koppers Price Performance

NYSE KOP opened at $33.81 on Friday. Koppers Holdings Inc. has a one year low of $33.38 and a one year high of $58.23. The stock has a 50-day moving average of $36.59 and a 200 day moving average of $37.60. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.13 and a current ratio of 2.54. The company has a market capitalization of $685.33 million, a price-to-earnings ratio of 9.61 and a beta of 1.83.

Koppers (NYSE:KOP) last announced its quarterly earnings results on Friday, November 8th. The specialty chemicals company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.12. The firm had revenue of $554.30 million during the quarter, compared to analyst estimates of $571.80 million. Koppers had a net margin of 3.55% and a return on equity of 16.71%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the business posted $1.32 earnings per share. On average, 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. Stockholders of record on Friday, November 29th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.28 annualized dividend and a dividend yield of 0.83%. Koppers’s payout ratio is 7.95%.

Analysts Set New Price Targets

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

Insider Transactions at Koppers

In other Koppers news, CEO M Leroy Ball sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $37.26, for a total transaction of $223,560.00. Following the completion of the sale, the chief executive officer now directly owns 314,325 shares of the company’s stock, valued at approximately $11,711,749.50. This represents a 1.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen R. Tritch sold 3,533 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $37.08, for a total transaction of $131,003.64. Following the completion of the transaction, the director now owns 47,737 shares in the company, 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. Insiders have sold a total of 14,533 shares of company stock worth $544,164 in the last ninety days. Insiders own 6.55% of the company’s stock.

About Koppers

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.