EMC Capital Management Has $212,000 Stake in Koppers Holdings Inc. (NYSE:KOP)

EMC Capital Management increased its position in Koppers Holdings Inc. (NYSE:KOP) by 883.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,538 shares of the specialty chemicals company’s stock after buying an additional 5,873 shares during the period. EMC Capital Management’s holdings in Koppers were worth $212,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its position in Koppers by 170.4% in the third quarter. GAMMA Investing LLC now owns 830 shares of the specialty chemicals company’s stock worth $30,000 after acquiring an additional 523 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of Koppers during the 3rd quarter valued at $37,000. KBC Group NV lifted its stake in shares of Koppers by 83.8% in the 3rd quarter. KBC Group NV now owns 1,204 shares of the specialty chemicals company’s stock valued at $44,000 after purchasing an additional 549 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Koppers by 277.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,520 shares of the specialty chemicals company’s stock worth $56,000 after purchasing an additional 1,117 shares in the last quarter. Finally, R Squared Ltd acquired a new position in Koppers during the fourth quarter worth $69,000. Institutional investors own 92.75% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on KOP shares. StockNews.com upgraded Koppers from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Barrington Research reaffirmed an “outperform” rating and set a $64.00 target price on shares of Koppers in a research report on Tuesday, November 12th.

Insiders Place Their Bets

In related news, Director Stephen R. Tritch sold 3,533 shares of the stock in a transaction dated Tuesday, November 19th. The shares were 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 trade represents a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO M Leroy Ball sold 5,000 shares of the business’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 transaction, the chief executive officer now owns 315,129 shares in the company, valued at $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 ninety days. Insiders own 6.55% of the company’s stock.

Koppers Stock Up 0.4 %

Koppers stock opened at $30.62 on Friday. The company has a debt-to-equity ratio of 1.83, a current ratio of 2.54 and a quick ratio of 1.13. Koppers Holdings Inc. has a fifty-two week low of $29.25 and a fifty-two week high of $58.23. The firm has a fifty day moving average price of $33.19 and a two-hundred day moving average price of $35.76. The firm has a market cap of $620.65 million, a price-to-earnings ratio of 8.70 and a beta of 1.86.

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

Koppers Announces Dividend

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

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.