Skylands Capital LLC Cuts Stake in Koppers Holdings Inc. (NYSE:KOP)

Skylands Capital LLC reduced its position in Koppers Holdings Inc. (NYSE:KOP) by 35.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,450 shares of the specialty chemicals company’s stock after selling 11,000 shares during the quarter. Skylands Capital LLC owned about 0.10% of Koppers worth $663,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Waterfront Wealth Inc. purchased a new stake in Koppers during the 4th quarter worth $428,000. New York State Common Retirement Fund boosted its position in shares of Koppers by 54.0% in the fourth quarter. New York State Common Retirement Fund now owns 17,970 shares of the specialty chemicals company’s stock worth $582,000 after buying an additional 6,300 shares during the period. Rhumbline Advisers lifted its position in shares of Koppers by 0.8% during the fourth quarter. Rhumbline Advisers now owns 70,685 shares of the specialty chemicals company’s stock worth $2,290,000 after purchasing an additional 574 shares in the last quarter. Empowered Funds LLC grew its holdings in Koppers by 5.1% during the 4th quarter. Empowered Funds LLC now owns 107,819 shares of the specialty chemicals company’s stock valued at $3,493,000 after purchasing an additional 5,233 shares in the last quarter. Finally, EMC Capital Management increased its stake in Koppers by 883.2% during the 4th quarter. EMC Capital Management now owns 6,538 shares of the specialty chemicals company’s stock worth $212,000 after buying an additional 5,873 shares during the period. 92.75% of the stock is owned by institutional investors and hedge funds.

Koppers Stock Performance

Shares of KOP stock opened at $30.20 on Monday. 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 business has a 50 day moving average of $30.97 and a two-hundred day moving average of $34.79. The company has a market cap of $612.20 million, a P/E ratio of 8.58 and a beta of 1.83. Koppers Holdings Inc. has a 52 week low of $28.57 and a 52 week high of $58.23.

Koppers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 7th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.06%. This is a boost from Koppers’s previous quarterly dividend of $0.07. The ex-dividend date is Friday, March 7th. Koppers’s dividend payout ratio (DPR) is presently 9.09%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. 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 issued a $64.00 price objective on shares of Koppers in a report on Tuesday, November 12th.

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.