2 weeks Ago By ABMN Staff
Legal & General Group Plc reduced its stake in shares of Koppers Holdings Inc. ( NYSE:KOP – Free Report ) by 10.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission.
The firm owned 55,383 shares of the specialty chemicals company’s stock after selling 6,604 shares during the period. Legal & General Group Plc owned about 0.27% of Koppers worth $1,794,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. US Bancorp DE raised its position in shares of Koppers by 145.1% in the fourth quarter.
US Bancorp DE now owns 2,027 shares of the specialty chemicals company’s stock valued at $66,000 after purchasing an additional 1,200 shares during the period. R Squared Ltd bought a new stake in Koppers during the 4th quarter valued at $69,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Koppers during the fourth quarter worth $136,000.
EMC Capital Management boosted its holdings in shares of Koppers by 883.2% in the fourth quarter. EMC Capital Management now owns 6,538 shares of the specialty chemicals company’s stock worth $212,000 after acquiring an additional 5,873 shares during the period.
Finally, Boston Partners purchased a new position in shares of Koppers in the fourth quarter valued at $243,000. Hedge funds and other institutional investors own 92.75% of the company’s stock.
Wall Street Analysts Forecast Growth Several research analysts have commented on KOP shares. Barrington Research reissued an “outperform” rating and issued a $64.00 price target on shares of Koppers in a report on Monday, February 24th.
StockNews.com upgraded Koppers from a “sell” rating to a “hold” rating in a research report on Saturday, March 22nd. Koppers Trading Down 1.
1 % Shares of KOP opened at $25.29 on Friday. The firm has a fifty day simple moving average of $27.
65 and a two-hundred day simple moving average of $31.70. Koppers Holdings Inc.
has a twelve month low of $22.99 and a twelve month high of $54.07.
The stock has a market capitalization of $518.09 million, a P/E ratio of 7.18 and a beta of 1.
50. The company has a quick ratio of 1.13, a current ratio of 2.
54 and a debt-to-equity ratio of 1.83. Koppers ( NYSE:KOP – Get Free Report ) last released its quarterly earnings results 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). Koppers had a net margin of 3.55% and a return on equity of 16.
71%. The company had revenue of $477.00 million during the quarter, compared to the consensus estimate of $497.
00 million. On average, research analysts anticipate that Koppers Holdings Inc. will post 4.
24 EPS for the current year. Koppers Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 7th were given a dividend of $0.
08 per share. This represents a $0.32 annualized dividend and a yield of 1.
27%. This is a boost from Koppers’s previous quarterly dividend of $0.07.
The ex-dividend date of this dividend was Friday, March 7th. Koppers’s payout ratio is presently 13.17%.
Koppers announced that its board has authorized a stock buyback plan on Thursday, February 27th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the specialty chemicals company to purchase up to 16.
7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued. Koppers Profile ( Free Report ) 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. Recommended Stories Receive News & Ratings for Koppers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Koppers and related companies with MarketBeat.com's FREE daily email newsletter .
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