Swiss National Bank grew its holdings in Koppers Holdings Inc. (NYSE:KOP – Get Rating) by 8.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,400 shares of the specialty chemicals company’s stock after buying an additional 3,900 shares during the quarter. Swiss National Bank’s holdings in Koppers were worth $1,387,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the business. JPMorgan Chase & Co. lifted its stake in Koppers by 431.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,904,330 shares of the specialty chemicals company’s stock valued at $59,606,000 after buying an additional 1,545,911 shares in the last quarter. Rubric Capital Management LP increased its position in shares of Koppers by 4.7% during the fourth quarter. Rubric Capital Management LP now owns 1,109,120 shares of the specialty chemicals company’s stock worth $34,715,000 after purchasing an additional 50,000 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Koppers by 1.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 707,015 shares of the specialty chemicals company’s stock valued at $22,129,000 after purchasing an additional 7,517 shares during the last quarter. Southernsun Asset Management LLC lifted its holdings in Koppers by 0.8% in the 4th quarter. Southernsun Asset Management LLC now owns 634,118 shares of the specialty chemicals company’s stock valued at $19,848,000 after purchasing an additional 5,335 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Koppers by 12.9% during the 1st quarter. Victory Capital Management Inc. now owns 250,426 shares of the specialty chemicals company’s stock worth $6,892,000 after purchasing an additional 28,567 shares during the last quarter. 88.59% of the stock is owned by institutional investors and hedge funds.
Koppers Trading Up 0.5 %
Shares of Koppers stock opened at $22.56 on Monday. Koppers Holdings Inc. has a 1-year low of $20.65 and a 1-year high of $37.44. The company has a debt-to-equity ratio of 2.20, a current ratio of 2.11 and a quick ratio of 1.04. The stock has a market cap of $471.44 million, a P/E ratio of 7.78 and a beta of 1.80. The stock’s 50 day simple moving average is $23.51 and its 200-day simple moving average is $25.55.
Koppers Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, September 12th. Shareholders of record on Friday, August 26th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Thursday, August 25th. Koppers’s dividend payout ratio (DPR) is presently 6.90%.
Wall Street Analyst Weigh In
Separately, TheStreet downgraded shares of Koppers from a “b-” rating to a “c+” rating in a research note on Thursday, July 7th.
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 three segments: Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC).
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