SG Americas Securities LLC lowered its stake in Koppers Holdings Inc. (NYSE:KOP – Get Rating) by 53.6% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,209 shares of the specialty chemicals company’s stock after selling 6,023 shares during the quarter. SG Americas Securities LLC’s holdings in Koppers were worth $118,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in the business. Bank of Montreal Can lifted its stake in shares of Koppers by 6.0% during the 1st quarter. Bank of Montreal Can now owns 7,518 shares of the specialty chemicals company’s stock worth $212,000 after purchasing an additional 425 shares during the period. Captrust Financial Advisors lifted its stake in shares of Koppers by 122.1% during the 1st quarter. Captrust Financial Advisors now owns 1,006 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 553 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Koppers by 7.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 15,986 shares of the specialty chemicals company’s stock worth $361,000 after purchasing an additional 1,170 shares during the period. Advisor Group Holdings Inc. raised its position in shares of Koppers by 6.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 24,471 shares of the specialty chemicals company’s stock worth $687,000 after buying an additional 1,450 shares during the period. Finally, KBC Group NV purchased a new position in shares of Koppers in the 2nd quarter worth $37,000. Hedge funds and other institutional investors own 88.59% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on KOP shares. Barrington Research reaffirmed an “outperform” rating on shares of Koppers in a research report on Wednesday, October 5th. B. Riley reaffirmed a “buy” rating on shares of Koppers in a research report on Monday, November 7th. Finally, StockNews.com started coverage on Koppers in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock.
Koppers Stock Up 1.2 %
Koppers Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Friday, November 25th will be issued a $0.05 dividend. The ex-dividend date is Wednesday, November 23rd. This represents a $0.20 annualized dividend and a yield of 0.71%. Koppers’s dividend payout ratio is currently 5.99%.
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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