Zurcher Kantonalbank Zurich Cantonalbank Has $347,000 Stake in Koppers Holdings Inc. (NYSE:KOP)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Koppers Holdings Inc. (NYSE:KOP) by 35.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,782 shares of the specialty chemicals company’s stock after purchasing an additional 1,767 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Koppers were worth $347,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Invesco Ltd. grew its holdings in Koppers by 29.2% during the third quarter. Invesco Ltd. now owns 462,789 shares of the specialty chemicals company’s stock worth $18,303,000 after buying an additional 104,590 shares in the last quarter. Skylands Capital LLC purchased a new position in Koppers during the 3rd quarter worth $1,022,000. Dark Forest Capital Management LP bought a new stake in shares of Koppers in the 3rd quarter worth $439,000. Advisor Partners II LLC purchased a new stake in shares of Koppers in the third quarter valued at about $459,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Koppers by 617.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 63,727 shares of the specialty chemicals company’s stock valued at $2,520,000 after purchasing an additional 54,841 shares in the last quarter. Institutional investors own 92.75% of the company’s stock.

Analysts Set New Price Targets

KOP has been the subject of a number of recent analyst reports. Singular Research raised shares of Koppers from a “hold” rating to a “buy” rating and set a $67.50 price objective for the company in a research report on Wednesday, March 13th. Barrington Research reaffirmed an “outperform” rating and set a $64.00 price target on shares of Koppers in a research report on Friday.

Koppers Stock Performance

NYSE KOP opened at $43.97 on Friday. The company has a 50-day simple moving average of $53.83 and a 200 day simple moving average of $48.69. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.93 and a current ratio of 2.14. Koppers Holdings Inc. has a 52-week low of $28.45 and a 52-week high of $58.23. The company has a market capitalization of $924.69 million, a PE ratio of 10.60 and a beta of 1.86.

Koppers (NYSE:KOP) last released its earnings results on Friday, May 3rd. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Koppers had a return on equity of 20.10% and a net margin of 4.14%. The business had revenue of $497.60 million during the quarter, compared to the consensus estimate of $497.00 million. During the same period last year, the business posted $1.12 earnings per share. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, research analysts predict that Koppers Holdings Inc. will post 4.57 EPS for the current year.

Koppers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 24th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.64%. The ex-dividend date is Thursday, May 23rd. Koppers’s dividend payout ratio (DPR) is currently 6.75%.

Insider Activity at Koppers

In related news, COO James A. Sullivan sold 700 shares of Koppers stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $54.01, for a total value of $37,807.00. Following the completion of the transaction, the chief operating officer now directly owns 111,192 shares in the company, valued at approximately $6,005,479.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Leslie S. Hyde sold 22,403 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $53.91, for a total transaction of $1,207,745.73. Following the completion of the transaction, the senior vice president now owns 55,658 shares of the company’s stock, valued at $3,000,522.78. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO James A. Sullivan sold 700 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $54.01, for a total transaction of $37,807.00. Following the completion of the transaction, the chief operating officer now directly owns 111,192 shares in the company, valued at approximately $6,005,479.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,591 shares of company stock worth $1,700,094. 6.55% of the stock is owned by corporate insiders.

About Koppers

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.