KBC Group NV Purchases 549 Shares of Koppers Holdings Inc. (NYSE:KOP)

KBC Group NV boosted its stake in Koppers Holdings Inc. (NYSE:KOP) by 83.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,204 shares of the specialty chemicals company’s stock after purchasing an additional 549 shares during the quarter. KBC Group NV’s holdings in Koppers were worth $44,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in shares of Koppers by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,187,926 shares of the specialty chemicals company’s stock worth $43,942,000 after purchasing an additional 18,469 shares during the period. Principal Financial Group Inc. grew its position in shares of Koppers by 20.7% during the 3rd quarter. Principal Financial Group Inc. now owns 568,787 shares of the specialty chemicals company’s stock worth $20,778,000 after buying an additional 97,586 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Koppers by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 221,207 shares of the specialty chemicals company’s stock valued at $8,182,000 after purchasing an additional 3,402 shares in the last quarter. Millennium Management LLC increased its holdings in Koppers by 586.8% during the second quarter. Millennium Management LLC now owns 196,704 shares of the specialty chemicals company’s stock valued at $7,276,000 after buying an additional 168,063 shares during the period. Finally, Hennessy Advisors Inc. bought a new stake in shares of Koppers in the 2nd quarter valued at about $5,671,000. Hedge funds and other institutional investors own 92.75% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on KOP shares. StockNews.com raised shares of Koppers from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Barrington Research restated an “outperform” rating and issued a $64.00 price objective on shares of Koppers in a research report on Tuesday, November 12th. Finally, Singular Research upgraded Koppers to a “strong-buy” rating in a research note on Friday, September 20th.

Koppers Trading Up 1.2 %

Shares of KOP stock opened at $38.24 on Friday. Koppers Holdings Inc. has a twelve month low of $33.80 and a twelve month high of $58.23. The stock has a market cap of $775.12 million, a price-to-earnings ratio of 10.86 and a beta of 1.84. The company’s 50-day moving average price is $36.55 and its 200-day moving average price is $38.28. The company has a current ratio of 2.54, a quick ratio of 1.13 and a debt-to-equity ratio of 1.83.

Koppers (NYSE:KOP) last issued its quarterly earnings data on Friday, November 8th. The specialty chemicals company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.12. The business had revenue of $554.30 million during the quarter, compared to analysts’ expectations of $571.80 million. Koppers had a return on equity of 16.71% and a net margin of 3.55%. The company’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.32 earnings per share. As a group, equities analysts predict that Koppers Holdings Inc. will post 4.24 earnings per share for the current year.

Koppers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.28 annualized dividend and a yield of 0.73%. Koppers’s dividend payout ratio (DPR) is 7.95%.

Insider Buying and Selling

In other news, CEO M Leroy Ball sold 5,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $37.92, for a total value of $189,600.00. Following the completion of the transaction, the chief executive officer now owns 315,129 shares in the company, valued at approximately $11,949,691.68. This represents a 1.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Stephen R. Tritch sold 3,533 shares of Koppers stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $37.08, for a total value of $131,003.64. Following the transaction, the director now directly owns 47,737 shares in the company, valued at approximately $1,770,087.96. This trade represents a 6.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,533 shares of company stock worth $544,164 over the last 90 days. 6.55% of the stock is owned by insiders.

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.