Teacher Retirement System of Texas Has $313,000 Stock Position in Koppers Holdings Inc. (NYSE:KOP)

Teacher Retirement System of Texas reduced its position in shares of Koppers Holdings Inc. (NYSE:KOP) by 36.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,192 shares of the specialty chemicals company’s stock after selling 6,514 shares during the period. Teacher Retirement System of Texas owned approximately 0.05% of Koppers worth $313,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in KOP. Victory Capital Management Inc. increased its holdings in shares of Koppers by 9.3% during the fourth quarter. Victory Capital Management Inc. now owns 30,600 shares of the specialty chemicals company’s stock worth $991,000 after buying an additional 2,600 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Koppers in the fourth quarter worth $482,000. Amundi grew its stake in shares of Koppers by 205.0% in the fourth quarter. Amundi now owns 12,271 shares of the specialty chemicals company’s stock worth $372,000 after purchasing an additional 8,248 shares during the last quarter. Boston Partners bought a new stake in Koppers during the fourth quarter valued at $243,000. Finally, Semanteon Capital Management LP bought a new stake in Koppers during the fourth quarter valued at $287,000. 92.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on KOP. Wall Street Zen raised shares of Koppers from a “sell” rating to a “hold” rating in a research report on Saturday, March 22nd. Barrington Research reaffirmed an “outperform” rating and set a $64.00 price target on shares of Koppers in a research report on Tuesday, May 13th.

Koppers Stock Performance

Shares of KOP opened at $32.35 on Friday. The firm’s fifty day simple moving average is $32.04 and its two-hundred day simple moving average is $29.76. Koppers Holdings Inc. has a 12 month low of $22.99 and a 12 month high of $41.64. The stock has a market capitalization of $647.32 million, a P/E ratio of 27.89 and a beta of 1.49. The company has a current ratio of 2.64, a quick ratio of 1.10 and a debt-to-equity ratio of 1.96.

Koppers (NYSE:KOP) last announced its quarterly earnings data on Friday, May 9th. The specialty chemicals company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.15. Koppers had a net margin of 1.24% and a return on equity of 17.41%. The firm had revenue of $456.50 million for the quarter, compared to analyst estimates of $488.00 million. During the same quarter in the prior year, the business earned $0.62 earnings per share. The business’s quarterly revenue was down 8.3% compared to the same quarter last year. As a group, analysts predict that Koppers Holdings Inc. will post 4.24 EPS for the current year.

Koppers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Friday, May 30th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, May 30th. This represents a $0.32 annualized dividend and a dividend yield of 0.99%. Koppers’s dividend payout ratio is currently 27.59%.

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.