Zurcher Kantonalbank Zurich Cantonalbank Has $156,000 Stock Position in Koppers Holdings Inc. (NYSE:KOP)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Koppers Holdings Inc. (NYSE:KOP) by 44.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,567 shares of the specialty chemicals company’s stock after purchasing an additional 1,704 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Koppers were worth $156,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its holdings in Koppers by 54.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 11,966 shares of the specialty chemicals company’s stock worth $335,000 after acquiring an additional 4,197 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Koppers by 112.9% in the first quarter. GAMMA Investing LLC now owns 1,835 shares of the specialty chemicals company’s stock worth $51,000 after acquiring an additional 973 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Koppers by 21.9% in the fourth quarter. BNP Paribas Financial Markets now owns 12,678 shares of the specialty chemicals company’s stock worth $411,000 after acquiring an additional 2,281 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Koppers by 51.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,462 shares of the specialty chemicals company’s stock worth $2,056,000 after acquiring an additional 21,565 shares in the last quarter. Finally, Two Sigma Investments LP boosted its holdings in Koppers by 63.6% in the fourth quarter. Two Sigma Investments LP now owns 68,209 shares of the specialty chemicals company’s stock worth $2,210,000 after acquiring an additional 26,529 shares in the last quarter. Institutional investors and hedge funds own 92.75% of the company’s stock.

Koppers Stock Down 13.3%

KOP stock opened at $28.85 on Monday. Koppers Holdings Inc. has a twelve month low of $22.99 and a twelve month high of $40.07. The company has a quick ratio of 1.11, a current ratio of 2.60 and a debt-to-equity ratio of 1.83. The stock’s 50 day moving average is $32.61 and its 200-day moving average is $29.89. The firm has a market capitalization of $577.29 million, a PE ratio of 40.07 and a beta of 1.40.

Koppers (NYSE:KOP) last posted its earnings results on Friday, August 8th. The specialty chemicals company reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). Koppers had a net margin of 0.76% and a return on equity of 17.43%. The company had revenue of $504.80 million during the quarter, compared to the consensus estimate of $540.30 million. During the same quarter in the prior year, the business earned $1.36 EPS. The firm’s revenue for the quarter was down 10.4% compared to the same quarter last year. Sell-side analysts expect that Koppers Holdings Inc. will post 4.24 EPS for the current fiscal year.

Koppers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, August 29th. Koppers’s dividend payout ratio (DPR) is currently 44.44%.

Wall Street Analysts Forecast Growth

Separately, Barrington Research set a $55.00 price target on Koppers and gave the stock an “outperform” rating in a report on Friday.

Koppers Company 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.