Koppers Holdings Inc. (NYSE:KOP) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Koppers Holdings Inc. (NYSE:KOP) by 35.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,782 shares of the specialty chemicals company’s stock after acquiring 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 SEC filing.

A number of other hedge funds have also modified their holdings of KOP. Invesco Ltd. boosted its position in shares of Koppers by 29.2% in the 3rd quarter. Invesco Ltd. now owns 462,789 shares of the specialty chemicals company’s stock valued at $18,303,000 after purchasing an additional 104,590 shares during the period. Skylands Capital LLC acquired a new position in shares of Koppers in the 3rd quarter valued at about $1,022,000. Dark Forest Capital Management LP purchased a new stake in shares of Koppers in the third quarter worth approximately $439,000. Advisor Partners II LLC acquired a new stake in shares of Koppers during the third quarter worth approximately $459,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Koppers by 617.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 63,727 shares of the specialty chemicals company’s stock valued at $2,520,000 after buying an additional 54,841 shares during the period. 92.75% of the stock is currently owned by institutional investors and hedge funds.

Koppers Trading Down 16.9 %

Shares of KOP stock opened at $43.97 on Friday. Koppers Holdings Inc. has a 12 month low of $28.45 and a 12 month high of $58.23. The company has a market cap of $924.69 million, a PE ratio of 10.60 and a beta of 1.86. The company has a quick ratio of 0.93, a current ratio of 2.14 and a debt-to-equity ratio of 1.66. The business’s 50 day moving average is $53.83 and its two-hundred day moving average is $48.69.

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

Koppers Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Singular Research raised 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 issued a $64.00 price objective on shares of Koppers in a research note on Friday.

Insider Transactions at Koppers

In related news, VP Joseph P. Dowd sold 3,488 shares of Koppers stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $53.61, for a total transaction of $186,991.68. Following the sale, the vice president now directly owns 36,969 shares of the company’s stock, valued at $1,981,908.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, COO James A. Sullivan sold 700 shares of the stock in a transaction 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 owns 111,192 shares in the company, valued at approximately $6,005,479.92. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Joseph P. Dowd sold 3,488 shares of Koppers stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $53.61, for a total transaction of $186,991.68. Following the sale, the vice president now owns 36,969 shares in the company, valued at $1,981,908.09. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,591 shares of company stock worth $1,700,094. 6.55% of the stock is currently owned by company 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.