close
close

New York State Common Retirement Fund Buys 6,167 Shares of Koppers Holdings Inc. (NYSE:KOP)


New York State Common Retirement Fund increased its stake in shares of Koppers Holdings Inc. (NYSE:KOP – Free Report) by 36.4% in the 4th quarter, the company said in its most recent disclosure to the Securities and Exchange Commission ). . The fund owned 23,098 shares of the specialty chemicals company after purchasing an additional 6,167 shares during the quarter. New York State Common Retirement Fund shares in Koppers were worth $1,183,000 as of the most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold KOP shares. Quantbot Technologies LP purchased a new position in shares of Koppers in the 3rd quarter valued at approximately $88,000. DekaBank Deutsche Girozentrale acquired a new position in Koppers shares worth approximately $209,000 in the third quarter. Hsbc Holdings PLC acquired a new position in shares of Koppers in the third quarter valued at approximately $223,000. Arizona State Retirement System acquired a new stake in shares of Koppers in the 3rd quarter valued at $235,000. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Koppers in the 4th quarter valued at $328,000. Hedge funds and other institutional investors own 92.75% of the company's shares.

Koppers shares rise by 0.3%

Shares of NYSE KOP opened at $43.65 on Friday. The company's 50-day moving average is $52.77 and its 200-day moving average is $49.03. Koppers Holdings Inc. has a 52-week low of $28.45 and a 52-week high of $58.23. The company has a quick ratio of 1.00, a current ratio of 2.29 and a debt-to-equity ratio of 1.70. The company has a market cap of $925.38 million, a price-to-earnings ratio of 12.30 and a beta of 1.86.

Koppers (NYSE:KOP – Get Free Report) last released its quarterly 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 company had revenue of $497.60 million for the quarter, compared to analysts' expectations of $497.00 million. Koppers had a net margin of 3.59% and a return on equity of 17.19%. The company's quarterly revenue fell 3.1% compared to the same quarter last year. In the same quarter last year, the company had earnings per share of $1.12. On average, equities analysts expect that Koppers Holdings Inc. will post 4.51 earnings per share for the current year.

Koppers dividend announcement

The company also recently disclosed 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. This equates to an annual dividend of $0.28 and a yield of 0.64%. The ex-dividend date of this dividend is Thursday, May 23rd. Koppers' dividend payout ratio (DPR) is currently 7.89%.

Wall Street analysts weigh in

Several research companies have commented on KOP. Singular Research upgraded shares of Koppers from a “hold” rating to a “buy” rating and set a $67.50 price target for the company in a research note on Wednesday, March 13th. Barrington Research reissued an “outperform” rating and set a $64.00 price target on shares of Koppers in a research note on Friday, May 3rd.

Get our latest stock analysis for KOP

Insider transactions at Koppers

In related news, COO James A. Sullivan sold 700 shares of the company's stock in a transaction that occurred 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 owns 111,192 shares of the company's stock, valued at $6,005,479.92. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Koppers news, SVP Leslie S. Hyde sold 22,403 shares of Koppers stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $53.91, for a total transaction of $1,207,745.73. Following the sale, the senior vice president now directly owns 55,658 shares of the company's stock, valued at approximately $3,000,522.78. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO James A. Sullivan sold 700 shares of the company's 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 of the company's stock, valued at approximately $6,005,479.92. The disclosure for this sale can be found here. In the last three months, insiders sold 31,591 shares of company stock worth $1,700,094. 6.55% of the shares are currently owned by insiders.

Koppers profile

(Free Report)

Koppers Holdings Inc. provides treated wood products, wood preservative 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.

Selected stories

Want to see which other hedge funds are holding KOP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Koppers Holdings Inc. (NYSE:KOP – Free Report).

Institutional Ownership by Quarter for Koppers (NYSE:KOP)



Get daily news and reviews for Koppers – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Koppers and related companies with MarketBeat.com's FREE daily email newsletter.

Anna Harden

Learn More →

Leave a Reply

Your email address will not be published. Required fields are marked *