Koppers Holdings Inc. $KOP Shares Purchased by LSV Asset Management

LSV Asset Management raised its stake in Koppers Holdings Inc. (NYSE:KOP) by 17.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 954,431 shares of the specialty chemicals company’s stock after purchasing an additional 139,600 shares during the period. LSV Asset Management’s holdings in Koppers were worth $26,724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Koppers by 3.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,602 shares of the specialty chemicals company’s stock worth $325,000 after buying an additional 361 shares in the last quarter. Federated Hermes Inc. lifted its stake in Koppers by 0.6% in the third quarter. Federated Hermes Inc. now owns 65,695 shares of the specialty chemicals company’s stock worth $1,839,000 after acquiring an additional 408 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in Koppers by 4.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 11,673 shares of the specialty chemicals company’s stock worth $375,000 after acquiring an additional 481 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Koppers by 23.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,235 shares of the specialty chemicals company’s stock valued at $104,000 after purchasing an additional 615 shares during the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Koppers by 4.8% in the 2nd quarter. Prudential Financial Inc. now owns 21,329 shares of the specialty chemicals company’s stock valued at $686,000 after purchasing an additional 970 shares during the last quarter. Hedge funds and other institutional investors own 92.75% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on KOP shares. Zacks Research upgraded shares of Koppers from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Weiss Ratings raised Koppers from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, January 29th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $55.00 price objective on shares of Koppers in a research report on Tuesday, November 11th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Koppers has a consensus rating of “Moderate Buy” and a consensus price target of $52.50.

Koppers Price Performance

Shares of NYSE:KOP opened at $34.31 on Friday. Koppers Holdings Inc. has a 12 month low of $22.99 and a 12 month high of $35.61. The firm has a market capitalization of $672.86 million, a P/E ratio of 42.89 and a beta of 1.40. The company has a debt-to-equity ratio of 1.68, a current ratio of 2.63 and a quick ratio of 1.09. The company’s fifty day moving average price is $29.07 and its 200 day moving average price is $28.91.

Koppers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Friday, March 6th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, March 6th. This is an increase from Koppers’s previous quarterly dividend of $0.08. Koppers’s dividend payout ratio (DPR) is presently 40.00%.

Koppers Company Profile

Koppers Company, Inc is a global specialty chemicals and materials manufacturer serving diverse industrial markets. The company operates through two primary segments: Carbon Materials & Chemicals, which produces a range of coal tar–based products, phenolic specialties and carbon compounds; and Railroad Products & Services, which offers wood treating and infrastructure services for rail and utility customers.

In its Carbon Materials & Chemicals segment, Koppers supplies coal tar pitch, refined creosote, coal tar‐based distillates and phenolic resins used in aluminum smelting, graphite electrode manufacture, carbon fiber production, and water treatment applications.