LSV Asset Management Lowers Stock Position in Koppers Holdings Inc. (NYSE:KOP)

LSV Asset Management reduced its stake in shares of Koppers Holdings Inc. (NYSE:KOP) by 5.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 686,400 shares of the specialty chemicals company’s stock after selling 40,900 shares during the period. LSV Asset Management owned 3.26% of Koppers worth $37,869,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Ables Iannone Moore & Associates Inc. bought a new stake in Koppers during the 4th quarter valued at approximately $26,000. AJOVista LLC purchased a new position in Koppers during the 4th quarter valued at $62,000. Vanguard Personalized Indexing Management LLC purchased a new position in Koppers during the 4th quarter valued at $242,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Koppers in the 4th quarter worth $328,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Koppers by 35.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,782 shares of the specialty chemicals company’s stock worth $347,000 after buying an additional 1,767 shares during the period. 92.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Barrington Research reiterated an “outperform” rating and issued a $64.00 target price on shares of Koppers in a report on Tuesday, May 28th.

Insider Activity

In other news, CEO M Leroy Ball sold 2,500 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $42.36, for a total value of $105,900.00. Following the sale, the chief executive officer now owns 321,008 shares in the company, valued at $13,597,898.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have sold 7,500 shares of company stock valued at $319,850. Company insiders own 6.55% of the company’s stock.

Koppers Stock Up 0.3 %

Shares of NYSE KOP traded up $0.10 during mid-day trading on Friday, reaching $36.39. 113,675 shares of the company were exchanged, compared to its average volume of 146,283. 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 stock has a market cap of $771.47 million, a price-to-earnings ratio of 10.25 and a beta of 1.85. Koppers Holdings Inc. has a 1 year low of $34.31 and a 1 year high of $58.23. The firm has a 50-day moving average of $40.81 and a 200 day moving average of $48.34.

Koppers (NYSE:KOP) last announced its earnings results on Friday, May 3rd. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. Koppers had a return on equity of 17.19% and a net margin of 3.59%. The company had revenue of $497.60 million for the quarter, compared to analyst estimates of $497.00 million. During the same period in the prior year, the company posted $1.12 EPS. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, research analysts expect that Koppers Holdings Inc. will post 4.51 earnings per share for the current year.

Koppers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 24th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Thursday, May 23rd. Koppers’s dividend payout ratio is presently 7.89%.

About Koppers

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.