Two Sigma Advisers LP Grows Stake in Koppers Holdings Inc. (NYSE:KOP)

Two Sigma Advisers LP grew its stake in shares of Koppers Holdings Inc. (NYSE:KOPFree Report) by 332.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 33,700 shares of the specialty chemicals company’s stock after acquiring an additional 25,900 shares during the period. Two Sigma Advisers LP’s holdings in Koppers were worth $1,092,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of KOP. Pzena Investment Management LLC grew its holdings in Koppers by 18.0% during the fourth quarter. Pzena Investment Management LLC now owns 908,772 shares of the specialty chemicals company’s stock valued at $29,444,000 after purchasing an additional 138,603 shares during the period. Kennedy Capital Management LLC bought a new position in shares of Koppers during the 4th quarter worth $2,948,000. Jacobs Levy Equity Management Inc. grew its stake in shares of Koppers by 193.5% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 130,816 shares of the specialty chemicals company’s stock worth $4,238,000 after acquiring an additional 86,246 shares during the period. Renaissance Technologies LLC increased its holdings in Koppers by 101.1% in the 4th quarter. Renaissance Technologies LLC now owns 156,632 shares of the specialty chemicals company’s stock worth $5,075,000 after acquiring an additional 78,732 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Koppers by 112.7% in the 4th quarter. JPMorgan Chase & Co. now owns 141,582 shares of the specialty chemicals company’s stock valued at $4,587,000 after acquiring an additional 75,022 shares during the period. Hedge funds and other institutional investors own 92.75% of the company’s stock.

Koppers Price Performance

Koppers stock opened at $30.72 on Friday. The firm has a market capitalization of $614.71 million, a P/E ratio of 8.73 and a beta of 1.44. Koppers Holdings Inc. has a one year low of $22.99 and a one year high of $44.64. The company has a debt-to-equity ratio of 1.83, a current ratio of 2.54 and a quick ratio of 1.13. The business has a fifty day moving average price of $27.19 and a 200-day moving average price of $30.37.

Koppers (NYSE:KOPGet Free Report) last issued its quarterly earnings data on Friday, May 9th. The specialty chemicals company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.15. The business had revenue of $456.50 million for the quarter, compared to analysts’ expectations of $488.00 million. Koppers had a return on equity of 16.71% and a net margin of 3.55%. The firm’s quarterly revenue was down 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.62 EPS. As a group, equities research analysts forecast that Koppers Holdings Inc. will post 4.24 EPS for the current year.

Koppers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Friday, May 30th will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.04%. Koppers’s dividend payout ratio (DPR) is currently 27.59%.

Koppers announced that its board has authorized a share buyback program on Thursday, February 27th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the specialty chemicals company to reacquire up to 16.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts have weighed in on KOP shares. Wall Street Zen upgraded shares of Koppers from a “sell” rating to a “hold” rating in a research report on Saturday, March 22nd. Barrington Research restated an “outperform” rating and set a $64.00 price target on shares of Koppers in a research note on Tuesday, May 13th.

Check Out Our Latest Analysis on KOP

Koppers Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Koppers (NYSE:KOP)

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