Access Investment Management LLC Makes New $1.21 Million Investment in Koppers Holdings Inc. (NYSE:KOP)

Access Investment Management LLC bought a new stake in Koppers Holdings Inc. (NYSE:KOPFree Report) during the 4th quarter, HoldingsChannel reports. The fund bought 23,530 shares of the specialty chemicals company’s stock, valued at approximately $1,205,000.

Several other institutional investors have also recently made changes to their positions in the company. AJOVista LLC purchased a new stake in Koppers in the 4th quarter worth about $62,000. Quantbot Technologies LP purchased a new stake in shares of Koppers in the third quarter worth approximately $88,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Koppers during the 3rd quarter worth approximately $209,000. Hsbc Holdings PLC purchased a new position in Koppers during the 3rd quarter valued at $223,000. Finally, Arizona State Retirement System bought a new position in Koppers in the 3rd quarter valued at $235,000. Institutional investors own 92.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Singular Research upgraded Koppers from a “hold” rating to a “buy” rating and set a $67.50 target price for the company in a research report on Wednesday, March 13th. Barrington Research reiterated an “outperform” rating and set a $64.00 price objective on shares of Koppers in a report on Friday, May 3rd.

Get Our Latest Stock Report on Koppers

Koppers Trading Up 0.3 %

KOP traded up $0.15 during trading on Friday, hitting $43.65. 343,012 shares of the stock were exchanged, compared to its average volume of 142,026. Koppers Holdings Inc. has a 1 year low of $28.45 and a 1 year high of $58.23. The firm has a market cap of $925.38 million, a price-to-earnings ratio of 12.30 and a beta of 1.86. The firm has a 50 day simple moving average of $52.77 and a 200 day simple moving average of $48.94. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.00 and a current ratio of 2.29.

Koppers (NYSE:KOPGet Free Report) last announced its quarterly earnings results on Friday, May 3rd. The specialty chemicals company reported $0.62 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 firm had revenue of $497.60 million for the quarter, compared to analyst estimates of $497.00 million. During the same quarter last year, the firm posted $1.12 earnings per share. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, equities analysts expect that Koppers Holdings Inc. will post 4.51 EPS for the current year.

Koppers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders 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 dividend yield of 0.64%. Koppers’s payout ratio is presently 7.89%.

Insider Activity at Koppers

In other Koppers news, CEO M Leroy Ball sold 5,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $53.51, for a total transaction of $267,550.00. Following the completion of the sale, the chief executive officer now owns 323,080 shares in the company, valued at $17,288,010.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Koppers news, CEO M Leroy Ball sold 5,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $53.51, for a total value of $267,550.00. Following the completion of the transaction, the chief executive officer now directly owns 323,080 shares in the company, valued at $17,288,010.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Joseph P. Dowd sold 3,488 shares of the 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 directly owns 36,969 shares of the company’s stock, valued at $1,981,908.09. The disclosure for this sale can be found here. Insiders have sold a total of 31,591 shares of company stock valued at $1,700,094 over the last ninety days. 6.55% of the stock is owned by company insiders.

About Koppers

(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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