110,100 Shares in Koppers Holdings Inc. (NYSE:KOP) Bought by Foundry Partners LLC

Foundry Partners LLC purchased a new stake in Koppers Holdings Inc. (NYSE:KOP) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 110,100 shares of the specialty chemicals company’s stock, valued at approximately $4,022,000.

A number of other hedge funds have also made changes to their positions in KOP. Pzena Investment Management LLC boosted its stake in Koppers by 91.8% in the 3rd quarter. Pzena Investment Management LLC now owns 770,169 shares of the specialty chemicals company’s stock worth $28,134,000 after buying an additional 368,709 shares during the last quarter. Millennium Management LLC grew its position in shares of Koppers by 586.8% in the 2nd quarter. Millennium Management LLC now owns 196,704 shares of the specialty chemicals company’s stock worth $7,276,000 after acquiring an additional 168,063 shares in the last quarter. Hennessy Advisors Inc. acquired a new position in shares of Koppers in the 2nd quarter worth approximately $5,671,000. Principal Financial Group Inc. grew its position in shares of Koppers by 20.7% in the 3rd quarter. Principal Financial Group Inc. now owns 568,787 shares of the specialty chemicals company’s stock worth $20,778,000 after acquiring an additional 97,586 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in Koppers by 137.9% during the 3rd quarter. Empowered Funds LLC now owns 102,586 shares of the specialty chemicals company’s stock valued at $3,747,000 after purchasing an additional 59,460 shares during the period. Hedge funds and other institutional investors own 92.75% of the company’s stock.

Insider Buying and Selling

In related news, CEO M Leroy Ball sold 6,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $37.26, for a total transaction of $223,560.00. Following the completion of the sale, the chief executive officer now owns 314,325 shares in the company, valued at approximately $11,711,749.50. This represents a 1.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Stephen R. Tritch sold 3,533 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $37.08, for a total value of $131,003.64. Following the sale, the director now owns 47,737 shares of the company’s stock, valued at $1,770,087.96. This trade represents a 6.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,533 shares of company stock valued at $544,164 over the last ninety days. 6.55% of the stock is owned by company insiders.

Koppers Price Performance

NYSE KOP opened at $37.78 on Friday. Koppers Holdings Inc. has a 52-week low of $33.80 and a 52-week high of $58.23. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.13 and a current ratio of 2.54. The business has a 50 day simple moving average of $36.52 and a 200 day simple moving average of $38.35. The stock has a market cap of $765.76 million, a price-to-earnings ratio of 10.73 and a beta of 1.84.

Koppers (NYSE:KOP) last announced its quarterly earnings results on Friday, November 8th. The specialty chemicals company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.12. Koppers had a return on equity of 16.71% and a net margin of 3.55%. The business had revenue of $554.30 million during the quarter, compared to the consensus estimate of $571.80 million. During the same quarter last year, the firm posted $1.32 EPS. The company’s quarterly revenue was up .7% on a year-over-year basis. Analysts anticipate that Koppers Holdings Inc. will post 4.24 earnings per share for the current fiscal year.

Koppers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Friday, November 29th. Koppers’s payout ratio is 7.95%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. StockNews.com upgraded Koppers from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Singular Research raised shares of Koppers to a “strong-buy” rating in a research note on Friday, September 20th. Finally, Barrington Research reiterated an “outperform” rating and issued a $64.00 target price on shares of Koppers in a report on Tuesday, November 12th.

Koppers Profile

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.