Koppers Holdings Inc. (NYSE:KOP) Shares Sold by EMC Capital Management

EMC Capital Management reduced its position in Koppers Holdings Inc. (NYSE:KOPGet Rating) by 25.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,028 shares of the specialty chemicals company’s stock after selling 2,069 shares during the quarter. EMC Capital Management’s holdings in Koppers were worth $136,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Koppers by 9.4% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,126,729 shares of the specialty chemicals company’s stock valued at $58,528,000 after buying an additional 181,916 shares during the period. State of New Jersey Common Pension Fund D purchased a new stake in Koppers in the second quarter valued at approximately $2,106,000. Invesco Ltd. lifted its stake in Koppers by 17.9% in the first quarter. Invesco Ltd. now owns 414,730 shares of the specialty chemicals company’s stock valued at $11,414,000 after buying an additional 63,088 shares during the last quarter. Ancora Advisors LLC lifted its stake in Koppers by 143.3% in the first quarter. Ancora Advisors LLC now owns 64,880 shares of the specialty chemicals company’s stock valued at $2,255,000 after buying an additional 38,210 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Koppers in the first quarter valued at approximately $969,000. 88.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. StockNews.com assumed coverage on Koppers in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. B. Riley reissued a “buy” rating on shares of Koppers in a report on Monday, November 7th. Finally, Barrington Research reissued an “outperform” rating on shares of Koppers in a report on Wednesday, October 5th.

Koppers Price Performance

KOP traded down $0.59 during trading on Thursday, reaching $29.59. 79,144 shares of the stock were exchanged, compared to its average volume of 84,617. The company has a debt-to-equity ratio of 2.20, a current ratio of 2.07 and a quick ratio of 1.03. Koppers Holdings Inc. has a 1 year low of $20.11 and a 1 year high of $33.68. The business’s 50 day moving average price is $24.15 and its two-hundred day moving average price is $24.12. The company has a market capitalization of $618.43 million, a price-to-earnings ratio of 8.86 and a beta of 1.75.

Koppers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Friday, November 25th will be given a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, November 23rd. This represents a $0.20 annualized dividend and a dividend yield of 0.68%. Koppers’s dividend payout ratio is currently 5.99%.

Koppers Company Profile

(Get Rating)

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 three segments: Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC).

See Also

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Institutional Ownership by Quarter for Koppers (NYSE:KOP)

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