DC Investments Management LLC Invests $2.38 Million in Koppers Holdings Inc. (NYSE:KOP)

DC Investments Management LLC bought a new position in shares of Koppers Holdings Inc. (NYSE:KOP - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 73,358 shares of the specialty chemicals company's stock, valued at approximately $2,377,000. Koppers comprises 1.6% of DC Investments Management LLC's portfolio, making the stock its 18th largest holding. DC Investments Management LLC owned about 0.36% of Koppers at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in KOP. Pzena Investment Management LLC raised its stake 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 buying an additional 138,603 shares in the last quarter. Principal Financial Group Inc. grew its holdings 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 during the last quarter. Kennedy Capital Management LLC purchased a new stake in shares of Koppers in the 4th quarter valued at approximately $2,948,000. Renaissance Technologies LLC boosted its position in Koppers by 101.1% during 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 period. Finally, JPMorgan Chase & Co. lifted its position in Koppers by 112.7% in the 4th quarter. JPMorgan Chase & Co. now owns 141,582 shares of the specialty chemicals company's stock worth $4,587,000 after buying an additional 75,022 shares in the last quarter. 92.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KOP has been the topic of several analyst reports. StockNews.com raised shares of Koppers from a "sell" rating to a "hold" rating in a research report on Saturday, March 22nd. Barrington Research reiterated an "outperform" rating and set a $64.00 target price on shares of Koppers in a research report on Monday, February 24th.

Koppers Stock Up 3.4 %

KOP traded up $0.90 on Friday, hitting $27.06. 202,053 shares of the company were exchanged, compared to its average volume of 156,111. The company has a market cap of $554.35 million, a PE ratio of 7.69 and a beta of 1.44. The stock's fifty day moving average is $26.74 and its 200-day moving average is $30.90. Koppers Holdings Inc. has a 12 month low of $22.99 and a 12 month high of $45.21. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.13 and a current ratio of 2.54.

Koppers (NYSE:KOP - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The specialty chemicals company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.15. The firm 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 company's quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.62 EPS. Equities research analysts predict that Koppers Holdings Inc. will post 4.24 EPS for the current fiscal year.

Koppers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Friday, May 30th. Koppers's payout ratio is presently 13.17%.

Koppers declared that its board has approved a stock repurchase plan on Thursday, February 27th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the specialty chemicals company to repurchase up to 16.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its shares are undervalued.

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.