Denali Advisors LLC Cuts Stock Holdings in Koppers Holdings Inc. (NYSE:KOP)

Denali Advisors LLC trimmed its position in shares of Koppers Holdings Inc. (NYSE:KOP - Free Report) by 39.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,900 shares of the specialty chemicals company's stock after selling 8,400 shares during the quarter. Denali Advisors LLC owned 0.06% of Koppers worth $361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of KOP. Dimensional Fund Advisors LP raised its stake in shares of Koppers by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,237,486 shares of the specialty chemicals company's stock worth $40,094,000 after purchasing an additional 8,111 shares during the period. Pzena Investment Management LLC raised its stake in shares of Koppers by 34.4% during the 1st quarter. Pzena Investment Management LLC now owns 1,221,328 shares of the specialty chemicals company's stock worth $34,197,000 after purchasing an additional 312,556 shares during the period. LSV Asset Management raised its stake in shares of Koppers by 0.4% during the 4th quarter. LSV Asset Management now owns 632,862 shares of the specialty chemicals company's stock worth $20,505,000 after purchasing an additional 2,312 shares during the period. Northern Trust Corp raised its stake in shares of Koppers by 12.9% during the 4th quarter. Northern Trust Corp now owns 248,805 shares of the specialty chemicals company's stock worth $8,061,000 after purchasing an additional 28,425 shares during the period. Finally, Bridgeway Capital Management LLC raised its stake in shares of Koppers by 2.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 219,172 shares of the specialty chemicals company's stock worth $7,101,000 after purchasing an additional 5,233 shares during the period. 92.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Barrington Research reiterated an "outperform" rating and set a $64.00 target price on shares of Koppers in a research note on Tuesday, May 13th.

Koppers Trading Up 0.3%

Shares of Koppers stock opened at $32.35 on Monday. Koppers Holdings Inc. has a 52-week low of $22.99 and a 52-week high of $41.64. The stock's 50-day simple moving average is $32.04 and its 200 day simple moving average is $29.73. The stock has a market capitalization of $647.32 million, a P/E ratio of 27.89 and a beta of 1.49. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.10 and a current ratio of 2.64.

Koppers (NYSE:KOP - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The specialty chemicals company reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.15. Koppers had a return on equity of 17.41% and a net margin of 1.24%. The business had revenue of $456.50 million for the quarter, compared to analysts' expectations of $488.00 million. During the same period in the previous year, the business posted $0.62 EPS. The firm's quarterly revenue was down 8.3% compared to the same quarter last year. As a group, research analysts anticipate that Koppers Holdings Inc. will post 4.24 EPS for the current year.

Koppers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Friday, May 30th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Friday, May 30th. Koppers's dividend payout ratio is presently 27.59%.

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.

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