Foundry Partners LLC Boosts Stock Position in Koppers Holdings Inc. (NYSE:KOP)

Foundry Partners LLC boosted its position in Koppers Holdings Inc. (NYSE:KOP - Free Report) by 10.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 195,285 shares of the specialty chemicals company's stock after purchasing an additional 17,715 shares during the period. Foundry Partners LLC owned about 0.95% of Koppers worth $5,468,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Koppers during the 4th quarter valued at $482,000. Amundi grew its position in Koppers by 205.0% during the 4th quarter. Amundi now owns 12,271 shares of the specialty chemicals company's stock worth $372,000 after acquiring an additional 8,248 shares during the last quarter. Boston Partners bought a new stake in Koppers in the fourth quarter valued at $243,000. Teacher Retirement System of Texas boosted its position in Koppers by 44.6% in the fourth quarter. Teacher Retirement System of Texas now owns 17,706 shares of the specialty chemicals company's stock worth $574,000 after purchasing an additional 5,461 shares during the last quarter. Finally, Semanteon Capital Management LP purchased a new stake in Koppers in the 4th quarter worth approximately $287,000. 92.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Koppers Price Performance

Koppers stock traded up $0.75 during midday trading on Wednesday, reaching $33.75. 21,401 shares of the stock traded hands, compared to its average volume of 149,678. Koppers Holdings Inc. has a 12 month low of $22.99 and a 12 month high of $41.64. The stock's fifty day moving average is $32.14 and its 200-day moving average is $29.75. The stock has a market cap of $675.24 million, a P/E ratio of 29.15 and a beta of 1.49. The company has a quick ratio of 1.10, a current ratio of 2.64 and a debt-to-equity ratio of 1.96.

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

Koppers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Friday, May 30th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.32 dividend on an annualized basis and a yield of 0.95%. Koppers's payout ratio is 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.