Koppers Holdings Inc. (NYSE:KOP) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in Koppers Holdings Inc. (NYSE:KOP - Free Report) by 5,860.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 51,380 shares of the specialty chemicals company's stock after purchasing an additional 50,518 shares during the quarter. GAMMA Investing LLC owned about 0.25% of Koppers worth $1,439,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. First Hawaiian Bank grew its position in Koppers by 16.7% in the first quarter. First Hawaiian Bank now owns 17,847 shares of the specialty chemicals company's stock worth $500,000 after acquiring an additional 2,554 shares during the period. Public Employees Retirement System of Ohio grew its position in Koppers by 265.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 10,626 shares of the specialty chemicals company's stock worth $344,000 after acquiring an additional 7,721 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Koppers by 51.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,462 shares of the specialty chemicals company's stock worth $2,056,000 after buying an additional 21,565 shares during the period. Two Sigma Advisers LP boosted its position in shares of Koppers by 332.1% during the fourth quarter. Two Sigma Advisers LP now owns 33,700 shares of the specialty chemicals company's stock worth $1,092,000 after buying an additional 25,900 shares during the period. Finally, Two Sigma Investments LP boosted its position in shares of Koppers by 63.6% during the fourth quarter. Two Sigma Investments LP now owns 68,209 shares of the specialty chemicals company's stock worth $2,210,000 after buying an additional 26,529 shares during the period. Institutional investors and hedge funds own 92.75% of the company's stock.

Koppers Price Performance

Shares of KOP traded down $0.46 during mid-day trading on Wednesday, hitting $31.17. The company's stock had a trading volume of 74,567 shares, compared to its average volume of 153,069. The company has a current ratio of 2.64, a quick ratio of 1.10 and a debt-to-equity ratio of 1.96. The firm has a 50-day simple moving average of $28.65 and a 200 day simple moving average of $29.88. The firm has a market capitalization of $623.61 million, a P/E ratio of 26.87 and a beta of 1.50. Koppers Holdings Inc. has a 1-year low of $22.99 and a 1-year high of $41.64.

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

Koppers declared that its Board of Directors has approved a share buyback program on Thursday, February 27th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the specialty chemicals company to buy up to 16.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.

Koppers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Friday, May 30th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Friday, May 30th. Koppers's dividend payout ratio (DPR) is presently 27.59%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on KOP shares. Wall Street Zen upgraded Koppers from a "sell" rating to a "hold" rating in a research report on Saturday, March 22nd. Barrington Research reiterated an "outperform" rating and issued a $64.00 target price on shares of Koppers in a report on Tuesday, May 13th.

Koppers Company 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.