Kestrel Investment Management Corp Acquires Shares of 90,550 Koppers Holdings Inc. (NYSE:KOP)

Kestrel Investment Management Corp purchased a new position in shares of Koppers Holdings Inc. (NYSE:KOP - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 90,550 shares of the specialty chemicals company's stock, valued at approximately $2,535,000. Kestrel Investment Management Corp owned 0.44% of Koppers as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in KOP. Allspring Global Investments Holdings LLC raised its stake in shares of Koppers by 54.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 11,966 shares of the specialty chemicals company's stock worth $335,000 after purchasing an additional 4,197 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Koppers by 112.9% in the first quarter. GAMMA Investing LLC now owns 1,835 shares of the specialty chemicals company's stock worth $51,000 after purchasing an additional 973 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Koppers by 21.9% in the fourth quarter. BNP Paribas Financial Markets now owns 12,678 shares of the specialty chemicals company's stock worth $411,000 after purchasing an additional 2,281 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Koppers by 51.5% in 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 purchasing an additional 21,565 shares during the last quarter. Finally, Two Sigma Investments LP raised its stake in shares of Koppers by 63.6% in the fourth quarter. Two Sigma Investments LP now owns 68,209 shares of the specialty chemicals company's stock worth $2,210,000 after purchasing an additional 26,529 shares during the last quarter. 92.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Koppers Stock Performance

Shares of KOP stock traded up $0.03 during trading on Monday, hitting $31.92. The company's stock had a trading volume of 12,227 shares, compared to its average volume of 150,370. The company has a market cap of $638.62 million, a PE ratio of 27.54 and a beta of 1.40. 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 business has a fifty day moving average of $32.56 and a 200-day moving average of $29.89. Koppers Holdings Inc. has a 52 week low of $22.99 and a 52 week high of $40.07.

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

Koppers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Friday, May 30th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.32 annualized dividend and a dividend yield of 1.0%. Koppers's dividend payout ratio is currently 27.59%.

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.