Koppers Holdings Inc. (NYSE:KOP) Shares Purchased by Pzena Investment Management LLC

Pzena Investment Management LLC boosted its stake in Koppers Holdings Inc. (NYSE:KOP - Free Report) by 34.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,221,328 shares of the specialty chemicals company's stock after acquiring an additional 312,556 shares during the quarter. Pzena Investment Management LLC owned 5.96% of Koppers worth $34,197,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Byrne Asset Management LLC acquired a new stake in Koppers in the 1st quarter valued at $38,000. Quarry LP acquired a new stake in Koppers in the 4th quarter valued at $40,000. Copeland Capital Management LLC acquired a new stake in Koppers in the 1st quarter valued at $49,000. GAMMA Investing LLC grew its stake in Koppers by 112.9% in the 1st quarter. GAMMA Investing LLC now owns 1,835 shares of the specialty chemicals company's stock valued at $51,000 after acquiring an additional 973 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in Koppers in the 4th quarter valued at $136,000. Institutional investors and hedge funds own 92.75% of the company's stock.

Koppers Trading Up 0.3%

Shares of KOP stock traded up $0.09 on Friday, hitting $32.35. 120,439 shares of the stock traded hands, compared to its average volume of 150,312. The firm's 50-day moving average price is $32.04 and its two-hundred day moving average price is $29.73. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.10 and a current ratio of 2.64. The stock has a market capitalization of $647.32 million, a PE ratio of 27.89 and a beta of 1.49. Koppers Holdings Inc. has a twelve month low of $22.99 and a twelve month 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, beating the consensus estimate of $0.56 by $0.15. The firm had revenue of $456.50 million for the quarter, compared to analyst estimates of $488.00 million. Koppers had a net margin of 1.24% and a return on equity of 17.41%. Koppers's revenue was down 8.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 EPS. As a group, analysts anticipate that Koppers Holdings Inc. will post 4.24 EPS for the current year.

Koppers Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on KOP. Barrington Research reaffirmed an "outperform" rating and set a $64.00 target price on shares of Koppers in a research note on Tuesday, May 13th. Wall Street Zen raised shares of Koppers from a "sell" rating to a "hold" rating in a research report on Saturday, March 22nd.

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.