Koppers Holdings Inc. (NYSE:KOP) Holdings Lowered by Voloridge Investment Management LLC

Voloridge Investment Management LLC lowered its holdings in Koppers Holdings Inc. (NYSE:KOP - Free Report) by 42.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,337 shares of the specialty chemicals company's stock after selling 36,765 shares during the period. Voloridge Investment Management LLC owned about 0.24% of Koppers worth $1,599,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Rhumbline Advisers raised its position in shares of Koppers by 0.8% during the 4th quarter. Rhumbline Advisers now owns 70,685 shares of the specialty chemicals company's stock worth $2,290,000 after purchasing an additional 574 shares during the period. Janney Montgomery Scott LLC bought a new position in Koppers during the 4th quarter worth $488,000. BNP Paribas Financial Markets increased its position in 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 buying an additional 2,281 shares during the period. Victory Capital Management Inc. lifted its stake in Koppers by 9.3% in the fourth quarter. Victory Capital Management Inc. now owns 30,600 shares of the specialty chemicals company's stock valued at $991,000 after buying an additional 2,600 shares during the last quarter. Finally, Amundi lifted its stake in Koppers by 205.0% in the fourth quarter. Amundi now owns 12,271 shares of the specialty chemicals company's stock valued at $372,000 after buying an additional 8,248 shares during the last quarter. Institutional investors own 92.75% of the company's stock.

Koppers Stock Performance

KOP traded down $0.12 during trading hours on Monday, hitting $30.60. The company's stock had a trading volume of 166,810 shares, compared to its average volume of 156,351. The company has a 50-day simple moving average of $27.22 and a 200 day simple moving average of $30.28. The company has a current ratio of 2.54, a quick ratio of 1.13 and a debt-to-equity ratio of 1.83. The firm has a market capitalization of $612.31 million, a PE ratio of 8.69 and a beta of 1.44. Koppers Holdings Inc. has a fifty-two week low of $22.99 and a fifty-two week high of $44.64.

Koppers (NYSE:KOP - Get Free Report) last released its quarterly earnings results 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. The company had revenue of $456.50 million during the quarter, compared to analysts' expectations of $488.00 million. Koppers had a return on equity of 16.71% and a net margin of 3.55%. The company's revenue for the quarter was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.62 earnings per share. As a group, sell-side analysts expect that Koppers Holdings Inc. will post 4.24 EPS for the current year.

Koppers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Friday, May 30th. Koppers's payout ratio is currently 27.59%.

Koppers announced that its Board of Directors has authorized a stock buyback plan on Thursday, February 27th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the specialty chemicals company to reacquire up to 16.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

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

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.