Northern Trust Corp Has $8.06 Million Stock Position in Koppers Holdings Inc. (NYSE:KOP)

Northern Trust Corp boosted its stake in shares of Koppers Holdings Inc. (NYSE:KOP - Free Report) by 12.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 248,805 shares of the specialty chemicals company's stock after purchasing an additional 28,425 shares during the quarter. Northern Trust Corp owned about 1.23% of Koppers worth $8,061,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of KOP. Quarry LP bought a new stake in shares of Koppers during the 4th quarter worth about $40,000. Aquatic Capital Management LLC boosted its holdings in shares of Koppers by 196.7% during the fourth quarter. Aquatic Capital Management LLC now owns 5,637 shares of the specialty chemicals company's stock worth $183,000 after acquiring an additional 3,737 shares during the period. Hancock Whitney Corp grew its position in shares of Koppers by 26.3% in the fourth quarter. Hancock Whitney Corp now owns 11,375 shares of the specialty chemicals company's stock valued at $369,000 after purchasing an additional 2,366 shares during the last quarter. Voya Investment Management LLC increased its stake in shares of Koppers by 25.9% during the fourth quarter. Voya Investment Management LLC now owns 14,265 shares of the specialty chemicals company's stock worth $462,000 after purchasing an additional 2,932 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Koppers by 7.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,422 shares of the specialty chemicals company's stock worth $597,000 after purchasing an additional 1,254 shares during the period. 92.75% of the stock is currently owned by institutional investors and hedge funds.

Koppers Price Performance

Koppers stock traded down $0.12 during mid-day trading on Friday, reaching $30.25. The company had a trading volume of 177,812 shares, compared to its average volume of 156,208. The business has a fifty day simple moving average of $26.95 and a 200 day simple moving average of $30.60. The company has a market cap of $605.36 million, a P/E ratio of 8.59 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. The company has a current ratio of 2.54, a quick ratio of 1.13 and a debt-to-equity ratio of 1.83.

Koppers (NYSE:KOP - Get Free Report) last released 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 company had revenue of $456.50 million during the quarter, compared to the consensus estimate of $488.00 million. Koppers had a return on equity of 16.71% and a net margin of 3.55%. The firm's revenue was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 earnings per share. On average, equities research analysts predict that Koppers Holdings Inc. will post 4.24 earnings per share for the current year.

Koppers announced that its Board of Directors has authorized a share buyback program on Thursday, February 27th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the specialty chemicals company to purchase up to 16.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its stock is undervalued.

Koppers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Investors 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 1.06%. The ex-dividend date is Friday, May 30th. Koppers's dividend payout ratio is presently 27.59%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Barrington Research restated an "outperform" rating and issued a $64.00 price target on shares of Koppers in a research note on Tuesday, May 13th. Wall Street Zen upgraded shares of Koppers from a "sell" rating to a "hold" rating in a research note 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.