Rhumbline Advisers Has $1.75 Million Holdings in Koppers Holdings Inc. (NYSE:KOP)

Rhumbline Advisers cut its holdings in shares of Koppers Holdings Inc. (NYSE:KOP - Free Report) by 11.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,337 shares of the specialty chemicals company's stock after selling 8,348 shares during the period. Rhumbline Advisers owned approximately 0.30% of Koppers worth $1,745,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KOP. Quarry LP bought a new position in Koppers during the fourth quarter worth about $40,000. US Bancorp DE raised its stake in shares of Koppers by 145.1% in the 4th quarter. US Bancorp DE now owns 2,027 shares of the specialty chemicals company's stock valued at $66,000 after purchasing an additional 1,200 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Koppers in the 4th quarter valued at about $136,000. State of Wyoming raised its stake in shares of Koppers by 66.3% in the 4th quarter. State of Wyoming now owns 4,422 shares of the specialty chemicals company's stock valued at $143,000 after purchasing an additional 1,763 shares during the period. Finally, Aquatic Capital Management LLC raised its stake in shares of Koppers by 196.7% in the 4th quarter. Aquatic Capital Management LLC now owns 5,637 shares of the specialty chemicals company's stock valued at $183,000 after purchasing an additional 3,737 shares during the period. 92.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Koppers Stock Up 0.4%

Shares of NYSE:KOP traded up $0.11 during midday trading on Friday, reaching $31.26. The company had a trading volume of 205,373 shares, compared to its average volume of 152,492. The company has a quick ratio of 1.10, a current ratio of 2.64 and a debt-to-equity ratio of 1.96. The business's 50 day moving average price is $28.91 and its 200 day moving average price is $29.73. The stock has a market cap of $625.55 million, a PE ratio of 26.95 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 released its earnings results on Friday, May 9th. The specialty chemicals company reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.15. The business had revenue of $456.50 million for the quarter, compared to the consensus estimate 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 quarter in the previous year, the business earned $0.62 earnings per share. Research analysts forecast that Koppers Holdings Inc. will post 4.24 EPS for the current fiscal year.

Koppers Announces Dividend

The firm 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 1.02%. The ex-dividend date of this dividend was Friday, May 30th. Koppers's dividend payout ratio (DPR) is presently 27.59%.

Koppers declared that its Board of Directors has authorized a share repurchase program on Thursday, February 27th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the specialty chemicals company to reacquire up to 16.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Koppers 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.