Skylands Capital LLC Buys 15,950 Shares of Koppers Holdings Inc. (NYSE:KOP)

Skylands Capital LLC increased its position in shares of Koppers Holdings Inc. (NYSE:KOP - Free Report) by 78.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,400 shares of the specialty chemicals company's stock after buying an additional 15,950 shares during the period. Skylands Capital LLC owned 0.18% of Koppers worth $1,019,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of KOP. Quarry LP bought a new position in shares of Koppers in the 4th quarter worth about $40,000. Byrne Asset Management LLC bought a new position in shares of Koppers during the 1st quarter worth approximately $38,000. Copeland Capital Management LLC acquired a new stake in shares of Koppers during the 1st quarter worth approximately $49,000. GAMMA Investing LLC grew its position in shares of Koppers by 112.9% during the 1st quarter. GAMMA Investing LLC now owns 1,835 shares of the specialty chemicals company's stock worth $51,000 after buying an additional 973 shares during the period. Finally, US Bancorp DE increased 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 acquiring an additional 1,200 shares in the last quarter. Institutional investors and hedge funds own 92.75% of the company's stock.

Koppers Stock Down 2.0%

Shares of NYSE KOP traded down $0.64 during midday trading on Monday, hitting $32.11. 112,586 shares of the stock traded hands, compared to its average volume of 151,482. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.10 and a current ratio of 2.64. Koppers Holdings Inc. has a one year low of $22.99 and a one year high of $41.64. The business has a 50 day moving average price of $29.64 and a two-hundred day moving average price of $29.59. The company has a market cap of $642.52 million, a PE ratio of 27.68 and a beta of 1.50.

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

Koppers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Friday, May 30th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.32 annualized dividend and a yield of 1.00%. Koppers's payout ratio is 27.59%.

Analyst Ratings Changes

KOP has been the subject of a number of research reports. Barrington Research restated an "outperform" rating and issued a $64.00 price target on shares of Koppers in a report on Tuesday, May 13th. Wall Street Zen upgraded Koppers from a "sell" rating to a "hold" rating in a research note 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.