Two Sigma Advisers LP Has $1.09 Million Stock Position in Koppers Holdings Inc. (NYSE:KOP)

Two Sigma Advisers LP grew its stake in shares of Koppers Holdings Inc. (NYSE:KOP - Free Report) by 332.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 33,700 shares of the specialty chemicals company's stock after purchasing an additional 25,900 shares during the period. Two Sigma Advisers LP owned about 0.17% of Koppers worth $1,092,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in KOP. Two Sigma Investments LP raised its holdings in Koppers by 63.6% in the 4th quarter. Two Sigma Investments LP now owns 68,209 shares of the specialty chemicals company's stock worth $2,210,000 after purchasing an additional 26,529 shares in the last quarter. State of Wyoming boosted its holdings in Koppers by 66.3% in the 4th quarter. State of Wyoming now owns 4,422 shares of the specialty chemicals company's stock worth $143,000 after buying an additional 1,763 shares during the period. Point72 Asset Management L.P. grew its holdings in Koppers by 61.4% during the 4th quarter. Point72 Asset Management L.P. now owns 7,100 shares of the specialty chemicals company's stock valued at $230,000 after buying an additional 2,700 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Koppers by 193.5% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 130,816 shares of the specialty chemicals company's stock worth $4,238,000 after purchasing an additional 86,246 shares during the period. Finally, Deutsche Bank AG lifted its stake in Koppers by 58.2% in the fourth quarter. Deutsche Bank AG now owns 16,782 shares of the specialty chemicals company's stock worth $544,000 after purchasing an additional 6,172 shares during the last quarter. Hedge funds and other institutional investors own 92.75% of the company's stock.

Koppers Trading Up 0.5%

Shares of NYSE KOP traded up $0.15 during midday trading on Wednesday, reaching $31.40. 103,448 shares of the stock were exchanged, compared to its average volume of 155,440. 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 company has a market capitalization of $628.31 million, a P/E ratio of 8.92 and a beta of 1.44. The stock has a 50 day moving average price of $27.34 and a 200-day moving average price of $30.30. Koppers Holdings Inc. has a 52-week low of $22.99 and a 52-week high of $44.64.

Koppers (NYSE:KOP - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The specialty chemicals company reported $0.71 earnings per share for the quarter, beating analysts' consensus estimates of $0.56 by $0.15. Koppers had a return on equity of 16.71% and a net margin of 3.55%. The business had revenue of $456.50 million during the quarter, compared to the consensus estimate of $488.00 million. During the same period in the previous year, the business earned $0.62 EPS. The business's quarterly revenue was down 8.3% on a year-over-year basis. Equities research analysts expect that Koppers Holdings Inc. will post 4.24 earnings per share for the current fiscal year.

Koppers announced that its board has authorized a share buyback plan on Thursday, February 27th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the specialty chemicals company to repurchase up to 16.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Koppers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Friday, May 30th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Friday, May 30th. Koppers's dividend payout ratio is 27.59%.

Analysts Set New Price Targets

KOP has been the topic of several recent research reports. Barrington Research restated an "outperform" rating and issued a $64.00 price objective on shares of Koppers in a research report on Tuesday, May 13th. Wall Street Zen raised 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.