Two Sigma Investments LP Has $2.21 Million Stock Holdings in Koppers Holdings Inc. (NYSE:KOP)

Two Sigma Investments LP lifted its position in shares of Koppers Holdings Inc. (NYSE:KOP - Free Report) by 63.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,209 shares of the specialty chemicals company's stock after purchasing an additional 26,529 shares during the quarter. Two Sigma Investments LP owned 0.34% of Koppers worth $2,210,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KOP. Quarry LP purchased a new position in shares of Koppers in the fourth quarter worth about $40,000. US Bancorp DE grew its stake in shares of Koppers by 145.1% in the fourth quarter. US Bancorp DE now owns 2,027 shares of the specialty chemicals company's stock valued at $66,000 after buying an additional 1,200 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Koppers during the fourth quarter worth about $136,000. State of Wyoming boosted its position in 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 buying an additional 1,763 shares during the period. Finally, Aquatic Capital Management LLC boosted its holdings in Koppers by 196.7% in the fourth 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. Hedge funds and other institutional investors own 92.75% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on KOP. Barrington Research reiterated an "outperform" rating and issued a $64.00 price objective on shares of Koppers in a report on Tuesday, May 13th. Wall Street Zen raised Koppers from a "sell" rating to a "hold" rating in a report on Saturday, March 22nd.

Koppers Trading Up 2.3%

NYSE:KOP traded up $0.70 on Tuesday, reaching $31.27. The stock had a trading volume of 91,082 shares, compared to its average volume of 156,091. The firm's fifty day moving average is $27.22 and its two-hundred day moving average is $30.28. The company has a debt-to-equity ratio of 1.83, a current ratio of 2.54 and a quick ratio of 1.13. The company has a market cap of $625.79 million, a price-to-earnings ratio of 8.88 and a beta of 1.44. Koppers Holdings Inc. has a 12-month low of $22.99 and a 12-month 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 EPS for the quarter, topping the consensus estimate of $0.56 by $0.15. The firm had revenue of $456.50 million during the quarter, compared to analyst estimates of $488.00 million. Koppers had a net margin of 3.55% and a return on equity of 16.71%. Koppers'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. Equities analysts expect that Koppers Holdings Inc. will post 4.24 EPS for the current fiscal year.

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

Koppers Dividend Announcement

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

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.