Koppers Holdings Inc. (NYSE:KOP) Shares Purchased by Two Sigma Investments LP

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

Other hedge funds have also modified their holdings of the company. State of Wyoming grew its stake 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 acquiring an additional 1,763 shares during the period. Point72 Asset Management L.P. grew its stake in Koppers by 61.4% in the 4th quarter. Point72 Asset Management L.P. now owns 7,100 shares of the specialty chemicals company's stock worth $230,000 after acquiring an additional 2,700 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in 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 acquiring an additional 86,246 shares during the period. Deutsche Bank AG grew its stake in Koppers by 58.2% in the 4th quarter. Deutsche Bank AG now owns 16,782 shares of the specialty chemicals company's stock worth $544,000 after acquiring an additional 6,172 shares during the period. Finally, D. E. Shaw & Co. Inc. grew its stake in Koppers by 579.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 62,355 shares of the specialty chemicals company's stock worth $2,020,000 after acquiring an additional 53,182 shares during the period. 92.75% of the stock is owned by hedge funds and other institutional investors.

Koppers Trading Up 0.5%

Shares of NYSE KOP traded up $0.17 during trading on Thursday, hitting $31.62. 123,278 shares of the company traded hands, compared to its average volume of 154,744. The company has a quick ratio of 1.13, a current ratio of 2.54 and a debt-to-equity ratio of 1.83. The firm has a market capitalization of $632.76 million, a P/E ratio of 8.98 and a beta of 1.44. The company has a 50-day moving average price of $27.41 and a 200-day moving average price of $30.25. Koppers Holdings Inc. has a 1 year low of $22.99 and a 1 year high of $44.19.

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

Koppers declared that its Board of Directors has approved a share repurchase program on Thursday, February 27th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the specialty chemicals company to buy up to 16.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Koppers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Friday, May 30th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, May 30th. This represents a $0.32 annualized dividend and a dividend yield of 1.01%. Koppers's payout ratio is 27.59%.

Wall Street Analyst Weigh In

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

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.