UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 21,565 Shares of Koppers Holdings Inc. (NYSE:KOP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Koppers Holdings Inc. (NYSE:KOP - Free Report) by 51.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,462 shares of the specialty chemicals company's stock after acquiring an additional 21,565 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.31% of Koppers worth $2,056,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Janney Montgomery Scott LLC purchased a new stake in shares of Koppers in the 4th quarter valued at approximately $488,000. Empowered Funds LLC lifted its holdings in shares of Koppers by 5.1% in the fourth quarter. Empowered Funds LLC now owns 107,819 shares of the specialty chemicals company's stock valued at $3,493,000 after purchasing an additional 5,233 shares in the last quarter. Rhumbline Advisers raised its position in shares of Koppers by 0.8% in the fourth quarter. Rhumbline Advisers now owns 70,685 shares of the specialty chemicals company's stock valued at $2,290,000 after buying an additional 574 shares during the last quarter. New York State Common Retirement Fund increased its position in Koppers by 54.0% during the fourth quarter. New York State Common Retirement Fund now owns 17,970 shares of the specialty chemicals company's stock worth $582,000 after purchasing an additional 6,300 shares during the last quarter. Finally, Waterfront Wealth Inc. acquired a new position in Koppers during the fourth quarter worth approximately $428,000. Hedge funds and other institutional investors own 92.75% of the company's stock.

Koppers Stock Up 0.2%

Shares of KOP traded up $0.05 on Wednesday, hitting $33.31. The company's stock had a trading volume of 101,562 shares, compared to its average volume of 154,417. 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's fifty day moving average price is $27.91 and its 200-day moving average price is $30.12. Koppers Holdings Inc. has a fifty-two week low of $22.99 and a fifty-two week high of $42.58. The firm has a market capitalization of $666.59 million, a price-to-earnings ratio of 9.46 and a beta of 1.50.

Koppers (NYSE:KOP - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The specialty chemicals company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.15. Koppers had a return on equity of 16.71% and a net margin of 3.55%. The firm had revenue of $456.50 million for the quarter, compared to analysts' expectations of $488.00 million. During the same quarter last year, the business earned $0.62 EPS. The company's quarterly revenue was down 8.3% compared to the same quarter last year. On average, equities research analysts expect that Koppers Holdings Inc. will post 4.24 EPS for the current year.

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

Koppers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Friday, May 30th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.32 annualized dividend and a dividend yield of 0.96%. Koppers's payout ratio is 27.59%.

Analysts Set New Price Targets

A number of research firms have commented on KOP. Barrington Research reiterated an "outperform" rating and set a $64.00 price objective on shares of Koppers in a research note on Tuesday, May 13th. Wall Street Zen upgraded shares of Koppers from a "sell" rating to a "hold" rating in a report 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.