UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $2.06 Million Stake in Koppers Holdings Inc. (NYSE:KOP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Koppers Holdings Inc. (NYSE:KOP - Free Report) by 51.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,462 shares of the specialty chemicals company's stock after purchasing an additional 21,565 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.31% of Koppers worth $2,056,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Janney Montgomery Scott LLC acquired a new stake in shares of Koppers in the fourth quarter valued at approximately $488,000. Empowered Funds LLC grew its stake in Koppers by 5.1% during the fourth quarter. Empowered Funds LLC now owns 107,819 shares of the specialty chemicals company's stock worth $3,493,000 after buying an additional 5,233 shares in the last quarter. Rhumbline Advisers increased its stake in 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 acquiring an additional 574 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Koppers by 54.0% in the 4th quarter. New York State Common Retirement Fund now owns 17,970 shares of the specialty chemicals company's stock valued at $582,000 after purchasing an additional 6,300 shares during the last quarter. Finally, Waterfront Wealth Inc. bought a new stake in shares of Koppers during the 4th quarter worth $428,000. 92.75% of the stock is currently owned by institutional investors and hedge funds.

Koppers Price Performance

Shares of KOP traded up $0.71 during trading hours on Monday, reaching $32.90. The stock had a trading volume of 122,374 shares, compared to its average volume of 154,513. Koppers Holdings Inc. has a 12 month low of $22.99 and a 12 month high of $42.58. The company's 50-day moving average is $27.50 and its two-hundred day moving average is $30.11. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.13 and a current ratio of 2.54. The stock has a market capitalization of $658.25 million, a PE ratio of 9.35 and a beta of 1.50.

Koppers (NYSE:KOP - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The specialty chemicals company reported $0.71 earnings per share (EPS) for the quarter, beating 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 company had revenue of $456.50 million during the quarter, compared to the consensus estimate of $488.00 million. During the same quarter in the prior year, the firm posted $0.62 earnings per share. The firm's revenue was down 8.3% compared to the same quarter last year. Research analysts expect that Koppers Holdings Inc. will post 4.24 EPS for the current year.

Koppers declared that its Board of Directors has initiated a share repurchase plan 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 shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Koppers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders 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 dividend on an annualized basis and a yield of 0.97%. Koppers's dividend payout ratio (DPR) is currently 27.59%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Wall Street Zen upgraded Koppers from a "sell" rating to a "hold" rating in a research report on Saturday, March 22nd. Barrington Research reaffirmed an "outperform" rating and set a $64.00 price target on shares of Koppers in a report on Tuesday, May 13th.

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.