Waterfront Wealth Inc. Raises Stake in Koppers Holdings Inc. (NYSE:KOP)

Waterfront Wealth Inc. increased its position in shares of Koppers Holdings Inc. (NYSE:KOP - Free Report) by 141.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,807 shares of the specialty chemicals company's stock after purchasing an additional 18,607 shares during the quarter. Waterfront Wealth Inc. owned 0.16% of Koppers worth $891,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of KOP. Skylands Capital LLC lifted its stake in Koppers by 78.0% during the 1st quarter. Skylands Capital LLC now owns 36,400 shares of the specialty chemicals company's stock valued at $1,019,000 after acquiring an additional 15,950 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Koppers by 54.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 11,966 shares of the specialty chemicals company's stock valued at $335,000 after purchasing an additional 4,197 shares during the period. Copeland Capital Management LLC purchased a new stake in Koppers in the first quarter valued at $49,000. Janney Montgomery Scott LLC grew its position in Koppers by 19.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 18,059 shares of the specialty chemicals company's stock worth $506,000 after purchasing an additional 3,002 shares during the period. Finally, Byrne Asset Management LLC purchased a new stake in shares of Koppers in the first quarter worth about $38,000. Hedge funds and other institutional investors own 92.75% of the company's stock.

Koppers Price Performance

Shares of Koppers stock traded up $0.83 during trading hours on Wednesday, reaching $34.06. The stock had a trading volume of 157,412 shares, compared to its average volume of 151,451. Koppers Holdings Inc. has a twelve month low of $22.99 and a twelve month high of $41.64. The company has a current ratio of 2.64, a quick ratio of 1.10 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $681.54 million, a PE ratio of 29.36 and a beta of 1.49. The stock's 50 day moving average is $29.96 and its 200 day moving average is $29.60.

Koppers (NYSE:KOP - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $456.50 million during the quarter, compared to the consensus estimate of $488.00 million. Koppers had a net margin of 1.24% and a return on equity of 17.41%. The company's revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.62 EPS. Equities analysts expect that Koppers Holdings Inc. will post 4.24 earnings per share for the current fiscal year.

Koppers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Friday, May 30th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date was Friday, May 30th. Koppers's payout ratio is 27.59%.

Analyst Ratings Changes

Several research analysts recently weighed in on KOP shares. Barrington Research reiterated an "outperform" rating and set a $64.00 price target on shares of Koppers in a research report on Tuesday, May 13th. Wall Street Zen raised 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.