Waterfront Wealth Inc. Buys 18,607 Shares of Koppers Holdings Inc. (NYSE:KOP)

Waterfront Wealth Inc. lifted its stake in shares of Koppers Holdings Inc. (NYSE:KOP - Free Report) by 141.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in KOP. Rhumbline Advisers grew its holdings in shares of Koppers by 0.8% during the 4th quarter. Rhumbline Advisers now owns 70,685 shares of the specialty chemicals company's stock valued at $2,290,000 after purchasing an additional 574 shares during the last quarter. New York State Common Retirement Fund boosted its position in Koppers by 54.0% during the 4th quarter. New York State Common Retirement Fund now owns 17,970 shares of the specialty chemicals company's stock worth $582,000 after buying an additional 6,300 shares during the period. Bank of New York Mellon Corp boosted its position in Koppers by 0.8% during the 4th quarter. Bank of New York Mellon Corp now owns 201,557 shares of the specialty chemicals company's stock worth $6,530,000 after buying an additional 1,596 shares during the period. US Bancorp DE boosted its position in Koppers by 145.1% during the 4th quarter. US Bancorp DE now owns 2,027 shares of the specialty chemicals company's stock worth $66,000 after buying an additional 1,200 shares during the period. Finally, Victory Capital Management Inc. boosted its position in Koppers by 9.3% during the 4th quarter. Victory Capital Management Inc. now owns 30,600 shares of the specialty chemicals company's stock worth $991,000 after buying an additional 2,600 shares during the period. 92.75% of the stock is owned by institutional investors.

Koppers Price Performance

KOP stock opened at $32.81 on Friday. The firm has a market cap of $656.47 million, a price-to-earnings ratio of 28.28 and a beta of 1.50. The company has a quick ratio of 1.10, a current ratio of 2.64 and a debt-to-equity ratio of 1.96. Koppers Holdings Inc. has a 12-month low of $22.99 and a 12-month high of $41.64. The company's fifty day simple moving average is $29.64 and its 200 day simple moving average is $29.61.

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

Koppers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Friday, May 30th were given a dividend of $0.08 per share. The ex-dividend date was Friday, May 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.98%. Koppers's payout ratio is presently 27.59%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on KOP shares. Wall Street Zen upgraded shares of Koppers from a "sell" rating to a "hold" rating in a research report on Saturday, March 22nd. Barrington Research reiterated an "outperform" rating and set a $64.00 target price on shares of Koppers in a research report 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.

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