Numerai GP LLC Has $1.01 Million Position in Koppers Holdings Inc. (NYSE:KOP)

Numerai GP LLC trimmed its stake in shares of Koppers Holdings Inc. (NYSE:KOP - Free Report) by 26.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,036 shares of the specialty chemicals company's stock after selling 10,965 shares during the quarter. Numerai GP LLC owned about 0.15% of Koppers worth $1,006,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Pzena Investment Management LLC increased its stake in Koppers by 18.0% in the 4th quarter. Pzena Investment Management LLC now owns 908,772 shares of the specialty chemicals company's stock worth $29,444,000 after purchasing an additional 138,603 shares in the last quarter. Principal Financial Group Inc. lifted its position in Koppers by 20.7% in the 3rd quarter. Principal Financial Group Inc. now owns 568,787 shares of the specialty chemicals company's stock worth $20,778,000 after buying an additional 97,586 shares in the last quarter. Kennedy Capital Management LLC acquired a new stake in shares of Koppers during the 4th quarter valued at $2,948,000. Jacobs Levy Equity Management Inc. grew its holdings in shares of Koppers by 193.5% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 130,816 shares of the specialty chemicals company's stock valued at $4,238,000 after acquiring an additional 86,246 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Koppers by 101.1% during the 4th quarter. Renaissance Technologies LLC now owns 156,632 shares of the specialty chemicals company's stock valued at $5,075,000 after acquiring an additional 78,732 shares in the last quarter. 92.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on KOP shares. Barrington Research reiterated an "outperform" rating and issued a $64.00 price objective on shares of Koppers in a report on Tuesday, May 13th. StockNews.com upgraded Koppers from a "sell" rating to a "hold" rating in a research note on Saturday, March 22nd.

Koppers Stock Performance

Shares of NYSE:KOP traded down $0.13 during trading on Tuesday, hitting $31.26. 19,918 shares of the stock were exchanged, compared to its average volume of 162,514. The company has a market capitalization of $625.51 million, a price-to-earnings ratio of 8.88 and a beta of 1.44. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.13 and a current ratio of 2.54. Koppers Holdings Inc. has a 1-year low of $22.99 and a 1-year high of $44.64. The company's fifty day simple moving average is $26.88 and its 200-day simple moving average is $30.72.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.15. The company had revenue of $456.50 million during the quarter, compared to analysts' expectations of $488.00 million. Koppers had a net margin of 3.55% and a return on equity of 16.71%. Koppers's quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 earnings per share. Sell-side analysts expect that Koppers Holdings Inc. will post 4.24 EPS for the current fiscal year.

Koppers declared that its Board of Directors has authorized a stock buyback 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 stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Koppers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Friday, May 30th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Friday, May 30th. Koppers's dividend payout ratio (DPR) is presently 27.59%.

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.