Koppers Holdings Inc. (NYSE:KOP) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its position in Koppers Holdings Inc. (NYSE:KOP - Free Report) by 41.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 89,922 shares of the specialty chemicals company's stock after purchasing an additional 26,195 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.43% of Koppers worth $4,606,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its stake in shares of Koppers by 50.4% during the third quarter. Tower Research Capital LLC TRC now owns 1,176 shares of the specialty chemicals company's stock valued at $25,000 after buying an additional 394 shares during the period. Captrust Financial Advisors lifted its position in shares of Koppers by 122.1% in the 1st quarter. Captrust Financial Advisors now owns 1,006 shares of the specialty chemicals company's stock worth $28,000 after purchasing an additional 553 shares during the period. Qube Research & Technologies Ltd purchased a new stake in shares of Koppers in the 3rd quarter worth approximately $44,000. Lazard Asset Management LLC boosted its stake in shares of Koppers by 301.0% during the second quarter. Lazard Asset Management LLC now owns 2,398 shares of the specialty chemicals company's stock valued at $81,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in Koppers during the third quarter valued at approximately $88,000. 92.75% of the stock is currently owned by hedge funds and other institutional investors.

Koppers Stock Performance

Shares of Koppers stock traded up $0.13 during midday trading on Friday, hitting $53.28. The company had a trading volume of 127,571 shares, compared to its average volume of 102,084. The company has a fifty day simple moving average of $53.68 and a 200 day simple moving average of $47.80. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 12.84 and a beta of 1.86. The company has a quick ratio of 0.93, a current ratio of 2.14 and a debt-to-equity ratio of 1.66. Koppers Holdings Inc. has a 12-month low of $28.45 and a 12-month high of $58.23.

Koppers (NYSE:KOP - Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The specialty chemicals company reported $0.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.72 by ($0.05). Koppers had a return on equity of 20.10% and a net margin of 4.14%. The company had revenue of $513.20 million during the quarter, compared to analysts' expectations of $483.67 million. During the same period in the prior year, the business posted $1.09 EPS. The company's quarterly revenue was up 6.3% on a year-over-year basis. As a group, analysts predict that Koppers Holdings Inc. will post 4.57 earnings per share for the current fiscal year.

Koppers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 8th were issued a $0.07 dividend. The ex-dividend date was Thursday, March 7th. This is an increase from Koppers's previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 0.53%. Koppers's payout ratio is presently 6.75%.

Analyst Ratings Changes

A number of brokerages have commented on KOP. StockNews.com downgraded shares of Koppers from a "hold" rating to a "sell" rating in a report on Friday, December 29th. Barrington Research restated an "outperform" rating and issued a $64.00 target price on shares of Koppers in a research note on Wednesday, February 28th. Finally, Singular Research raised Koppers from a "hold" rating to a "buy" rating and set a $67.50 price target on the stock in a research report on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $60.50.

Insider Transactions at Koppers

In related news, COO James A. Sullivan sold 700 shares of the firm's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $54.01, for a total transaction of $37,807.00. Following the sale, the chief operating officer now owns 111,192 shares in the company, valued at $6,005,479.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, SVP Leslie S. Hyde sold 22,403 shares of the business's stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $53.91, for a total value of $1,207,745.73. Following the completion of the sale, the senior vice president now directly owns 55,658 shares in the company, valued at $3,000,522.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO James A. Sullivan sold 700 shares of the company's stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $54.01, for a total value of $37,807.00. Following the transaction, the chief operating officer now directly owns 111,192 shares of the company's stock, valued at $6,005,479.92. The disclosure for this sale can be found here. Insiders have sold 31,591 shares of company stock valued at $1,700,094 in the last 90 days. 6.55% of the stock is currently owned by company insiders.

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.