Koppers Holdings Inc. (NYSE:KOP) Holdings Trimmed by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of Koppers Holdings Inc. (NYSE:KOP) by 17.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 41,897 shares of the specialty chemicals company’s stock after selling 9,025 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.21% of Koppers worth $1,530,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in Koppers by 170.4% during the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the specialty chemicals company’s stock worth $30,000 after acquiring an additional 523 shares during the last quarter. nVerses Capital LLC acquired a new position in Koppers during the 2nd quarter worth $37,000. Meeder Asset Management Inc. acquired a new position in Koppers during the 3rd quarter worth $37,000. KBC Group NV lifted its position in Koppers by 83.8% during the 3rd quarter. KBC Group NV now owns 1,204 shares of the specialty chemicals company’s stock worth $44,000 after acquiring an additional 549 shares during the last quarter. Finally, Innealta Capital LLC acquired a new position in Koppers during the 2nd quarter worth $45,000. 92.75% of the stock is currently owned by hedge funds and other institutional investors.

Koppers Stock Performance

NYSE KOP opened at $32.79 on Tuesday. The stock has a market cap of $664.52 million, a P/E ratio of 9.31 and a beta of 1.83. Koppers Holdings Inc. has a twelve month low of $32.40 and a twelve month high of $58.23. The company has a quick ratio of 1.13, a current ratio of 2.54 and a debt-to-equity ratio of 1.83. The company’s 50-day simple moving average is $36.51 and its 200 day simple moving average is $37.46.

Koppers (NYSE:KOP) last released its quarterly earnings results on Friday, November 8th. The specialty chemicals company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.12. Koppers had a net margin of 3.55% and a return on equity of 16.71%. The firm had revenue of $554.30 million for the quarter, compared to analyst estimates of $571.80 million. During the same period in the previous year, the business earned $1.32 earnings per share. The company’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, research analysts forecast that Koppers Holdings Inc. will post 4.24 earnings per share for the current fiscal year.

Koppers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.85%. The ex-dividend date was Friday, November 29th. Koppers’s payout ratio is presently 7.95%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on KOP shares. Barrington Research restated an “outperform” rating and set a $64.00 price objective on shares of Koppers in a report on Tuesday, November 12th. StockNews.com upgraded shares of Koppers from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Finally, Singular Research upgraded shares of Koppers to a “strong-buy” rating in a report on Friday, September 20th.

Insider Buying and Selling at Koppers

In other news, Director Stephen R. Tritch sold 3,533 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $37.08, for a total transaction of $131,003.64. Following the completion of the sale, the director now owns 47,737 shares in the company, valued at approximately $1,770,087.96. This trade represents a 6.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO M Leroy Ball sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $37.92, for a total transaction of $189,600.00. Following the sale, the chief executive officer now owns 315,129 shares of the company’s stock, valued at approximately $11,949,691.68. This represents a 1.56 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,533 shares of company stock valued at $544,164. Corporate insiders own 6.55% of the company’s stock.

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.