Koppers Holdings Inc. (NYSE:KOP) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp lowered its position in shares of Koppers Holdings Inc. (NYSE:KOP) by 14.5% in the second quarter, HoldingsChannel.com reports. The firm owned 15,585 shares of the specialty chemicals company’s stock after selling 2,639 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Koppers were worth $576,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of KOP. Ables Iannone Moore & Associates Inc. purchased a new stake in Koppers in the fourth quarter valued at $26,000. nVerses Capital LLC purchased a new stake in Koppers in the second quarter valued at $37,000. Innealta Capital LLC purchased a new stake in shares of Koppers in the second quarter valued at about $45,000. CWM LLC raised its holdings in shares of Koppers by 237.2% in the second quarter. CWM LLC now owns 1,558 shares of the specialty chemicals company’s stock valued at $58,000 after buying an additional 1,096 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Koppers by 33.7% in the second quarter. SG Americas Securities LLC now owns 3,298 shares of the specialty chemicals company’s stock valued at $122,000 after buying an additional 831 shares during the last quarter. Institutional investors and hedge funds own 92.75% of the company’s stock.

Insider Transactions at Koppers

In other Koppers news, VP Joseph P. Dowd sold 5,516 shares of Koppers stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $37.72, for a total value of $208,063.52. Following the completion of the sale, the vice president now owns 10,300 shares in the company, valued at approximately $388,516. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 6.55% of the company’s stock.

Koppers Trading Down 2.4 %

NYSE KOP opened at $36.51 on Friday. The stock has a market capitalization of $774.01 million, a P/E ratio of 10.28 and a beta of 1.84. Koppers Holdings Inc. has a 52-week low of $33.80 and a 52-week high of $58.23. The firm has a 50-day moving average price of $37.71 and a 200 day moving average price of $43.57. The company has a quick ratio of 1.12, a current ratio of 2.53 and a debt-to-equity ratio of 1.92.

Koppers (NYSE:KOP) last issued its quarterly earnings data on Thursday, August 8th. The specialty chemicals company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.09. The firm had revenue of $563.20 million during the quarter, compared to analysts’ expectations of $589.17 million. Koppers had a return on equity of 17.16% and a net margin of 3.72%. Koppers’s revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.26 earnings per share. Equities research analysts expect that Koppers Holdings Inc. will post 4.24 EPS for the current year.

Koppers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.28 annualized dividend and a dividend yield of 0.77%. Koppers’s dividend payout ratio is currently 7.89%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Barrington Research reaffirmed an “outperform” rating and issued a $64.00 target price on shares of Koppers in a report on Monday, August 12th. Singular Research raised shares of Koppers to a “strong-buy” rating in a report on Friday.

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.