Quest Partners LLC Has $308,000 Holdings in Koppers Holdings Inc. (NYSE:KOP)

Quest Partners LLC increased its position in Koppers Holdings Inc. (NYSE:KOP) by 3,633.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,438 shares of the specialty chemicals company’s stock after acquiring an additional 8,212 shares during the quarter. Quest Partners LLC’s holdings in Koppers were worth $308,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of KOP. Millennium Management LLC increased its holdings in shares of Koppers by 586.8% during the 2nd quarter. Millennium Management LLC now owns 196,704 shares of the specialty chemicals company’s stock worth $7,276,000 after purchasing an additional 168,063 shares during the period. Hennessy Advisors Inc. bought a new position in shares of Koppers during the 2nd quarter worth about $5,671,000. Principal Financial Group Inc. increased its holdings in shares of Koppers by 20.7% during the 3rd quarter. Principal Financial Group Inc. now owns 568,787 shares of the specialty chemicals company’s stock worth $20,778,000 after purchasing an additional 97,586 shares during the period. Empowered Funds LLC increased its holdings in shares of Koppers by 137.9% during the 3rd quarter. Empowered Funds LLC now owns 102,586 shares of the specialty chemicals company’s stock worth $3,747,000 after purchasing an additional 59,460 shares during the period. Finally, AQR Capital Management LLC increased its holdings in shares of Koppers by 167.5% during the 2nd quarter. AQR Capital Management LLC now owns 94,884 shares of the specialty chemicals company’s stock worth $3,510,000 after purchasing an additional 59,416 shares during the period. Institutional investors own 92.75% of the company’s stock.

Insider Buying and Selling at Koppers

In other Koppers news, Director Stephen R. Tritch sold 3,533 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $37.08, for a total value of $131,003.64. Following the transaction, the director now directly owns 47,737 shares in the company, valued at $1,770,087.96. The trade was a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO M Leroy Ball sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $37.92, for a total transaction of $189,600.00. Following the completion of the transaction, the chief executive officer now owns 315,129 shares in the company, valued at approximately $11,949,691.68. This trade represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,533 shares of company stock worth $544,164 over the last ninety days. Corporate insiders own 6.55% of the company’s stock.

Analyst Upgrades and Downgrades

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

Koppers Stock Performance

NYSE KOP opened at $39.09 on Tuesday. The stock has a market cap of $792.21 million, a P/E ratio of 11.10 and a beta of 1.84. The company’s 50-day simple moving average is $36.59 and its 200 day simple moving average is $38.20. Koppers Holdings Inc. has a twelve month low of $33.80 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.

Koppers (NYSE:KOP) last posted its earnings results on Friday, November 8th. The specialty chemicals company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.12. The business had revenue of $554.30 million for the quarter, compared to analysts’ expectations of $571.80 million. Koppers had a net margin of 3.55% and a return on equity of 16.71%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.32 earnings per share. 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 declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a $0.07 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.28 dividend on an annualized basis and a yield of 0.72%. Koppers’s dividend payout ratio (DPR) is presently 7.95%.

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.