JPMorgan Chase & Co. Has $2.43 Million Stock Holdings in Koppers Holdings Inc. (NYSE:KOP)

JPMorgan Chase & Co. lifted its stake in shares of Koppers Holdings Inc. (NYSE:KOP) by 16.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 66,560 shares of the specialty chemicals company’s stock after buying an additional 9,156 shares during the period. JPMorgan Chase & Co.’s holdings in Koppers were worth $2,431,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of KOP. GAMMA Investing LLC grew its stake in Koppers by 170.4% during the third quarter. GAMMA Investing LLC now owns 830 shares of the specialty chemicals company’s stock worth $30,000 after buying an additional 523 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Koppers during the 3rd quarter worth approximately $37,000. KBC Group NV increased its stake in Koppers by 83.8% in the third quarter. KBC Group NV now owns 1,204 shares of the specialty chemicals company’s stock valued at $44,000 after acquiring an additional 549 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its position in Koppers by 277.2% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,520 shares of the specialty chemicals company’s stock valued at $56,000 after purchasing an additional 1,117 shares in the last quarter. Finally, CWM LLC lifted its stake in Koppers by 47.4% during the third quarter. CWM LLC now owns 2,296 shares of the specialty chemicals company’s stock worth $84,000 after purchasing an additional 738 shares during the last quarter. Institutional investors own 92.75% of the company’s stock.

Koppers Stock Up 0.2 %

Shares of KOP opened at $31.89 on Tuesday. 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 52 week low of $29.25 and a 52 week high of $58.23. The stock has a market capitalization of $646.36 million, a price-to-earnings ratio of 9.06 and a beta of 1.86. The stock has a fifty day moving average of $34.21 and a 200-day moving average of $36.00.

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

Koppers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date was Friday, November 29th. Koppers’s payout ratio is 7.95%.

Insider Buying and Selling at Koppers

In related news, Director Stephen R. Tritch sold 3,533 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $37.08, for a total value of $131,003.64. Following the sale, the director now directly owns 47,737 shares in the company, valued at $1,770,087.96. This represents a 6.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO M Leroy Ball sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $37.92, for a total transaction of $189,600.00. Following the transaction, the chief executive officer now owns 315,129 shares of the company’s stock, valued at approximately $11,949,691.68. The trade was a 1.56 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,533 shares of company stock worth $544,164. 6.55% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. StockNews.com raised Koppers from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Barrington Research restated an “outperform” rating and issued a $64.00 price target on shares of Koppers in a research note on Tuesday, November 12th.

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.