Denali Advisors LLC Has $788,000 Stake in Koppers Holdings Inc. (NYSE:KOP)

Denali Advisors LLC boosted its position in Koppers Holdings Inc. (NYSE:KOP) by 52.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,300 shares of the specialty chemicals company’s stock after purchasing an additional 7,300 shares during the period. Denali Advisors LLC owned 0.10% of Koppers worth $788,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in KOP. Dimensional Fund Advisors LP lifted its stake in shares of Koppers by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,180,134 shares of the specialty chemicals company’s stock worth $60,448,000 after acquiring an additional 82,741 shares during the period. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Koppers in the 4th quarter valued at $242,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Koppers during the fourth quarter worth $772,000. Ables Iannone Moore & Associates Inc. bought a new position in Koppers during the fourth quarter worth $26,000. Finally, Quadrature Capital Ltd lifted its holdings in Koppers by 1.7% in the fourth quarter. Quadrature Capital Ltd now owns 15,379 shares of the specialty chemicals company’s stock valued at $788,000 after buying an additional 251 shares during the period. 92.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reissued an “outperform” rating and issued a $64.00 price objective on shares of Koppers in a research report on Monday, August 12th.

Insider Transactions at Koppers

In other Koppers news, VP Joseph P. Dowd sold 5,516 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $37.72, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.55% of the stock is owned by insiders.

Koppers Stock Down 0.5 %

Shares of NYSE KOP opened at $36.88 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 2.53 and a debt-to-equity ratio of 1.92. The firm has a market cap of $781.86 million, a PE ratio of 10.39 and a beta of 1.84. The company’s fifty day simple moving average is $37.59 and its 200 day simple moving average is $43.96. Koppers Holdings Inc. has a 12-month low of $33.80 and a 12-month high of $58.23.

Koppers (NYSE:KOP) last released its quarterly earnings data on Thursday, August 8th. The specialty chemicals company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.09. Koppers had a net margin of 3.72% and a return on equity of 17.16%. The company had revenue of $563.20 million for the quarter, compared to analysts’ expectations of $589.17 million. During the same quarter in the prior year, the firm earned $1.26 EPS. The business’s revenue was down 2.4% on a year-over-year basis. As a group, sell-side analysts forecast that Koppers Holdings Inc. will post 4.24 earnings per share for the current fiscal year.

Koppers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a dividend of $0.07 per share. The ex-dividend date was Friday, August 30th. This represents a $0.28 annualized dividend and a dividend yield of 0.76%. Koppers’s dividend payout ratio is 7.89%.

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.