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

Quest Partners LLC lifted its stake in shares of Koppers Holdings Inc. (NYSE:KOP) by 3,633.6% during the third quarter, Holdings Channel.com reports. The firm owned 8,438 shares of the specialty chemicals company’s stock after buying an additional 8,212 shares during the period. Quest Partners LLC’s holdings in Koppers were worth $308,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Thrivent Financial for Lutherans lifted its holdings in Koppers by 31.7% in the third quarter. Thrivent Financial for Lutherans now owns 44,349 shares of the specialty chemicals company’s stock valued at $1,620,000 after buying an additional 10,677 shares during the period. Empowered Funds LLC lifted its holdings in Koppers by 137.9% in the third quarter. Empowered Funds LLC now owns 102,586 shares of the specialty chemicals company’s stock valued at $3,747,000 after buying an additional 59,460 shares during the period. KBC Group NV lifted its holdings 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 buying an additional 549 shares during the period. Victory Capital Management Inc. lifted its holdings in Koppers by 36.6% in the third quarter. Victory Capital Management Inc. now owns 28,000 shares of the specialty chemicals company’s stock valued at $1,023,000 after buying an additional 7,500 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Koppers by 20.7% in the third quarter. Principal Financial Group Inc. now owns 568,787 shares of the specialty chemicals company’s stock valued at $20,778,000 after buying an additional 97,586 shares during the period. 92.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Koppers

In other news, Director Stephen R. Tritch sold 3,533 shares of the stock in a transaction on 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 of the company’s stock, 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 Securities & Exchange Commission, which is available at this hyperlink. Also, CEO M Leroy Ball sold 6,000 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $37.26, for a total transaction of $223,560.00. Following the sale, the chief executive officer now directly owns 314,325 shares of the company’s stock, valued at $11,711,749.50. This represents a 1.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,533 shares of company stock valued at $544,164 over the last quarter. Corporate insiders own 6.55% of the company’s stock.

Analysts Set New Price Targets

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

Koppers Stock Up 2.2 %

Shares of NYSE:KOP opened at $39.09 on Tuesday. Koppers Holdings Inc. has a 52 week low of $33.80 and a 52 week high of $58.23. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.13 and a current ratio of 2.54. The company has a market capitalization of $792.21 million, a PE ratio of 11.10 and a beta of 1.84. The company has a 50 day moving average price of $36.59 and a two-hundred day moving average price of $38.20.

Koppers (NYSE:KOP) last issued 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. Koppers had a net margin of 3.55% and a return on equity of 16.71%. The firm had revenue of $554.30 million during the quarter, compared to the consensus estimate of $571.80 million. During the same quarter in the prior year, the firm earned $1.32 earnings per share. The business’s quarterly revenue was up .7% on a year-over-year basis. Analysts forecast that Koppers Holdings Inc. will post 4.24 earnings per share for the current year.

Koppers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Friday, November 29th. Koppers’s dividend payout ratio is 7.95%.

Koppers 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.