Koppers Holdings Inc. (NYSE:KOP) Holdings Reduced by Huntington National Bank

Huntington National Bank trimmed its holdings in shares of Koppers Holdings Inc. (NYSE:KOP) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 167,142 shares of the specialty chemicals company’s stock after selling 797 shares during the period. Huntington National Bank owned approximately 0.82% of Koppers worth $5,415,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Koppers by 277.2% in 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 buying an additional 1,117 shares in the last quarter. US Bancorp DE increased its position in shares of Koppers by 145.1% in the fourth quarter. US Bancorp DE now owns 2,027 shares of the specialty chemicals company’s stock worth $66,000 after acquiring an additional 1,200 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Koppers during the fourth quarter valued at approximately $69,000. Public Employees Retirement System of Ohio raised its stake in Koppers by 345.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,905 shares of the specialty chemicals company’s stock valued at $106,000 after purchasing an additional 2,253 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in Koppers during the 4th quarter worth about $136,000. Institutional investors and hedge funds own 92.75% of the company’s stock.

Koppers Stock Performance

Shares of KOP opened at $28.00 on Thursday. The company has a market capitalization of $573.61 million, a PE ratio of 7.95 and a beta of 1.74. The company’s fifty day moving average price is $29.71 and its 200 day moving average price is $33.20. Koppers Holdings Inc. has a one year low of $27.00 and a one year high of $56.96. The company has a debt-to-equity ratio of 1.83, a current ratio of 2.54 and a quick ratio of 1.13.

Koppers (NYSE:KOP) last posted its quarterly earnings data on Thursday, February 27th. The specialty chemicals company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.18). Koppers had a net margin of 3.55% and a return on equity of 16.71%. The business had revenue of $477.00 million during the quarter, compared to the consensus estimate of $497.00 million. As a group, analysts expect that Koppers Holdings Inc. will post 4.24 earnings per share for the current year.

Koppers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 7th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.14%. This is a positive change from Koppers’s previous quarterly dividend of $0.07. Koppers’s dividend payout ratio is currently 13.17%.

Koppers declared that its Board of Directors has initiated a stock repurchase plan on Thursday, February 27th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the specialty chemicals company to repurchase up to 16.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. StockNews.com raised shares of Koppers from a “sell” rating to a “hold” rating in a research note on Saturday, March 22nd. Barrington Research restated an “outperform” rating and issued a $64.00 target price on shares of Koppers in a research note on Monday, February 24th.

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.