DGS Capital Management LLC Decreases Stake in Koppers Holdings Inc. (NYSE:KOP)

DGS Capital Management LLC decreased its holdings in shares of Koppers Holdings Inc. (NYSE:KOP) by 14.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,749 shares of the specialty chemicals company’s stock after selling 1,260 shares during the quarter. DGS Capital Management LLC’s holdings in Koppers were worth $251,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Koppers

In other Koppers news, 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 sale, the chief executive officer now directly owns 315,129 shares in the company, valued at $11,949,691.68. This represents a 1.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen R. Tritch sold 3,533 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $37.08, for a total transaction 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 14,533 shares of company stock valued at $544,164 over the last quarter. 6.55% of the stock is owned by company insiders.

Koppers Price Performance

NYSE:KOP opened at $31.33 on Friday. The company has a market capitalization of $635.06 million, a P/E ratio of 8.90 and a beta of 1.86. 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 Holdings Inc. has a 52 week low of $29.25 and a 52 week high of $58.23. The stock’s fifty day moving average is $33.75 and its two-hundred day moving average is $35.90.

Koppers (NYSE:KOP) last posted its earnings results on Friday, November 8th. The specialty chemicals company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.12. Koppers had a net margin of 3.55% and a return on equity of 16.71%. The company had revenue of $554.30 million for the quarter, compared to analysts’ expectations of $571.80 million. During the same quarter in the prior year, the company posted $1.32 earnings per share. Koppers’s revenue for the quarter was up .7% compared to the same quarter last year. Equities analysts expect that Koppers Holdings Inc. will post 4.24 EPS for the current year.

Koppers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.28 annualized dividend and a yield of 0.89%. Koppers’s dividend payout ratio (DPR) is presently 7.95%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on KOP shares. Barrington Research reissued an “outperform” rating and set a $64.00 price target on shares of Koppers in a research report on Tuesday, November 12th. StockNews.com upgraded shares of Koppers from a “sell” rating to a “hold” rating in a report on Monday, November 11th.

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.