Waterfront Wealth Inc. Purchases Shares of 13,200 Koppers Holdings Inc. (NYSE:KOP)

Waterfront Wealth Inc. acquired a new position in shares of Koppers Holdings Inc. (NYSE:KOP) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 13,200 shares of the specialty chemicals company’s stock, valued at approximately $428,000. Waterfront Wealth Inc. owned approximately 0.07% of Koppers as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Meeder Asset Management Inc. acquired a new stake in Koppers during the 3rd quarter worth $37,000. KBC Group NV lifted 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 buying an additional 549 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted 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 acquiring an additional 1,117 shares during the period. R Squared Ltd purchased a new position in shares of Koppers during the fourth quarter worth approximately $69,000. Finally, CWM LLC grew its position in shares of 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 acquiring an additional 738 shares during the last quarter. 92.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KOP has been the subject of several research reports. StockNews.com upgraded shares of Koppers from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Barrington Research reaffirmed an “outperform” rating and issued a $64.00 target price on shares of Koppers in a report on Tuesday, November 12th.

Koppers Trading Down 1.2 %

NYSE:KOP opened at $30.20 on Friday. Koppers Holdings Inc. has a 12-month low of $28.57 and a 12-month high of $58.23. The company has a current ratio of 2.54, a quick ratio of 1.13 and a debt-to-equity ratio of 1.83. The stock’s 50 day simple moving average is $30.97 and its 200-day simple moving average is $34.80. The firm has a market cap of $612.24 million, a P/E ratio of 8.58 and a beta of 1.83.

Koppers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 7th will be paid a $0.08 dividend. This is a boost from Koppers’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a yield of 1.06%. The ex-dividend date is Friday, March 7th. Koppers’s payout ratio is currently 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.