Denali Advisors LLC Increases Position in Koppers Holdings Inc. (NYSE:KOP)

Denali Advisors LLC lifted its stake in Koppers Holdings Inc. (NYSE:KOP) by 45.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,300 shares of the specialty chemicals company’s stock after purchasing an additional 6,700 shares during the period. Denali Advisors LLC’s holdings in Koppers were worth $690,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Pzena Investment Management LLC lifted its position in shares of Koppers by 91.8% during the 3rd quarter. Pzena Investment Management LLC now owns 770,169 shares of the specialty chemicals company’s stock valued at $28,134,000 after acquiring an additional 368,709 shares during the period. Principal Financial Group Inc. increased its stake in Koppers by 20.7% in the 3rd quarter. Principal Financial Group Inc. now owns 568,787 shares of the specialty chemicals company’s stock valued at $20,778,000 after purchasing an additional 97,586 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Koppers by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 424,871 shares of the specialty chemicals company’s stock worth $15,521,000 after purchasing an additional 20,586 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Koppers by 0.8% during the fourth quarter. Bank of New York Mellon Corp now owns 201,557 shares of the specialty chemicals company’s stock worth $6,530,000 after purchasing an additional 1,596 shares during the last quarter. Finally, Hennessy Advisors Inc. boosted its position in Koppers by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 184,500 shares of the specialty chemicals company’s stock worth $5,978,000 after purchasing an additional 11,800 shares in the last quarter. Hedge funds and other institutional investors own 92.75% of the company’s stock.

Analysts Set New Price Targets

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

Koppers Price Performance

KOP stock opened at $32.26 on Thursday. The stock’s 50 day moving average price is $30.96 and its 200 day moving average price is $34.72. The firm has a market cap of $653.88 million, a P/E ratio of 9.16 and a beta of 1.83. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.13 and a current ratio of 2.54. Koppers Holdings Inc. has a 1 year low of $28.57 and a 1 year high of $58.23.

Koppers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 7th will be given a $0.08 dividend. This is an increase from Koppers’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, March 7th. Koppers’s dividend payout ratio is currently 9.09%.

Koppers Company 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.