Foundry Partners LLC Buys New Holdings in Koppers Holdings Inc. (NYSE:KOP)

Foundry Partners LLC acquired a new stake in Koppers Holdings Inc. (NYSE:KOP) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 110,100 shares of the specialty chemicals company’s stock, valued at approximately $4,022,000. Foundry Partners LLC owned 0.54% of Koppers at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Koppers during the first quarter worth approximately $136,000. ProShare Advisors LLC acquired a new stake in shares of Koppers in the first quarter valued at about $225,000. State Board of Administration of Florida Retirement System grew its position in shares of Koppers by 14.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 6,593 shares of the specialty chemicals company’s stock valued at $364,000 after purchasing an additional 830 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in shares of Koppers by 8.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 18,346 shares of the specialty chemicals company’s stock valued at $1,011,000 after buying an additional 1,413 shares during the period. Finally, Advisors Asset Management Inc. lifted its stake in Koppers by 119.3% during the first quarter. Advisors Asset Management Inc. now owns 6,571 shares of the specialty chemicals company’s stock worth $363,000 after purchasing an additional 3,574 shares during the period. 92.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Koppers Price Performance

Shares of NYSE:KOP opened at $37.78 on Friday. The firm has a 50 day simple moving average of $36.52 and a 200 day simple moving average of $38.35. The company has a market cap of $765.76 million, a price-to-earnings ratio of 10.73 and a beta of 1.84. Koppers Holdings Inc. has a one year low of $33.80 and a one year high of $58.23. 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 Friday, November 8th. The specialty chemicals company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.12. The company had revenue of $554.30 million during the quarter, compared to analysts’ expectations of $571.80 million. Koppers had a net margin of 3.55% and a return on equity of 16.71%. Koppers’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.32 earnings per share. Research analysts predict that Koppers Holdings Inc. will post 4.24 earnings per share for the current fiscal year.

Koppers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Friday, November 29th. Koppers’s payout ratio is currently 7.95%.

Insiders Place Their Bets

In other Koppers news, CEO M Leroy Ball sold 6,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $37.26, for a total transaction of $223,560.00. Following the transaction, the chief executive officer now directly owns 314,325 shares of the company’s stock, valued at approximately $11,711,749.50. The trade was a 1.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen R. Tritch sold 3,533 shares of the company’s 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,533 shares of company stock valued at $544,164. Company insiders own 6.55% of the company’s stock.

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.