Swiss National Bank Has $1.31 Million Holdings in Koppers Holdings Inc. (NYSE:KOP)

Swiss National Bank cut its position in Koppers Holdings Inc. (NYSE:KOP) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,400 shares of the specialty chemicals company’s stock after selling 1,300 shares during the quarter. Swiss National Bank’s holdings in Koppers were worth $1,309,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Rhumbline Advisers raised its stake in Koppers by 0.8% in the 4th quarter. Rhumbline Advisers now owns 70,685 shares of the specialty chemicals company’s stock valued at $2,290,000 after acquiring an additional 574 shares during the period. Franklin Resources Inc. lifted its stake in shares of Koppers by 5.8% during the 3rd quarter. Franklin Resources Inc. now owns 12,038 shares of the specialty chemicals company’s stock worth $444,000 after buying an additional 655 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Koppers by 277.2% during the 3rd 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 period. US Bancorp DE grew its stake in Koppers by 145.1% in the 4th quarter. US Bancorp DE now owns 2,027 shares of the specialty chemicals company’s stock valued at $66,000 after buying an additional 1,200 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Koppers by 0.8% in the 4th quarter. Bank of New York Mellon Corp now owns 201,557 shares of the specialty chemicals company’s stock valued at $6,530,000 after acquiring an additional 1,596 shares during the period. 92.75% of the stock is currently owned by institutional investors and hedge funds.

Koppers Stock Performance

Shares of NYSE:KOP opened at $27.93 on Friday. Koppers Holdings Inc. has a 12-month low of $27.00 and a 12-month high of $56.96. The company’s 50 day moving average price is $29.95 and its two-hundred day moving average price is $33.38. The firm has a market cap of $572.07 million, a PE ratio of 7.93 and a beta of 1.74. 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 (NYSE:KOP) last issued its quarterly earnings results on Thursday, February 27th. The specialty chemicals company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.18). The company had revenue of $477.00 million for the quarter, compared to analyst estimates of $497.00 million. Koppers had a return on equity of 16.71% and a net margin of 3.55%. Equities research analysts predict that Koppers Holdings Inc. will post 4.24 earnings per share for the current year.

Koppers announced that its Board of Directors has initiated a share repurchase program 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 purchase up to 16.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

Koppers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 7th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Friday, March 7th. This is an increase from Koppers’s previous quarterly dividend of $0.07. Koppers’s payout ratio is 13.17%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KOP. StockNews.com raised Koppers from a “sell” rating to a “hold” rating in a research report on Saturday, March 22nd. Barrington Research reiterated an “outperform” rating and set a $64.00 price objective on shares of Koppers in a research report on Monday, February 24th.

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.