LSV Asset Management Boosts Holdings in Koppers Holdings Inc. $KOP

LSV Asset Management increased its position in shares of Koppers Holdings Inc. (NYSE:KOP) by 17.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 954,431 shares of the specialty chemicals company’s stock after buying an additional 139,600 shares during the quarter. LSV Asset Management owned about 4.84% of Koppers worth $26,724,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. CSM Advisors LLC acquired a new stake in Koppers during the second quarter worth $4,725,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Koppers in the 3rd quarter valued at $3,635,000. American Century Companies Inc. grew its holdings in shares of Koppers by 145.2% during the 2nd quarter. American Century Companies Inc. now owns 186,729 shares of the specialty chemicals company’s stock worth $6,003,000 after purchasing an additional 110,577 shares during the period. Gamco Investors INC. ET AL acquired a new stake in shares of Koppers during the 2nd quarter worth about $1,528,000. Finally, Jane Street Group LLC raised its holdings in Koppers by 374.3% in the 1st quarter. Jane Street Group LLC now owns 52,076 shares of the specialty chemicals company’s stock valued at $1,458,000 after buying an additional 41,097 shares during the period. 92.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Zacks Research raised shares of Koppers from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Weiss Ratings upgraded shares of Koppers from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, January 29th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $55.00 price objective on shares of Koppers in a research report on Tuesday, November 11th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $52.50.

Koppers Stock Up 0.3%

Shares of KOP opened at $34.31 on Friday. The company’s 50-day simple moving average is $29.07 and its 200-day simple moving average is $28.91. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.09 and a current ratio of 2.63. Koppers Holdings Inc. has a 1 year low of $22.99 and a 1 year high of $35.61. The stock has a market capitalization of $672.86 million, a PE ratio of 42.89 and a beta of 1.40.

Koppers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Friday, March 6th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.0%. This is a positive change from Koppers’s previous quarterly dividend of $0.08. The ex-dividend date is Friday, March 6th. Koppers’s payout ratio is presently 40.00%.

Koppers Profile

Koppers Company, Inc is a global specialty chemicals and materials manufacturer serving diverse industrial markets. The company operates through two primary segments: Carbon Materials & Chemicals, which produces a range of coal tar–based products, phenolic specialties and carbon compounds; and Railroad Products & Services, which offers wood treating and infrastructure services for rail and utility customers.

In its Carbon Materials & Chemicals segment, Koppers supplies coal tar pitch, refined creosote, coal tar‐based distillates and phenolic resins used in aluminum smelting, graphite electrode manufacture, carbon fiber production, and water treatment applications.