Charles Schwab Investment Management Inc. Raises Stake in Koppers Holdings Inc. (NYSE:KOP)

Charles Schwab Investment Management Inc. lifted its stake in Koppers Holdings Inc. (NYSE:KOP - Free Report) by 5.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 424,871 shares of the specialty chemicals company's stock after purchasing an additional 20,586 shares during the quarter. Charles Schwab Investment Management Inc. owned about 2.07% of Koppers worth $15,521,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in KOP. Dimensional Fund Advisors LP grew its stake in shares of Koppers by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,187,926 shares of the specialty chemicals company's stock valued at $43,942,000 after buying an additional 18,469 shares during the period. Pzena Investment Management LLC lifted its holdings in Koppers by 91.8% in the third 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 last quarter. Principal Financial Group Inc. grew its position in Koppers by 20.7% in the third quarter. Principal Financial Group Inc. now owns 568,787 shares of the specialty chemicals company's stock worth $20,778,000 after acquiring an additional 97,586 shares during the period. Bank of New York Mellon Corp increased its stake in Koppers by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 221,207 shares of the specialty chemicals company's stock worth $8,182,000 after acquiring an additional 3,402 shares during the last quarter. Finally, Millennium Management LLC raised its position in Koppers by 586.8% in the second quarter. Millennium Management LLC now owns 196,704 shares of the specialty chemicals company's stock valued at $7,276,000 after purchasing an additional 168,063 shares during the period. Hedge funds and other institutional investors own 92.75% of the company's stock.

Koppers Trading Down 0.6 %

Shares of KOP stock traded down $0.23 on Friday, hitting $35.97. The stock had a trading volume of 124,768 shares, compared to its average volume of 122,037. The company's 50 day moving average price is $36.76 and its 200-day moving average price is $37.82. Koppers Holdings Inc. has a 1 year low of $33.80 and a 1 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. The firm has a market capitalization of $729.08 million, a P/E ratio of 10.22 and a beta of 1.83.

Koppers (NYSE:KOP - Get Free Report) last issued its quarterly earnings results on Friday, November 8th. The specialty chemicals company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.12. The business had revenue of $554.30 million for 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%. The business's quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.32 earnings per share. Analysts anticipate that Koppers Holdings Inc. will post 4.24 earnings per share for the current year.

Koppers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.07 per share. The ex-dividend date is Friday, November 29th. This represents a $0.28 annualized dividend and a yield of 0.78%. Koppers's dividend payout ratio (DPR) is 7.95%.

Insider Buying and Selling at Koppers

In other news, CEO M Leroy Ball sold 6,000 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $37.26, for a total value of $223,560.00. Following the transaction, the chief executive officer now owns 314,325 shares in the company, valued at approximately $11,711,749.50. This represents a 1.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stephen R. Tritch sold 3,533 shares of the firm's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $37.08, for a total value of $131,003.64. Following the sale, the director now directly owns 47,737 shares in the company, valued at $1,770,087.96. This trade represents a 6.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,533 shares of company stock valued at $544,164 in the last quarter. Corporate insiders own 6.55% of the company's stock.

Analyst Upgrades and Downgrades

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 report on Monday, November 11th. Singular Research upgraded shares of Koppers to a "strong-buy" rating in a research report on Friday, September 20th. Finally, Barrington Research restated an "outperform" rating and issued a $64.00 price objective on shares of Koppers in a report on Tuesday, November 12th.

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.