Empowered Funds LLC Has $3.75 Million Position in Koppers Holdings Inc. (NYSE:KOP)

Empowered Funds LLC boosted its position in shares of Koppers Holdings Inc. (NYSE:KOP - Free Report) by 137.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 102,586 shares of the specialty chemicals company's stock after purchasing an additional 59,460 shares during the period. Empowered Funds LLC owned 0.50% of Koppers worth $3,747,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC boosted its position in Koppers by 586.8% during the second quarter. Millennium Management LLC now owns 196,704 shares of the specialty chemicals company's stock worth $7,276,000 after purchasing an additional 168,063 shares during the period. Hennessy Advisors Inc. acquired a new position in Koppers in the 2nd quarter valued at $5,671,000. Principal Financial Group Inc. grew 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 buying an additional 97,586 shares during the last quarter. AQR Capital Management LLC raised its holdings in Koppers by 167.5% in the 2nd quarter. AQR Capital Management LLC now owns 94,884 shares of the specialty chemicals company's stock worth $3,510,000 after acquiring an additional 59,416 shares during the period. Finally, Acadian Asset Management LLC lifted its position in Koppers by 91.7% during the 1st quarter. Acadian Asset Management LLC now owns 119,691 shares of the specialty chemicals company's stock worth $6,601,000 after acquiring an additional 57,252 shares during the last quarter. Institutional investors and hedge funds own 92.75% of the company's stock.

Insider Buying and Selling

In other Koppers news, CEO M Leroy Ball sold 5,000 shares of Koppers stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $37.92, for a total transaction of $189,600.00. Following the completion of the transaction, the chief executive officer now directly owns 315,129 shares of the company's stock, valued at $11,949,691.68. The trade was a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.55% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

KOP has been the topic of several research analyst reports. StockNews.com raised Koppers from a "sell" rating to a "hold" rating in a report on Monday, November 11th. Singular Research raised Koppers to a "strong-buy" rating in a research report on Friday, September 20th. Finally, Barrington Research reissued an "outperform" rating and issued a $64.00 price target on shares of Koppers in a report on Tuesday, November 12th.

Koppers Price Performance

Shares of KOP traded down $1.34 on Tuesday, hitting $37.37. The company's stock had a trading volume of 121,945 shares, compared to its average volume of 145,798. The company has a 50 day moving average price of $36.47 and a 200 day moving average price of $38.36. 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 Holdings Inc. has a fifty-two week low of $33.80 and a fifty-two week high of $58.23. The company has a market capitalization of $757.49 million, a PE ratio of 10.62 and a beta of 1.84.

Koppers (NYSE:KOP - Get Free Report) last released its quarterly earnings results on Friday, November 8th. The specialty chemicals company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.12. The firm had revenue of $554.30 million for the quarter, compared to the consensus estimate of $571.80 million. Koppers had a return on equity of 16.71% and a net margin of 3.55%. The company's revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the business posted $1.32 EPS. On average, research analysts anticipate that Koppers Holdings Inc. will post 4.24 earnings per share for the current fiscal year.

Koppers Announces Dividend

The business 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. The ex-dividend date is Friday, November 29th. This represents a $0.28 annualized dividend and a yield of 0.75%. Koppers's dividend payout ratio (DPR) is presently 7.95%.

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.