Foundry Partners LLC Makes New $4.02 Million Investment in Koppers Holdings Inc. (NYSE:KOP)

Foundry Partners LLC acquired a new stake in shares of Koppers Holdings Inc. (NYSE:KOP - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its position in shares of Koppers by 3.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,878 shares of the specialty chemicals company's stock valued at $402,000 after purchasing an additional 376 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Koppers by 3.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 10,700 shares of the specialty chemicals company's stock worth $396,000 after buying an additional 400 shares in the last quarter. Federated Hermes Inc. raised its holdings in Koppers by 0.6% during the 2nd quarter. Federated Hermes Inc. now owns 76,772 shares of the specialty chemicals company's stock valued at $2,840,000 after buying an additional 423 shares during the period. Harbor Capital Advisors Inc. grew its holdings in Koppers by 4.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 10,972 shares of the specialty chemicals company's stock valued at $406,000 after purchasing an additional 434 shares during the last quarter. Finally, EMC Capital Management raised its holdings in shares of Koppers by 8.5% in the first quarter. EMC Capital Management now owns 6,538 shares of the specialty chemicals company's stock worth $361,000 after buying an additional 510 shares during the period. Hedge funds and other institutional investors own 92.75% of the company's stock.

Koppers Price Performance

NYSE KOP traded up $0.44 during trading hours on Friday, reaching $38.22. The company's stock had a trading volume of 128,560 shares, compared to its average volume of 145,836. 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 1-year low of $33.80 and a 1-year high of $58.23. The company's 50-day moving average is $36.55 and its two-hundred day moving average is $38.32. The firm has a market capitalization of $774.68 million, a price-to-earnings ratio of 10.86 and a beta of 1.84.

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

Koppers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, November 29th. Koppers's dividend payout ratio is currently 7.95%.

Insider Activity at Koppers

In related news, CEO M Leroy Ball sold 5,000 shares of Koppers stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $37.92, for a total value of $189,600.00. Following the completion of the sale, the chief executive officer now owns 315,129 shares in the company, valued at approximately $11,949,691.68. This trade represents a 1.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen R. Tritch sold 3,533 shares of the company's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $37.08, for a total value of $131,003.64. Following the transaction, the director now owns 47,737 shares in the company, valued at $1,770,087.96. This trade represents a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,533 shares of company stock valued at $544,164. Corporate insiders own 6.55% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KOP. Singular Research upgraded Koppers to a "strong-buy" rating in a report on Friday, September 20th. Barrington Research restated an "outperform" rating and set a $64.00 price target on shares of Koppers in a research note on Tuesday, November 12th. Finally, StockNews.com upgraded shares of Koppers from a "sell" rating to a "hold" rating in a report on Monday, November 11th.

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.