Janney Montgomery Scott LLC Purchases New Position in Koppers Holdings Inc. (NYSE:KOP)

Janney Montgomery Scott LLC acquired a new position in shares of Koppers Holdings Inc. (NYSE:KOP - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,057 shares of the specialty chemicals company's stock, valued at approximately $488,000. Janney Montgomery Scott LLC owned approximately 0.07% of Koppers as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its holdings in shares of Koppers by 170.4% in the third quarter. GAMMA Investing LLC now owns 830 shares of the specialty chemicals company's stock valued at $30,000 after acquiring an additional 523 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Koppers during the third quarter valued at $37,000. KBC Group NV grew its holdings in Koppers by 83.8% during the third quarter. KBC Group NV now owns 1,204 shares of the specialty chemicals company's stock valued at $44,000 after purchasing an additional 549 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its holdings in Koppers by 277.2% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,520 shares of the specialty chemicals company's stock valued at $56,000 after purchasing an additional 1,117 shares during the period. Finally, CWM LLC grew its holdings in Koppers by 47.4% during the third quarter. CWM LLC now owns 2,296 shares of the specialty chemicals company's stock valued at $84,000 after purchasing an additional 738 shares during the period. 92.75% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, 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 completion of the sale, the director now directly owns 47,737 shares in the company, valued at $1,770,087.96. This represents a 6.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO M Leroy Ball sold 6,000 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $37.26, for a total value of $223,560.00. Following the completion of the sale, the chief executive officer now owns 314,325 shares of the company's stock, valued at $11,711,749.50. The trade was a 1.87 % decrease in their position. The disclosure for this sale can be found here. 6.55% of the stock is owned by company insiders.

Koppers Stock Up 0.7 %

Shares of KOP stock traded up $0.21 during trading hours on Thursday, hitting $30.17. 64,871 shares of the company's stock traded hands, compared to its average volume of 104,696. The stock's fifty day simple moving average is $31.50 and its two-hundred day simple moving average is $35.12. Koppers Holdings Inc. has a 12-month low of $28.57 and a 12-month high of $58.23. The stock has a market cap of $611.57 million, a price-to-earnings ratio of 8.57 and a beta of 1.83. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 7th will be issued a $0.08 dividend. This is a positive change from Koppers's previous quarterly dividend of $0.07. This represents a $0.32 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Friday, March 7th. Koppers's payout ratio is presently 7.95%.

Analyst Ratings Changes

A number of brokerages recently issued reports on KOP. StockNews.com upgraded Koppers from a "sell" rating to a "hold" rating in a research report on Monday, November 11th. Barrington Research reaffirmed an "outperform" rating and set a $64.00 price objective on shares of Koppers in a research note on Tuesday, November 12th.

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.