Dana Investment Advisors Inc. Decreases Stock Position in Koppers Holdings Inc. (NYSE:KOP)

Dana Investment Advisors Inc. cut its position in Koppers Holdings Inc. (NYSE:KOP - Free Report) by 5.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 224,368 shares of the specialty chemicals company's stock after selling 12,938 shares during the period. Dana Investment Advisors Inc. owned 1.11% of Koppers worth $7,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its holdings in Koppers by 9.3% in the 4th quarter. Victory Capital Management Inc. now owns 30,600 shares of the specialty chemicals company's stock valued at $991,000 after purchasing an additional 2,600 shares in the last quarter. US Bancorp DE raised its position in shares of Koppers by 145.1% in the fourth quarter. US Bancorp DE now owns 2,027 shares of the specialty chemicals company's stock valued at $66,000 after buying an additional 1,200 shares during the last quarter. Denali Advisors LLC lifted its stake in shares of Koppers by 45.9% in the fourth quarter. Denali Advisors LLC now owns 21,300 shares of the specialty chemicals company's stock worth $690,000 after buying an additional 6,700 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Koppers by 0.8% in the 4th quarter. Bank of New York Mellon Corp now owns 201,557 shares of the specialty chemicals company's stock valued at $6,530,000 after acquiring an additional 1,596 shares during the last quarter. Finally, Waterfront Wealth Inc. purchased a new position in Koppers in the 4th quarter worth approximately $428,000. 92.75% of the stock is currently owned by hedge funds and other institutional investors.

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Koppers Trading Up 0.4 %

NYSE:KOP traded up $0.13 on Friday, hitting $29.88. The stock had a trading volume of 251,911 shares, compared to its average volume of 137,678. The company has a fifty day moving average price of $30.57 and a two-hundred day moving average price of $34.32. The stock has a market cap of $612.04 million, a price-to-earnings ratio of 8.49 and a beta of 1.74. 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 Holdings Inc. has a 1-year low of $27.00 and a 1-year high of $56.96.

Koppers (NYSE:KOP - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The specialty chemicals company reported $0.77 EPS for the quarter, missing analysts' consensus estimates of $0.95 by ($0.18). Koppers had a net margin of 3.55% and a return on equity of 16.71%. The business had revenue of $477.00 million during the quarter, compared to analyst estimates of $497.00 million. Equities research analysts expect that Koppers Holdings Inc. will post 4.24 earnings per share for the current fiscal year.

Koppers declared that its board has authorized a share buyback program on Thursday, February 27th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the specialty chemicals company to buy up to 16.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.

Koppers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 7th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.07%. This is an increase from Koppers's previous quarterly dividend of $0.07. The ex-dividend date is Friday, March 7th. Koppers's dividend payout ratio (DPR) is presently 13.17%.

Wall Street Analyst Weigh In

KOP has been the subject of a number of analyst reports. Barrington Research restated an "outperform" rating and issued a $64.00 price target on shares of Koppers in a research report on Monday, February 24th. StockNews.com downgraded Koppers from a "hold" rating to a "sell" rating in a research note on Monday, March 3rd.

Koppers 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.