Sanctuary Advisors LLC Makes New $568,000 Investment in Koppers Holdings Inc. (NYSE:KOP)

Sanctuary Advisors LLC acquired a new stake in Koppers Holdings Inc. (NYSE:KOP - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 15,342 shares of the specialty chemicals company's stock, valued at approximately $568,000. Sanctuary Advisors LLC owned 0.07% of Koppers at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Acadian Asset Management LLC grew its position in shares of Koppers by 91.7% in the 1st quarter. Acadian Asset Management LLC now owns 119,691 shares of the specialty chemicals company's stock valued at $6,601,000 after acquiring an additional 57,252 shares during the period. Sei Investments Co. lifted its stake in shares of Koppers by 78.6% during the 1st quarter. Sei Investments Co. now owns 65,018 shares of the specialty chemicals company's stock worth $3,587,000 after buying an additional 28,605 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Koppers by 37.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 132,016 shares of the specialty chemicals company's stock worth $4,883,000 after buying an additional 35,741 shares during the last quarter. Hennessy Advisors Inc. acquired a new stake in shares of Koppers during the 2nd quarter worth about $5,671,000. Finally, Natixis Advisors LLC acquired a new stake in shares of Koppers during the 2nd quarter worth about $700,000. Institutional investors own 92.75% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on KOP. Barrington Research restated an "outperform" rating and set a $64.00 target price on shares of Koppers in a research note on Monday, August 12th. Singular Research upgraded shares of Koppers to a "strong-buy" rating in a research note on Friday, September 20th.

Koppers Stock Performance

Koppers stock traded up $0.56 during midday trading on Wednesday, hitting $37.47. The company's stock had a trading volume of 74,916 shares, compared to its average volume of 150,281. 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 1.92, a current ratio of 2.53 and a quick ratio of 1.12. The company has a 50-day moving average price of $37.08 and a two-hundred day moving average price of $41.45. The company has a market cap of $794.36 million, a price-to-earnings ratio of 10.55 and a beta of 1.84.

Koppers (NYSE:KOP - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The specialty chemicals company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.09. Koppers had a net margin of 3.72% and a return on equity of 17.16%. The business had revenue of $563.20 million during the quarter, compared to analysts' expectations of $589.17 million. During the same quarter in the previous year, the company earned $1.26 EPS. The business's revenue was down 2.4% on a year-over-year basis. As a group, sell-side analysts predict that Koppers Holdings Inc. will post 4.05 earnings per share for the current year.

Koppers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Friday, August 30th. Koppers's payout ratio is presently 7.89%.

Insider Activity

In other news, VP Joseph P. Dowd sold 5,516 shares of the business's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $37.72, for a total value of $208,063.52. Following the completion of the transaction, the vice president now directly owns 10,300 shares in the company, valued at approximately $388,516. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 6.55% of the company's stock.

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.