Koppers Holdings Inc. (NYSE:KOP) Shares Sold by Skylands Capital LLC

Skylands Capital LLC lessened its holdings in Koppers Holdings Inc. (NYSE:KOP - Free Report) by 35.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,450 shares of the specialty chemicals company's stock after selling 11,000 shares during the period. Skylands Capital LLC owned approximately 0.10% of Koppers worth $663,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. CWM LLC raised its stake in shares of Koppers by 47.4% in the third quarter. CWM LLC now owns 2,296 shares of the specialty chemicals company's stock valued at $84,000 after acquiring an additional 738 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of 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 period. Victory Capital Management Inc. boosted its stake in shares of Koppers by 36.6% in the 3rd quarter. Victory Capital Management Inc. now owns 28,000 shares of the specialty chemicals company's stock valued at $1,023,000 after buying an additional 7,500 shares during the period. KBC Group NV grew its position in shares of Koppers by 83.8% during the third quarter. KBC Group NV now owns 1,204 shares of the specialty chemicals company's stock worth $44,000 after buying an additional 549 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in Koppers by 137.9% in the third quarter. Empowered Funds LLC now owns 102,586 shares of the specialty chemicals company's stock valued at $3,747,000 after acquiring an additional 59,460 shares in the last quarter. Institutional investors and hedge funds own 92.75% of the company's stock.

Koppers Stock Down 8.6 %

KOP stock traded down $2.77 during midday trading on Thursday, reaching $29.51. 575,484 shares of the company were exchanged, compared to its average volume of 122,626. The company has a market cap of $598.04 million, a price-to-earnings ratio of 8.38 and a beta of 1.83. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.13 and a current ratio of 2.54. Koppers Holdings Inc. has a 1-year low of $27.33 and a 1-year high of $58.23. The stock's 50-day simple moving average is $30.92 and its 200 day simple moving average is $34.68.

Koppers (NYSE:KOP - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The specialty chemicals company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.18). Koppers had a net margin of 3.55% and a return on equity of 16.71%. On average, equities analysts forecast that Koppers Holdings Inc. will post 4.24 earnings per share for the current year.

Koppers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 7th will be paid a $0.08 dividend. The ex-dividend date is Friday, March 7th. This represents a $0.32 dividend on an annualized basis and a yield of 1.08%. This is a boost from Koppers's previous quarterly dividend of $0.07. Koppers's payout ratio is currently 9.09%.

Wall Street Analysts Forecast Growth

KOP has been the topic of a number of analyst reports. Barrington Research restated an "outperform" rating and issued a $64.00 price objective on shares of Koppers in a report on Monday. StockNews.com raised Koppers from a "sell" rating to a "hold" rating in a report on Monday, November 11th.

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.