Waterfront Wealth Inc. Invests $428,000 in Koppers Holdings Inc. (NYSE:KOP)

Waterfront Wealth Inc. purchased a new stake in Koppers Holdings Inc. (NYSE:KOP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 13,200 shares of the specialty chemicals company's stock, valued at approximately $428,000. Waterfront Wealth Inc. owned 0.07% of Koppers at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Meeder Asset Management Inc. acquired a new stake in shares of Koppers during the 3rd quarter worth about $37,000. KBC Group NV boosted its stake in 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 during the period. Point72 Asia Singapore Pte. Ltd. increased its position in shares of 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 acquiring an additional 1,117 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Koppers in the 4th quarter valued at approximately $69,000. Finally, CWM LLC lifted its holdings in shares of Koppers by 47.4% in the 3rd quarter. CWM LLC now owns 2,296 shares of the specialty chemicals company's stock worth $84,000 after acquiring an additional 738 shares during the last quarter. Hedge funds and other institutional investors own 92.75% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on KOP shares. Barrington Research reissued an "outperform" rating and issued a $64.00 target price on shares of Koppers in a research report on Monday. StockNews.com upgraded Koppers from a "sell" rating to a "hold" rating in a report on Monday, November 11th.

Koppers Stock Up 3.4 %

KOP traded up $1.04 during trading hours on Tuesday, hitting $31.72. 50,564 shares of the company's stock were exchanged, compared to its average volume of 104,675. The firm has a market cap of $642.83 million, a P/E ratio of 9.01 and a beta of 1.83. Koppers Holdings Inc. has a 12-month low of $28.57 and a 12-month high of $58.23. The company has a current ratio of 2.54, a quick ratio of 1.13 and a debt-to-equity ratio of 1.83. The firm has a 50 day moving average of $30.94 and a 200 day moving average of $34.75.

Koppers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 7th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, March 7th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.01%. This is a positive change from Koppers's previous quarterly dividend of $0.07. Koppers's dividend payout ratio is currently 9.09%.

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.