EntryPoint Capital LLC Acquires 2,212 Shares of Koppers Holdings Inc. (NYSE:KOP)

EntryPoint Capital LLC grew its holdings in Koppers Holdings Inc. (NYSE:KOP) by 22.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 12,183 shares of the specialty chemicals company’s stock after acquiring an additional 2,212 shares during the quarter. EntryPoint Capital LLC’s holdings in Koppers were worth $395,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in KOP. Point72 Asia Singapore Pte. Ltd. increased its stake in Koppers by 277.2% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,520 shares of the specialty chemicals company’s stock worth $56,000 after buying an additional 1,117 shares during the period. US Bancorp DE grew its stake in Koppers by 145.1% in the 4th quarter. US Bancorp DE now owns 2,027 shares of the specialty chemicals company’s stock worth $66,000 after acquiring an additional 1,200 shares in the last quarter. R Squared Ltd purchased a new position in shares of Koppers during the fourth quarter worth approximately $69,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Koppers by 345.6% in the third quarter. Public Employees Retirement System of Ohio now owns 2,905 shares of the specialty chemicals company’s stock valued at $106,000 after purchasing an additional 2,253 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in Koppers in the fourth quarter worth approximately $136,000. 92.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on KOP. StockNews.com raised Koppers from a “sell” rating to a “hold” rating in a research report on Saturday, March 22nd. Barrington Research restated an “outperform” rating and issued a $64.00 price objective on shares of Koppers in a report on Monday, February 24th.

Koppers Stock Up 1.2 %

Shares of NYSE KOP opened at $28.70 on Thursday. The stock has a market capitalization of $588.03 million, a PE ratio of 8.15 and a beta of 1.74. The company has a current ratio of 2.54, a quick ratio of 1.13 and a debt-to-equity ratio of 1.83. Koppers Holdings Inc. has a 12-month low of $27.00 and a 12-month high of $56.96. The stock’s fifty day simple moving average is $30.08 and its two-hundred day simple moving average is $33.49.

Koppers (NYSE:KOP) last announced its earnings results 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). The firm had revenue of $477.00 million during the quarter, compared to the consensus estimate of $497.00 million. Koppers had a return on equity of 16.71% and a net margin of 3.55%. As a group, analysts expect that Koppers Holdings Inc. will post 4.24 EPS for the current fiscal year.

Koppers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 7th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.11%. The ex-dividend date was Friday, March 7th. This is an increase from Koppers’s previous quarterly dividend of $0.07. Koppers’s dividend payout ratio (DPR) is currently 13.17%.

Koppers declared that its Board of Directors has approved a stock buyback plan on Thursday, February 27th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the specialty chemicals company to repurchase up to 16.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

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.