Denali Advisors LLC Raises Stock Holdings in Koppers Holdings Inc. (NYSE:KOP)

Denali Advisors LLC grew its position in Koppers Holdings Inc. (NYSE:KOP) by 45.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,300 shares of the specialty chemicals company’s stock after acquiring an additional 6,700 shares during the quarter. Denali Advisors LLC owned about 0.11% of Koppers worth $690,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in Koppers by 0.8% during the 4th quarter. Bank of New York Mellon Corp now owns 201,557 shares of the specialty chemicals company’s stock worth $6,530,000 after purchasing an additional 1,596 shares during the period. Waterfront Wealth Inc. purchased a new stake in shares of Koppers in the fourth quarter valued at about $428,000. New York State Common Retirement Fund boosted its stake in shares of Koppers by 54.0% during the fourth quarter. New York State Common Retirement Fund now owns 17,970 shares of the specialty chemicals company’s stock worth $582,000 after buying an additional 6,300 shares during the period. Rhumbline Advisers grew its holdings in shares of Koppers by 0.8% during the fourth quarter. Rhumbline Advisers now owns 70,685 shares of the specialty chemicals company’s stock worth $2,290,000 after buying an additional 574 shares during the last quarter. Finally, Empowered Funds LLC increased its position in Koppers by 5.1% in the 4th quarter. Empowered Funds LLC now owns 107,819 shares of the specialty chemicals company’s stock valued at $3,493,000 after acquiring an additional 5,233 shares during the period. 92.75% of the stock is currently owned by hedge funds and other institutional investors.

Koppers Trading Up 1.1 %

NYSE KOP opened at $32.26 on Thursday. The company has a quick ratio of 1.13, a current ratio of 2.54 and a debt-to-equity ratio of 1.83. The stock has a market capitalization of $653.88 million, a P/E ratio of 9.16 and a beta of 1.83. Koppers Holdings Inc. has a 52-week low of $28.57 and a 52-week high of $58.23. The firm has a 50-day moving average price of $30.96 and a 200 day moving average price of $34.72.

Koppers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 7th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.99%. This is an increase from Koppers’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Friday, March 7th. Koppers’s dividend payout ratio is 9.09%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. StockNews.com raised Koppers from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Barrington Research reaffirmed an “outperform” rating and set a $64.00 price target on shares of Koppers in a report on Monday.

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.