Capital One National Association acquired a new position in Koppers Holdings Inc. (NYSE:KOP) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,314 shares of the specialty chemicals company’s stock, valued at approximately $352,000.
Other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. increased its position in shares of Koppers Holdings by 24.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,884 shares of the specialty chemicals company’s stock worth $116,000 after buying an additional 570 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of Koppers Holdings by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,570 shares of the specialty chemicals company’s stock worth $147,000 after buying an additional 70 shares during the last quarter. Aperio Group LLC acquired a new position in shares of Koppers Holdings during the third quarter worth about $203,000. Janney Capital Management LLC acquired a new position in shares of Koppers Holdings during the first quarter worth about $231,000. Finally, Chicago Equity Partners LLC acquired a new position in shares of Koppers Holdings during the first quarter worth about $305,000. 86.83% of the stock is owned by institutional investors.
Koppers Holdings Inc. (NYSE:KOP) traded up 2.16% during trading on Friday, hitting $37.80. The company had a trading volume of 39,433 shares. The stock has a market capitalization of $786.47 million, a price-to-earnings ratio of 23.23 and a beta of 0.92. Koppers Holdings Inc. has a 52-week low of $23.61 and a 52-week high of $45.85. The firm’s 50 day moving average is $40.95 and its 200-day moving average is $40.66.
Koppers Holdings (NYSE:KOP) last announced its earnings results on Friday, May 5th. The specialty chemicals company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.33. The business had revenue of $346.60 million during the quarter, compared to the consensus estimate of $327.10 million. Koppers Holdings had a negative net margin of 4.42% and a positive return on equity of 1,225.00%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 earnings per share. On average, equities analysts forecast that Koppers Holdings Inc. will post $2.92 earnings per share for the current year.
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KOP has been the topic of a number of recent analyst reports. Zacks Investment Research raised Koppers Holdings from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research report on Wednesday, April 5th. Barrington Research upped their price target on Koppers Holdings from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Monday, May 8th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $45.25.
In other Koppers Holdings news, SVP Thomas D. Loadman sold 3,381 shares of the stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $44.85, for a total transaction of $151,637.85. Following the transaction, the senior vice president now directly owns 39,438 shares in the company, valued at approximately $1,768,794.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Thomas D. Loadman sold 10,000 shares of the stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $38.92, for a total transaction of $389,200.00. Following the transaction, the senior vice president now owns 48,927 shares in the company, valued at $1,904,238.84. The disclosure for this sale can be found here. Insiders sold 19,881 shares of company stock valued at $827,618 over the last 90 days. Insiders own 4.69% of the company’s stock.
Koppers Holdings Company Profile
Koppers Holdings Inc is a global integrated provider of treated wood products, wood treatment chemicals and carbon compounds. The Company operates through three segments: Railroad and Utility Products and Services (RUPS), Carbon Materials and Chemicals (CMC) and Performance Chemicals (PC). The RUPS business sells treated and untreated wood products, rail joint bars and services primarily to the railroad markets.
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