New York State Common Retirement Fund Purchases 3,948 Shares of Koppers Holdings Inc. (NYSE:KOP)

New York State Common Retirement Fund boosted its holdings in Koppers Holdings Inc. (NYSE:KOP) by 8.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 50,900 shares of the specialty chemicals company’s stock after acquiring an additional 3,948 shares during the period. New York State Common Retirement Fund owned 0.25% of Koppers Holdings worth $1,840,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Envestnet Asset Management Inc. grew its stake in Koppers Holdings by 0.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,902 shares of the specialty chemicals company’s stock valued at $124,000 after acquiring an additional 18 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Koppers Holdings by 0.9% during the 1st quarter. Arizona State Retirement System now owns 10,786 shares of the specialty chemicals company’s stock worth $457,000 after purchasing an additional 100 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Koppers Holdings by 1.6% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 6,200 shares of the specialty chemicals company’s stock worth $263,000 after purchasing an additional 100 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Koppers Holdings by 1.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 8,500 shares of the specialty chemicals company’s stock worth $307,000 after purchasing an additional 100 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Koppers Holdings by 2.1% in the first quarter. PNC Financial Services Group Inc. now owns 5,104 shares of the specialty chemicals company’s stock worth $216,000 after acquiring an additional 104 shares during the last quarter. 87.83% of the stock is currently owned by hedge funds and other institutional investors.

In other Koppers Holdings news, VP Leslie S. Hyde sold 1,810 shares of the business’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $45.00, for a total transaction of $81,450.00. Following the sale, the vice president now owns 19,727 shares in the company, valued at approximately $887,715. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Leslie S. Hyde sold 1,800 shares of the business’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $43.00, for a total value of $77,400.00. Following the sale, the vice president now owns 19,927 shares in the company, valued at approximately $856,861. The disclosure for this sale can be found here. 3.90% of the stock is owned by insiders.

Several equities research analysts recently issued reports on KOP shares. Zacks Investment Research cut shares of Koppers Holdings from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 18th. TheStreet upgraded shares of Koppers Holdings from a “c” rating to a “b-” rating in a report on Thursday, August 3rd. Barrington Research restated an “outperform” rating and issued a $55.00 price target on shares of Koppers Holdings in a report on Thursday, September 14th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $40.00 price target on shares of Koppers Holdings in a report on Thursday, October 12th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $45.40.

Shares of Koppers Holdings Inc. (NYSE KOP) traded down $2.75 on Friday, hitting $47.60. 188,400 shares of the stock traded hands, compared to its average volume of 118,566. Koppers Holdings Inc. has a 52 week low of $33.90 and a 52 week high of $51.80. The firm has a market capitalization of $1,044.53, a P/E ratio of 13.65, a price-to-earnings-growth ratio of 0.75 and a beta of 1.02. The company has a current ratio of 1.81, a quick ratio of 0.98 and a debt-to-equity ratio of 9.26.

Koppers Holdings (NYSE:KOP) last issued its quarterly earnings data on Thursday, November 9th. The specialty chemicals company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.55. Koppers Holdings had a net margin of 3.54% and a return on equity of 153.33%. The business had revenue of $384.80 million for the quarter, compared to analysts’ expectations of $363.00 million. During the same period in the previous year, the business earned $0.99 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis. equities analysts expect that Koppers Holdings Inc. will post 3.75 EPS for the current fiscal year.

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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.

Institutional Ownership by Quarter for Koppers Holdings (NYSE:KOP)

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