Bessemer Group Inc. increased its position in shares of Koppers Holdings Inc. (NYSE:KOP) by 77.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,400 shares of the specialty chemicals company’s stock after buying an additional 4,100 shares during the quarter. Bessemer Group Inc.’s holdings in Koppers were worth $434,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Koppers by 7.2% in the second quarter. Vanguard Group Inc. now owns 2,627,991 shares of the specialty chemicals company’s stock valued at $95,002,000 after acquiring an additional 176,347 shares in the last quarter. BlackRock Inc. grew its holdings in Koppers by 32,452.7% during the first quarter. BlackRock Inc. now owns 2,529,668 shares of the specialty chemicals company’s stock valued at $107,130,000 after purchasing an additional 2,521,897 shares during the period. State of New Jersey Common Pension Fund D grew its holdings in Koppers by 25.0% during the second quarter. State of New Jersey Common Pension Fund D now owns 900,000 shares of the specialty chemicals company’s stock valued at $32,535,000 after purchasing an additional 180,000 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Koppers by 2.2% during the second quarter. Dimensional Fund Advisors LP now owns 624,177 shares of the specialty chemicals company’s stock worth $22,564,000 after acquiring an additional 13,383 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Koppers by 11.3% during the second quarter. State Street Corp now owns 573,048 shares of the specialty chemicals company’s stock worth $20,716,000 after acquiring an additional 58,405 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.
In other Koppers news, VP Leslie S. Hyde sold 1,800 shares of Koppers stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $43.00, for a total value of $77,400.00. Following the completion of the sale, the vice president now owns 19,927 shares of the company’s stock, valued at approximately $856,861. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Leslie S. Hyde sold 1,810 shares of Koppers stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $45.00, for a total transaction of $81,450.00. Following the completion of the sale, the vice president now directly owns 19,727 shares of the company’s stock, valued at approximately $887,715. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by company insiders.
Shares of Koppers Holdings Inc. (NYSE KOP) traded down $0.25 on Monday, reaching $50.15. 158,074 shares of the company’s stock traded hands, compared to its average volume of 120,542. The company has a quick ratio of 1.13, a current ratio of 2.02 and a debt-to-equity ratio of 6.08. Koppers Holdings Inc. has a twelve month low of $33.90 and a twelve month high of $51.80. The stock has a market capitalization of $1,045.57, a price-to-earnings ratio of 13.66, a PEG ratio of 0.75 and a beta of 1.01.
Koppers (NYSE:KOP) last released its earnings results on Thursday, November 9th. The specialty chemicals company reported $1.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.55. Koppers had a net margin of 3.54% and a return on equity of 119.06%. The firm had revenue of $384.80 million during the quarter, compared to analyst estimates of $363.00 million. During the same period last year, the business earned $0.99 earnings per share. The business’s revenue was up 3.7% on a year-over-year basis. analysts anticipate that Koppers Holdings Inc. will post 3.75 earnings per share for the current fiscal year.
Several equities research analysts have issued reports on the company. Jefferies Group restated a “hold” rating and set a $40.00 target price on shares of Koppers in a research report on Thursday, October 12th. Zacks Investment Research upgraded Koppers from a “hold” rating to a “strong-buy” rating and set a $53.00 price target on the stock in a research report on Friday, November 17th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $55.00 price objective on shares of Koppers in a research note on Thursday, September 14th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $47.20.
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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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