Nordea Investment Management AB increased its stake in shares of Koppers Holdings Inc. (NYSE:KOP) by 9.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,473 shares of the specialty chemicals company’s stock after acquiring an additional 5,090 shares during the period. Nordea Investment Management AB owned about 0.28% of Koppers worth $2,699,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Voya Investment Management LLC grew its holdings in Koppers by 282.8% during the second quarter. Voya Investment Management LLC now owns 33,631 shares of the specialty chemicals company’s stock worth $1,216,000 after acquiring an additional 24,845 shares during the period. Prudential Financial Inc. grew its holdings in Koppers by 5.1% in the second quarter. Prudential Financial Inc. now owns 284,960 shares of the specialty chemicals company’s stock valued at $10,301,000 after purchasing an additional 13,796 shares during the period. First Trust Advisors LP acquired a new stake in Koppers in the second quarter valued at approximately $1,709,000. Citigroup Inc. grew its holdings in Koppers by 186.7% in the second quarter. Citigroup Inc. now owns 63,150 shares of the specialty chemicals company’s stock valued at $2,283,000 after purchasing an additional 41,123 shares during the period. Finally, BlueCrest Capital Management Ltd acquired a new stake in Koppers in the second quarter valued at approximately $255,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.
In other news, VP Leslie S. Hyde sold 1,800 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $43.00, for a total value of $77,400.00. Following the transaction, the vice president now owns 19,927 shares in the company, valued at $856,861. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Leslie S. Hyde sold 1,810 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $45.00, for a total value of $81,450.00. Following the completion of the transaction, the vice president now owns 19,727 shares in the company, valued at approximately $887,715. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock.
Several analysts have commented on the company. Jefferies Group reissued a “hold” rating and issued a $40.00 price objective on shares of Koppers in a report on Thursday, October 12th. Zacks Investment Research raised Koppers from a “hold” rating to a “strong-buy” rating and set a $53.00 price objective on the stock in a report on Friday, November 17th. Finally, Barrington Research reissued an “outperform” rating and issued a $55.00 price objective on shares of Koppers in a report on Thursday, September 14th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $47.20.
Koppers Holdings Inc. (KOP) traded down $0.25 during midday trading on Tuesday, hitting $50.15. The stock had a trading volume of 158,000 shares, compared to its average volume of 120,542. The stock has a market capitalization of $1,040.00, a P/E ratio of 13.66, a PEG ratio of 0.75 and a beta of 1.01. Koppers Holdings Inc. has a 1-year low of $33.90 and a 1-year high of $51.80. The company has a debt-to-equity ratio of 6.08, a quick ratio of 1.13 and a current ratio of 2.02.
Koppers (NYSE:KOP) last released its earnings results on Thursday, November 9th. The specialty chemicals company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.55. The business had revenue of $384.80 million for the quarter, compared to the consensus estimate of $363.00 million. Koppers had a return on equity of 119.06% and a net margin of 3.54%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.99 earnings per share. research analysts forecast that Koppers Holdings Inc. will post 3.75 EPS for the current fiscal year.
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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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