State of Tennessee Treasury Department trimmed its position in Koppers Holdings Inc. (NYSE:KOP) by 9.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,368 shares of the specialty chemicals company’s stock after selling 1,783 shares during the period. State of Tennessee Treasury Department owned 0.08% of Koppers worth $833,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC bought a new stake in Koppers during the fourth quarter worth about $141,000. LS Investment Advisors LLC lifted its stake in shares of Koppers by 314.0% in the fourth quarter. LS Investment Advisors LLC now owns 2,902 shares of the specialty chemicals company’s stock worth $148,000 after buying an additional 2,201 shares in the last quarter. Macquarie Group Ltd. bought a new position in shares of Koppers in the third quarter worth approximately $166,000. Victory Capital Management Inc. bought a new position in shares of Koppers in the third quarter worth approximately $195,000. Finally, Piedmont Investment Advisors LLC bought a new position in shares of Koppers in the third quarter worth approximately $209,000. Hedge funds and other institutional investors own 91.93% of the company’s stock.
Several research analysts have recently weighed in on the stock. B. Riley reissued a “buy” rating and set a $65.00 price objective on shares of Koppers in a report on Tuesday, December 19th. Zacks Investment Research upgraded shares of Koppers from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Thursday, March 8th. TheStreet lowered shares of Koppers from a “b-” rating to a “c” rating in a research report on Tuesday, February 27th. Finally, ValuEngine lowered shares of Koppers from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $48.33.
KOP stock traded down $0.85 during trading on Friday, hitting $40.65. The company had a trading volume of 79,990 shares, compared to its average volume of 121,720. The company has a debt-to-equity ratio of 6.29, a current ratio of 1.80 and a quick ratio of 0.96. The company has a market capitalization of $826.98, a PE ratio of 11.05 and a beta of 0.89. Koppers Holdings Inc. has a 52-week low of $33.90 and a 52-week high of $51.80.
Koppers (NYSE:KOP) last posted its earnings results on Tuesday, February 27th. The specialty chemicals company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.04). Koppers had a net margin of 1.97% and a return on equity of 94.85%. The business had revenue of $366.10 million for the quarter, compared to analysts’ expectations of $308.05 million. During the same period last year, the business posted $0.40 EPS. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. sell-side analysts forecast that Koppers Holdings Inc. will post 4.03 EPS for the current fiscal year.
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Koppers Holdings Inc, through its subsidiaries, provides treated wood products, wood treatment chemicals, and carbon compounds in the United States and internationally. The company operates through three segments: Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC).
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