Goldman Sachs Group Inc. lowered its stake in shares of Koppers Holdings Inc. (NYSE:KOP) by 49.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 99,373 shares of the specialty chemicals company’s stock after selling 96,566 shares during the quarter. Goldman Sachs Group Inc. owned about 0.48% of Koppers worth $5,058,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the business. BlackRock Inc. boosted its position in Koppers by 10.3% during the fourth quarter. BlackRock Inc. now owns 2,831,311 shares of the specialty chemicals company’s stock worth $144,115,000 after purchasing an additional 265,470 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Koppers by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 632,534 shares of the specialty chemicals company’s stock worth $29,191,000 after buying an additional 8,357 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Koppers by 55.6% during the fourth quarter. Renaissance Technologies LLC now owns 331,400 shares of the specialty chemicals company’s stock worth $16,868,000 after buying an additional 118,400 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Koppers by 4.0% during the fourth quarter. Bank of New York Mellon Corp now owns 274,335 shares of the specialty chemicals company’s stock worth $13,965,000 after buying an additional 10,564 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Koppers by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 170,488 shares of the specialty chemicals company’s stock worth $8,677,000 after buying an additional 1,487 shares during the last quarter. 91.93% of the stock is owned by hedge funds and other institutional investors.
Shares of KOP stock opened at $40.65 on Friday. Koppers Holdings Inc. has a 12 month low of $33.90 and a 12 month high of $51.80. The company has a market cap of $862.31, a PE ratio of 11.05 and a beta of 0.89. The company has a debt-to-equity ratio of 6.29, a current ratio of 1.80 and a quick ratio of 0.96.
Koppers (NYSE:KOP) last issued its quarterly 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). The business had revenue of $366.10 million for the quarter, compared to analyst estimates of $308.05 million. Koppers had a return on equity of 94.85% and a net margin of 1.97%. The firm’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 earnings per share. equities analysts anticipate that Koppers Holdings Inc. will post 4.03 earnings per share for the current fiscal year.
A number of brokerages have recently commented on KOP. B. Riley reiterated a “buy” rating and set a $65.00 price target on shares of Koppers in a report on Tuesday, December 19th. Zacks Investment Research lowered Koppers from a “strong-buy” rating to a “sell” rating in a report on Wednesday, January 17th. ValuEngine lowered Koppers from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, TheStreet lowered Koppers from a “b-” rating to a “c” rating in a report on Tuesday, February 27th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Koppers has an average rating of “Buy” and a consensus target price of $48.33.
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Koppers Company Profile
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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