Allianz Asset Management GmbH cut its position in Koppers Holdings Inc. (NYSE:KOP) by 6.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,525 shares of the specialty chemicals company’s stock after selling 5,298 shares during the period. Allianz Asset Management GmbH owned 0.37% of Koppers worth $3,186,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Macquarie Group Ltd. increased its position in shares of Koppers by 61.1% in the 4th quarter. Macquarie Group Ltd. now owns 5,800 shares of the specialty chemicals company’s stock valued at $295,000 after purchasing an additional 2,200 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Koppers in the 4th quarter valued at approximately $361,000. Stevens Capital Management LP purchased a new stake in shares of Koppers in the 1st quarter valued at approximately $396,000. D.B. Root & Company LLC purchased a new stake in shares of Koppers in the 4th quarter valued at approximately $440,000. Finally, MetLife Investment Advisors LLC purchased a new stake in shares of Koppers in the 4th quarter valued at approximately $522,000. 89.16% of the stock is currently owned by institutional investors.
In other news, Director Cynthia A. Baldwin sold 1,000 shares of the firm’s stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $40.73, for a total value of $40,730.00. Following the completion of the sale, the director now owns 20,976 shares in the company, valued at approximately $854,352.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP R. Michael Johnson bought 20,000 shares of Koppers stock in a transaction dated Thursday, May 17th. The stock was purchased at an average price of $38.94 per share, with a total value of $778,800.00. Following the purchase, the vice president now directly owns 11,534 shares in the company, valued at approximately $449,133.96. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 48,163 shares of company stock valued at $2,011,124. 8.70% of the stock is owned by company insiders.
A number of research analysts recently commented on KOP shares. Zacks Investment Research downgraded shares of Koppers from a “hold” rating to a “sell” rating in a research report on Wednesday, June 13th. TheStreet raised shares of Koppers from a “c” rating to a “b-” rating in a research report on Friday, May 4th. ValuEngine downgraded shares of Koppers from a “hold” rating to a “sell” rating in a research report on Friday, May 4th. Finally, B. Riley set a $60.00 target price on shares of Koppers and gave the company a “buy” rating in a research report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $48.33.
Shares of NYSE:KOP opened at $38.55 on Tuesday. The firm has a market cap of $819.34 million, a P/E ratio of 10.48, a price-to-earnings-growth ratio of 0.56 and a beta of 0.87. The company has a quick ratio of 1.15, a current ratio of 2.07 and a debt-to-equity ratio of 6.60. Koppers Holdings Inc. has a 1-year low of $33.90 and a 1-year high of $51.80.
Koppers (NYSE:KOP) last issued its quarterly earnings results on Thursday, May 3rd. The specialty chemicals company reported $1.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.33. The firm had revenue of $406.10 million during the quarter, compared to analysts’ expectations of $408.20 million. Koppers had a net margin of 2.77% and a return on equity of 90.02%. Koppers’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.68 EPS. research analysts expect that Koppers Holdings Inc. will post 3.83 earnings per share for the current fiscal year.
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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