UMB Bank N A MO bought a new position in shares of Koppers Holdings Inc. (NYSE:KOP) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,052 shares of the specialty chemicals company’s stock, valued at approximately $266,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Schneider Capital Management Corp grew its stake in Koppers by 11.6% during the 1st quarter. Schneider Capital Management Corp now owns 488,951 shares of the specialty chemicals company’s stock valued at $12,703,000 after purchasing an additional 50,650 shares in the last quarter. THB Asset Management acquired a new stake in Koppers during the 1st quarter valued at approximately $8,084,000. LSV Asset Management grew its stake in Koppers by 7.4% during the 1st quarter. LSV Asset Management now owns 310,186 shares of the specialty chemicals company’s stock valued at $8,058,000 after purchasing an additional 21,300 shares in the last quarter. Norges Bank acquired a new stake in Koppers during the 4th quarter valued at approximately $5,090,000. Finally, Bank of New York Mellon Corp grew its stake in Koppers by 2.0% during the 4th quarter. Bank of New York Mellon Corp now owns 259,314 shares of the specialty chemicals company’s stock valued at $4,418,000 after purchasing an additional 5,010 shares in the last quarter. Hedge funds and other institutional investors own 93.23% of the company’s stock.
KOP has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Koppers from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Thursday, June 27th. ValuEngine lowered Koppers from a “sell” rating to a “strong sell” rating in a research note on Friday, July 12th. Monness Crespi & Hardt restated a “buy” rating and set a $37.00 price objective (up previously from $33.00) on shares of Koppers in a research note on Friday, August 9th. Finally, Barrington Research restated a “buy” rating and set a $35.00 price objective on shares of Koppers in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $36.80.
Shares of KOP traded down $1.37 during mid-day trading on Wednesday, hitting $27.55. The stock had a trading volume of 887 shares, compared to its average volume of 140,297. The stock has a market capitalization of $575.25 million, a P/E ratio of 7.93, a PEG ratio of 0.46 and a beta of 1.10. The company’s fifty day moving average price is $27.47. The company has a debt-to-equity ratio of 10.54, a quick ratio of 1.00 and a current ratio of 2.01. Koppers Holdings Inc. has a fifty-two week low of $15.00 and a fifty-two week high of $36.70.
Koppers (NYSE:KOP) last issued its earnings results on Thursday, August 8th. The specialty chemicals company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.99 by $0.17. The company had revenue of $469.80 million during the quarter, compared to analyst estimates of $491.43 million. Koppers had a return on equity of 77.19% and a net margin of 1.76%. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.93 EPS. On average, equities analysts anticipate that Koppers Holdings Inc. will post 3.39 earnings per share for the current year.
In other news, insider Bradley A. Pearce sold 1,000 shares of Koppers stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $27.75, for a total value of $27,750.00. Following the completion of the transaction, the insider now owns 16,477 shares in the company, valued at approximately $457,236.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.90% of the stock is currently owned by company insiders.
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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