Mason Street Advisors LLC bought a new position in Koppers Holdings Inc. (NYSE:KOP) during the second quarter, according to its most recent disclosure with the SEC. The fund bought 4,031 shares of the company’s stock, valued at approximately $124,000.
Several other large investors also recently added to or reduced their stakes in the company. Societe Generale acquired a new position in shares of Koppers Holdings during the second quarter worth about $109,000. SG Americas Securities LLC acquired a new position in shares of Koppers Holdings during the second quarter worth about $109,000. Public Employees Retirement System of Ohio increased its position in shares of Koppers Holdings by 1.0% in the second quarter. Public Employees Retirement System of Ohio now owns 3,795 shares of the company’s stock worth $117,000 after buying an additional 38 shares during the last quarter. BlackRock Inc. increased its position in shares of Koppers Holdings by 68.9% in the second quarter. BlackRock Inc. now owns 4,147 shares of the company’s stock worth $128,000 after buying an additional 1,692 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of Koppers Holdings by 30.0% in the second quarter. Advisors Asset Management Inc. now owns 4,510 shares of the company’s stock worth $139,000 after buying an additional 1,040 shares during the last quarter. 87.98% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Koppers Holdings Inc. (NYSE:KOP) opened at 32.12 on Monday. Koppers Holdings Inc. has a 12 month low of $13.58 and a 12 month high of $33.71. The firm has a 50-day moving average price of $31.72 and a 200-day moving average price of $28.85. The stock’s market cap is $663.34 million.
Koppers Holdings (NYSE:KOP) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.32. Koppers Holdings had a positive return on equity of 251.65% and a negative net margin of 4.37%. The business had revenue of $385.10 million for the quarter, compared to the consensus estimate of $395.95 million. During the same period last year, the business posted $0.68 EPS. The business’s revenue was down 10.8% compared to the same quarter last year. Equities analysts forecast that Koppers Holdings Inc. will post $2.14 EPS for the current year.
KOP has been the topic of a number of recent research reports. Jefferies Group reissued a “buy” rating on shares of Koppers Holdings in a report on Wednesday, July 6th. Wunderlich increased their target price on Koppers Holdings from $32.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, June 30th. Zacks Investment Research downgraded Koppers Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, October 12th. Finally, Monness Crespi & Hardt downgraded Koppers Holdings from a “buy” rating to a “neutral” rating in a report on Monday, July 18th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Koppers Holdings presently has an average rating of “Buy” and a consensus price target of $37.00.
In related news, VP Steven R. Lacy sold 6,670 shares of the business’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $32.76, for a total transaction of $218,509.20. Following the transaction, the vice president now directly owns 57,788 shares in the company, valued at approximately $1,893,134.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Leslie S. Hyde sold 2,850 shares of the business’s stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $32.48, for a total value of $92,568.00. Following the transaction, the vice president now owns 25,432 shares in the company, valued at $826,031.36. The disclosure for this sale can be found here. 4.69% of the stock is owned by insiders.
About Koppers Holdings
Koppers Holdings Inc is an integrated global provider of treated wood products, wood treatment chemicals and carbon compounds. The Company operates through three business segments: Railroad and Utility Products and Services (RUPS), Carbon Materials and Chemicals (CMC) and Performance Chemicals (PC). The Railroad and Utility Products and Services segment sells treated and untreated wood products, rail joint bars and services primarily to the railroad industry and treated wood products to the utility industry.
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