Koppers Holdings Inc. (KOP) Shares Sold by Bank of Montreal Can

Bank of Montreal Can cut its stake in shares of Koppers Holdings Inc. (NYSE:KOP) by 9.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 66,266 shares of the specialty chemicals company’s stock after selling 6,866 shares during the period. Bank of Montreal Can’s holdings in Koppers Holdings were worth $2,396,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Capital One National Association increased its stake in Koppers Holdings by 6.2% in the second quarter. Capital One National Association now owns 8,826 shares of the specialty chemicals company’s stock valued at $319,000 after buying an additional 512 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in Koppers Holdings by 4.8% in the first quarter. Public Employees Retirement System of Ohio now owns 10,085 shares of the specialty chemicals company’s stock valued at $427,000 after buying an additional 458 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in Koppers Holdings by 1.6% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 6,200 shares of the specialty chemicals company’s stock valued at $263,000 after buying an additional 100 shares in the last quarter. AQR Capital Management LLC increased its stake in Koppers Holdings by 20.0% in the first quarter. AQR Capital Management LLC now owns 110,306 shares of the specialty chemicals company’s stock valued at $4,672,000 after buying an additional 18,360 shares in the last quarter. Finally, Gotham Asset Management LLC increased its stake in Koppers Holdings by 84.0% in the first quarter. Gotham Asset Management LLC now owns 83,740 shares of the specialty chemicals company’s stock valued at $3,546,000 after buying an additional 38,229 shares in the last quarter. Hedge funds and other institutional investors own 90.18% of the company’s stock.

Shares of Koppers Holdings Inc. (NYSE KOP) traded down 1.15% during midday trading on Friday, reaching $38.75. The company’s stock had a trading volume of 20,442 shares. Koppers Holdings Inc. has a 52 week low of $28.54 and a 52 week high of $45.85. The firm has a market capitalization of $803.87 million, a price-to-earnings ratio of 19.73 and a beta of 0.97. The firm’s 50 day moving average is $36.83 and its 200 day moving average is $39.61.

Koppers Holdings (NYSE:KOP) last issued its quarterly earnings data on Thursday, August 3rd. The specialty chemicals company reported $1.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.26. The firm had revenue of $378 million during the quarter, compared to analysts’ expectations of $369 million. Koppers Holdings had a net margin of 3.02% and a return on equity of 153.51%. Koppers Holdings’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.93 earnings per share. Equities analysts forecast that Koppers Holdings Inc. will post $3.24 EPS for the current fiscal year.

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Several brokerages have weighed in on KOP. Zacks Investment Research upgraded Koppers Holdings from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Tuesday. TheStreet upgraded Koppers Holdings from a “c” rating to a “b-” rating in a report on Thursday, August 3rd. FBR & Co restated an “outperform” rating and set a $44.00 price target on shares of Koppers Holdings in a report on Tuesday, July 11th. Wunderlich upgraded Koppers Holdings from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Wednesday, June 28th. Finally, ValuEngine upgraded Koppers Holdings from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 1st. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Koppers Holdings has an average rating of “Buy” and a consensus price target of $45.40.

In related news, SVP Thomas D. Loadman sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $38.92, for a total value of $389,200.00. Following the completion of the sale, the senior vice president now directly owns 48,927 shares in the company, valued at $1,904,238.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Thomas D. Loadman sold 3,000 shares of the company’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $35.01, for a total transaction of $105,030.00. Following the completion of the sale, the senior vice president now owns 35,927 shares of the company’s stock, valued at $1,257,804.27. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.

About Koppers Holdings

Koppers Holdings Inc is a global integrated provider of treated wood products, wood treatment chemicals and carbon compounds. The Company operates through three segments: Railroad and Utility Products and Services (RUPS), Carbon Materials and Chemicals (CMC) and Performance Chemicals (PC). The RUPS business sells treated and untreated wood products, rail joint bars and services primarily to the railroad markets.

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Institutional Ownership by Quarter for Koppers Holdings (NYSE:KOP)

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