BNP Paribas Arbitrage SA increased its stake in Koppers Holdings Inc. (NYSE:KOP) by 69.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,207 shares of the specialty chemicals company’s stock after purchasing an additional 3,375 shares during the period. BNP Paribas Arbitrage SA’s holdings in Koppers Holdings were worth $297,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in shares of Koppers Holdings by 32,452.7% in the 1st quarter. BlackRock Inc. now owns 2,529,668 shares of the specialty chemicals company’s stock worth $107,130,000 after purchasing an additional 2,521,897 shares during the last quarter. Vanguard Group Inc. raised its stake in Koppers Holdings by 7.9% during the 1st quarter. Vanguard Group Inc. now owns 2,451,644 shares of the specialty chemicals company’s stock valued at $103,828,000 after acquiring an additional 179,784 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in Koppers Holdings by 25.0% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 900,000 shares of the specialty chemicals company’s stock valued at $32,535,000 after acquiring an additional 180,000 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Koppers Holdings by 10.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 273,876 shares of the specialty chemicals company’s stock valued at $9,900,000 after acquiring an additional 26,262 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in Koppers Holdings by 8.3% during the 1st quarter. Prudential Financial Inc. now owns 271,164 shares of the specialty chemicals company’s stock valued at $11,484,000 after acquiring an additional 20,730 shares in the last quarter. 87.90% of the stock is currently owned by institutional investors and hedge funds.

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Several analysts have weighed in on the company. TheStreet raised Koppers Holdings from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. Barrington Research reaffirmed an “outperform” rating and set a $55.00 target price on shares of Koppers Holdings in a research note on Thursday, September 14th. Zacks Investment Research raised Koppers Holdings from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Tuesday, August 8th. Jefferies Group LLC downgraded Koppers Holdings from a “buy” rating to a “hold” rating and cut their target price for the company from $48.00 to $40.00 in a research note on Wednesday, May 31st. Finally, ValuEngine raised Koppers Holdings from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 1st. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $45.40.

Shares of Koppers Holdings Inc. (NYSE KOP) opened at 42.45 on Wednesday. The company has a market cap of $880.63 million, a P/E ratio of 21.61 and a beta of 0.97. Koppers Holdings Inc. has a 52 week low of $30.44 and a 52 week high of $45.85. The firm’s 50-day moving average price is $38.90 and its 200 day moving average price is $38.84.

Koppers Holdings (NYSE:KOP) last announced its earnings results on Thursday, August 3rd. The specialty chemicals company reported $1.18 EPS for the quarter, topping the consensus estimate of $0.92 by $0.26. The business had revenue of $378.00 million for the quarter, compared to the consensus estimate of $369.00 million. Koppers Holdings had a return on equity of 153.51% and a net margin of 3.02%. Koppers Holdings’s revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 EPS. On average, equities analysts predict that Koppers Holdings Inc. will post $3.24 EPS for the current fiscal year.

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.

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

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