Teachers Advisors LLC boosted its holdings in Koppers Holdings Inc. (NYSE:KOP) by 14.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 283,177 shares of the specialty chemicals company’s stock after purchasing an additional 35,225 shares during the quarter. Teachers Advisors LLC owned about 1.37% of Koppers Holdings worth $10,237,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nationwide Fund Advisors increased its stake in Koppers Holdings by 7.6% in the first quarter. Nationwide Fund Advisors now owns 34,593 shares of the specialty chemicals company’s stock valued at $1,465,000 after purchasing an additional 2,452 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Koppers Holdings by 81.8% during the first quarter. Wells Fargo & Company MN now owns 33,403 shares of the specialty chemicals company’s stock worth $1,414,000 after purchasing an additional 15,026 shares in the last quarter. Great West Life Assurance Co. Can raised its holdings in Koppers Holdings by 2.9% during the first quarter. Great West Life Assurance Co. Can now owns 27,234 shares of the specialty chemicals company’s stock worth $1,152,000 after purchasing an additional 755 shares in the last quarter. US Bancorp DE raised its holdings in Koppers Holdings by 111.7% during the first quarter. US Bancorp DE now owns 2,532 shares of the specialty chemicals company’s stock worth $107,000 after purchasing an additional 1,336 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Koppers Holdings by 5.5% during the first quarter. Bank of New York Mellon Corp now owns 247,614 shares of the specialty chemicals company’s stock worth $10,486,000 after purchasing an additional 12,859 shares in the last quarter. 87.90% of the stock is owned by hedge funds and other institutional investors.

KOP has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Koppers Holdings from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Wednesday, July 12th. FBR & Co reiterated an “outperform” rating and set a $44.00 price target on shares of Koppers Holdings in a research note on Tuesday, July 11th. Barrington Research reiterated an “outperform” rating and set a $55.00 price target on shares of Koppers Holdings in a research note on Thursday, September 14th. TheStreet raised shares of Koppers Holdings from a “c” rating to a “b-” rating in a research report on Thursday, August 3rd. Finally, Wunderlich raised shares of Koppers Holdings from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Wednesday, June 28th. One research 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. Koppers Holdings has an average rating of “Buy” and a consensus price target of $45.40.

Koppers Holdings Inc. (NYSE KOP) opened at 46.95 on Tuesday. The firm has a market cap of $973.98 million, a price-to-earnings ratio of 23.91 and a beta of 0.98. Koppers Holdings Inc. has a 52-week low of $31.28 and a 52-week high of $47.50. The firm’s 50-day moving average price is $40.46 and its 200 day moving average price is $39.01.

Koppers Holdings (NYSE:KOP) last announced its quarterly earnings data on Thursday, August 3rd. The specialty chemicals company reported $1.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.26. Koppers Holdings had a return on equity of 153.51% and a net margin of 3.02%. The firm had revenue of $378.00 million for the quarter, compared to analysts’ expectations of $369.00 million. During the same quarter in the prior year, the firm posted $0.93 earnings per share. Koppers Holdings’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, equities research analysts forecast that Koppers Holdings Inc. will post $3.24 EPS for the current year.

In related news, VP Leslie S. Hyde sold 1,810 shares of the firm’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $45.00, for a total transaction of $81,450.00. Following the transaction, the vice president now directly owns 19,727 shares in the company, valued at $887,715. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Leslie S. Hyde sold 1,800 shares of the firm’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $43.00, for a total value of $77,400.00. Following the transaction, the vice president now owns 19,927 shares in the company, valued at $856,861. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by company insiders.

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Koppers Holdings Company Profile

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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