Emerald Advisers Inc. PA Acquires 2,939 Shares of Koppers Holdings Inc. (KOP)
Emerald Advisers Inc. PA increased its holdings in shares of Koppers Holdings Inc. (NYSE:KOP) by 19.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,837 shares of the specialty chemicals company’s stock after buying an additional 2,939 shares during the period. Emerald Advisers Inc. PA owned about 0.09% of Koppers Holdings worth $823,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue increased its position in shares of Koppers Holdings by 80.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 4,110 shares of the specialty chemicals company’s stock valued at $148,000 after purchasing an additional 1,830 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of Koppers Holdings by 4.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 4,880 shares of the specialty chemicals company’s stock valued at $176,000 after purchasing an additional 210 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Koppers Holdings in the 3rd quarter valued at approximately $195,000. Virtu KCG Holdings LLC purchased a new stake in shares of Koppers Holdings in the 2nd quarter valued at approximately $201,000. Finally, Janney Capital Management LLC increased its position in shares of Koppers Holdings by 8.9% in the 2nd quarter. Janney Capital Management LLC now owns 5,953 shares of the specialty chemicals company’s stock valued at $215,000 after purchasing an additional 487 shares during the last quarter. 87.83% of the stock is currently owned by institutional investors.
A number of equities research analysts have commented on KOP shares. FBR & Co reissued an “outperform” rating and issued a $44.00 price objective on shares of Koppers Holdings in a research report on Tuesday, July 11th. Zacks Investment Research raised shares of Koppers Holdings from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Wednesday, July 12th. TheStreet raised shares of Koppers Holdings from a “c” rating to a “b-” rating in a research report on Thursday, August 3rd. Barrington Research reaffirmed an “outperform” rating and issued a $55.00 target price on shares of Koppers Holdings in a research report on Thursday, September 14th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $40.00 target price on shares of Koppers Holdings in a research report on Thursday, October 12th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $45.40.
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In related news, VP Leslie S. Hyde sold 1,800 shares of the stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $43.00, for a total transaction of $77,400.00. Following the completion of the sale, the vice president now owns 19,927 shares in the company, valued at approximately $856,861. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 completion of the sale, the vice president now owns 19,727 shares of the company’s stock, valued at approximately $887,715. The disclosure for this sale can be found here. 3.90% of the stock is owned by corporate insiders.
Shares of Koppers Holdings Inc. (KOP) opened at $47.80 on Monday. The firm has a market cap of $991.63, a price-to-earnings ratio of 14.71, a P/E/G ratio of 0.83 and a beta of 1.02. The company has a debt-to-equity ratio of 9.26, a quick ratio of 0.98 and a current ratio of 1.81. Koppers Holdings Inc. has a 52 week low of $31.40 and a 52 week high of $50.00.
Koppers Holdings (NYSE:KOP) last issued its quarterly earnings results on Thursday, August 3rd. The specialty chemicals company reported $1.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.26. The firm had revenue of $378.00 million during the quarter, compared to analysts’ expectations of $369.00 million. Koppers Holdings had a net margin of 3.02% and a return on equity of 153.51%. Koppers Holdings’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 EPS. analysts forecast that Koppers Holdings Inc. will post 3.2 earnings per share for the current 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.
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