Prudential Financial Inc. Has $14.80 Million Stake in Koppers Holdings Inc. (KOP)
Prudential Financial Inc. increased its stake in Koppers Holdings Inc. (NYSE:KOP) by 12.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 320,590 shares of the specialty chemicals company’s stock after acquiring an additional 35,630 shares during the period. Prudential Financial Inc. owned approximately 1.55% of Koppers Holdings worth $14,795,000 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 KOP. State of Alaska Department of Revenue raised its stake in shares of Koppers Holdings by 80.3% in the second quarter. State of Alaska Department of Revenue now owns 4,110 shares of the specialty chemicals company’s stock valued at $148,000 after acquiring an additional 1,830 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Koppers Holdings by 4.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 4,880 shares of the specialty chemicals company’s stock valued at $176,000 after acquiring an additional 210 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Koppers Holdings in the third quarter valued at $195,000. Virtu KCG Holdings LLC acquired a new stake in shares of Koppers Holdings in the second quarter valued at $201,000. Finally, Janney Capital Management LLC raised its stake in shares of Koppers Holdings by 8.9% in the second quarter. Janney Capital Management LLC now owns 5,953 shares of the specialty chemicals company’s stock valued at $215,000 after acquiring an additional 487 shares in the last quarter. Institutional investors and hedge funds own 89.22% of the company’s stock.
Shares of Koppers Holdings Inc. (NYSE:KOP) opened at $47.80 on Tuesday. Koppers Holdings Inc. has a 52 week low of $33.90 and a 52 week high of $51.80. The company has a quick ratio of 1.13, a current ratio of 2.02 and a debt-to-equity ratio of 6.08. The firm has a market capitalization of $980.22, a price-to-earnings ratio of 12.81, a price-to-earnings-growth ratio of 0.70 and a beta of 1.02.
Koppers Holdings (NYSE:KOP) last posted its quarterly earnings results on Thursday, November 9th. The specialty chemicals company reported $1.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.55. Koppers Holdings had a return on equity of 119.06% and a net margin of 3.54%. The company had revenue of $384.80 million for the quarter, compared to analysts’ expectations of $363.00 million. During the same period last year, the firm earned $0.99 earnings per share. Koppers Holdings’s quarterly revenue was up 3.7% on a year-over-year basis. equities research analysts predict that Koppers Holdings Inc. will post 3.75 EPS for the current year.
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Several brokerages have recently issued reports on KOP. Zacks Investment Research cut Koppers Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. TheStreet upgraded Koppers Holdings from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. Jefferies Group LLC restated a “hold” rating and issued a $40.00 price target on shares of Koppers Holdings in a research note on Thursday, October 12th. Finally, Barrington Research restated an “outperform” rating and issued a $55.00 price target on shares of Koppers Holdings in a research note on Thursday, September 14th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. Koppers Holdings has a consensus rating of “Buy” and an average target price of $47.20.
In other Koppers Holdings 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 value of $81,450.00. Following the sale, the vice president now directly owns 19,727 shares in the company, valued at $887,715. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Leslie S. Hyde sold 1,800 shares of the firm’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $43.00, for a total value of $77,400.00. Following the completion of the sale, 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 owned by company insiders.
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.
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