Russell Investments Group Ltd. Acquires 8,991 Shares of Koppers Holdings Inc. (NYSE:KOP)

Russell Investments Group Ltd. grew its holdings in Koppers Holdings Inc. (NYSE:KOP) by 2.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 377,632 shares of the specialty chemicals company’s stock after acquiring an additional 8,991 shares during the period. Russell Investments Group Ltd.’s holdings in Koppers were worth $13,124,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Invenomic Capital Management LP bought a new position in Koppers in the fourth quarter worth approximately $2,684,000. Victory Capital Management Inc. raised its position in shares of Koppers by 11.6% during the 4th quarter. Victory Capital Management Inc. now owns 45,996 shares of the specialty chemicals company’s stock valued at $1,433,000 after purchasing an additional 4,764 shares during the period. Wells Fargo & Company MN raised its position in shares of Koppers by 2.4% during the 4th quarter. Wells Fargo & Company MN now owns 88,330 shares of the specialty chemicals company’s stock valued at $2,752,000 after purchasing an additional 2,110 shares during the period. Federated Hermes Inc. raised its position in shares of Koppers by 0.4% during the 4th quarter. Federated Hermes Inc. now owns 339,959 shares of the specialty chemicals company’s stock valued at $10,593,000 after purchasing an additional 1,378 shares during the period. Finally, Globeflex Capital L P raised its position in shares of Koppers by 3.8% during the 4th quarter. Globeflex Capital L P now owns 96,046 shares of the specialty chemicals company’s stock valued at $2,993,000 after purchasing an additional 3,532 shares during the period. Institutional investors and hedge funds own 90.12% of the company’s stock.

In other Koppers news, VP Daniel R. Groves sold 17,211 shares of Koppers stock in a transaction on Monday, May 17th. The shares were sold at an average price of $35.26, for a total value of $606,859.86. Also, VP Daniel R. Groves sold 6,000 shares of Koppers stock in a transaction dated Tuesday, May 11th. The stock was sold at an average price of $36.62, for a total transaction of $219,720.00. Following the transaction, the vice president now directly owns 16,455 shares of the company’s stock, valued at $602,582.10. The disclosure for this sale can be found here. Company insiders own 6.08% of the company’s stock.

Shares of NYSE:KOP opened at $33.22 on Friday. Koppers Holdings Inc. has a 52 week low of $15.89 and a 52 week high of $39.44. The stock has a market cap of $705.63 million, a PE ratio of 4.77 and a beta of 2.01. The business has a fifty day simple moving average of $34.28. The company has a quick ratio of 1.18, a current ratio of 2.28 and a debt-to-equity ratio of 2.10.

Koppers (NYSE:KOP) last issued its quarterly earnings data on Friday, May 7th. The specialty chemicals company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.45. Koppers had a net margin of 8.91% and a return on equity of 33.47%. The business had revenue of $407.50 million during the quarter, compared to analysts’ expectations of $407.90 million. During the same period last year, the company posted $0.47 EPS. The business’s revenue was up 1.4% on a year-over-year basis. On average, equities research analysts forecast that Koppers Holdings Inc. will post 4.47 earnings per share for the current year.

Several brokerages have recently commented on KOP. Barrington Research raised their price objective on shares of Koppers from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday, May 11th. Monness Crespi & Hardt raised their price objective on shares of Koppers from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, May 10th. Zacks Investment Research cut shares of Koppers from a “buy” rating to a “hold” rating in a research note on Friday, May 14th. TheStreet raised shares of Koppers from a “c” rating to a “b-” rating in a research note on Wednesday, May 5th. Finally, Compass Point raised their target price on shares of Koppers from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, May 10th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $43.80.

Koppers Profile

Koppers Holdings Inc provides treated wood products, wood treatment chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally. The company operates through three segments: Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC).

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Institutional Ownership by Quarter for Koppers (NYSE:KOP)

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