Emerald Mutual Fund Advisers Trust raised its position in shares of Koppers Holdings Inc. (NYSE:KOP) by 6.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 11,281 shares of the company’s stock after buying an additional 710 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in Koppers Holdings were worth $347,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA boosted its stake in Koppers Holdings by 127.3% in the second quarter. BNP Paribas Arbitrage SA now owns 6,438 shares of the company’s stock worth $198,000 after buying an additional 3,606 shares during the period. Springbok Capital Management LLC boosted its stake in Koppers Holdings by 1.9% in the first quarter. Springbok Capital Management LLC now owns 10,700 shares of the company’s stock worth $240,000 after buying an additional 200 shares during the period. Acrospire Investment Management LLC acquired a new stake in Koppers Holdings during the first quarter worth $251,000. Barclays PLC boosted its stake in Koppers Holdings by 16,154.1% in the first quarter. Barclays PLC now owns 13,816 shares of the company’s stock worth $304,000 after buying an additional 13,731 shares during the period. Finally, Bank of Montreal Can acquired a new stake in Koppers Holdings during the second quarter worth $656,000. 88.00% of the stock is currently owned by institutional investors.
Koppers Holdings Inc. (NYSE:KOP) traded up 2.84% on Monday, reaching $32.99. 59,372 shares of the company’s stock traded hands. Koppers Holdings Inc. has a 52-week low of $13.58 and a 52-week high of $33.71. The firm’s 50 day moving average price is $31.74 and its 200 day moving average price is $28.52. The firm’s market capitalization is $681.31 million.
Koppers Holdings (NYSE:KOP) last posted its earnings results on Thursday, August 4th. The company reported $0.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.32. The business had revenue of $385.10 million for the quarter, compared to analysts’ expectations of $395.95 million. Koppers Holdings had a negative net margin of 4.37% and a positive return on equity of 251.65%. The firm’s revenue for the quarter was down 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.68 earnings per share. On average, analysts predict that Koppers Holdings Inc. will post $2.14 EPS for the current fiscal year.
Several equities research analysts recently commented on the company. Jefferies Group reissued a “buy” rating on shares of Koppers Holdings in a report on Wednesday, July 6th. Wunderlich boosted their target price on Koppers Holdings from $32.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, June 30th. Zacks Investment Research cut Koppers Holdings from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 13th. Finally, Monness Crespi & Hardt cut Koppers Holdings from a “buy” rating to a “neutral” rating in a report on Monday, July 18th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $37.00.
In other Koppers Holdings news, VP Leslie S. Hyde sold 2,850 shares of the company’s stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $32.48, for a total transaction of $92,568.00. Following the sale, the vice president now directly owns 25,432 shares of the company’s stock, valued at $826,031.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Steven R. Lacy sold 6,670 shares of the company’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $32.76, for a total transaction of $218,509.20. Following the sale, the vice president now directly owns 57,788 shares in the company, valued at $1,893,134.88. The disclosure for this sale can be found here. 4.69% of the stock is currently owned by corporate insiders.
About Koppers Holdings
Koppers Holdings Inc is an integrated global provider of treated wood products, wood treatment chemicals and carbon compounds. The Company operates through three business segments: Railroad and Utility Products and Services (RUPS), Carbon Materials and Chemicals (CMC) and Performance Chemicals (PC). The Railroad and Utility Products and Services segment sells treated and untreated wood products, rail joint bars and services primarily to the railroad industry and treated wood products to the utility industry.
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