AQR Capital Management LLC increased its stake in Koppers Holdings Inc. (NYSE:KOP) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,946 shares of the company’s stock after buying an additional 696 shares during the period. AQR Capital Management LLC owned approximately 0.45% of Koppers Holdings worth $3,705,000 as of its most recent filing with the SEC.
Other hedge funds also recently added to or reduced their stakes in the company. SECOR Capital Advisors LP acquired a new stake in shares of Koppers Holdings during the third quarter valued at $1,145,000. Stevens Capital Management LP acquired a new stake in shares of Koppers Holdings during the third quarter valued at $392,000. Municipal Employees Retirement System of Michigan increased its stake in shares of Koppers Holdings by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,570 shares of the company’s stock valued at $147,000 after buying an additional 70 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of Koppers Holdings by 8.4% in the third quarter. BlackRock Fund Advisors now owns 1,496,457 shares of the company’s stock valued at $48,156,000 after buying an additional 116,408 shares during the last quarter. Finally, BlackRock Advisors LLC increased its stake in shares of Koppers Holdings by 2.7% in the third quarter. BlackRock Advisors LLC now owns 45,539 shares of the company’s stock valued at $1,465,000 after buying an additional 1,205 shares during the last quarter. Institutional investors own 86.83% of the company’s stock.
Koppers Holdings Inc. (NYSE:KOP) opened at 41.30 on Friday. Koppers Holdings Inc. has a 12-month low of $21.38 and a 12-month high of $45.85. The firm has a market cap of $853.42 million, a PE ratio of 29.76 and a beta of 0.92. The firm has a 50-day moving average price of $42.65 and a 200 day moving average price of $38.10.
Koppers Holdings (NYSE:KOP) last released its quarterly earnings results on Thursday, February 23rd. The company reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.14. Koppers Holdings had a positive return on equity of 1,225.00% and a negative net margin of 4.42%. The firm had revenue of $313.20 million for the quarter, compared to the consensus estimate of $302.75 million. During the same quarter last year, the business posted $0.13 EPS. The company’s revenue for the quarter was down 13.9% on a year-over-year basis. Equities research analysts forecast that Koppers Holdings Inc. will post $2.82 EPS for the current year.
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Several brokerages recently weighed in on KOP. Wunderlich downgraded Koppers Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, November 29th. Zacks Investment Research upgraded Koppers Holdings from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Tuesday, January 10th. TheStreet upgraded Koppers Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, November 30th. Finally, Barrington Research increased their target price on Koppers Holdings from $42.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, December 28th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Koppers Holdings currently has a consensus rating of “Hold” and a consensus price target of $41.20.
In other Koppers Holdings news, Director David M. Hillenbrand sold 6,500 shares of Koppers Holdings stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $44.12, for a total value of $286,780.00. Following the sale, the director now owns 13,992 shares of the company’s stock, valued at approximately $617,327.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Thomas D. Loadman sold 3,381 shares of Koppers Holdings stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $44.85, for a total value of $151,637.85. Following the completion of the sale, the senior vice president now directly owns 39,438 shares in the company, valued at approximately $1,768,794.30. The disclosure for this sale can be found here. Company insiders own 4.69% of the company’s stock.
Koppers Holdings Company Profile
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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