Koppers Holdings Inc. (NYSE:KOP) Shares Bought by Capital One National Association

Capital One National Association raised its stake in Koppers Holdings Inc. (NYSE:KOP) by 6.2% during the second quarter, Holdings Channel reports. The firm owned 8,826 shares of the specialty chemicals company’s stock after buying an additional 512 shares during the period. Capital One National Association’s holdings in Koppers Holdings were worth $319,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of KOP. BlackRock Inc. boosted its stake in Koppers Holdings by 32,452.7% in the first quarter. BlackRock Inc. now owns 2,529,668 shares of the specialty chemicals company’s stock valued at $107,130,000 after buying an additional 2,521,897 shares during the period. Vanguard Group Inc. boosted its stake in Koppers Holdings by 7.9% in the first quarter. Vanguard Group Inc. now owns 2,451,644 shares of the specialty chemicals company’s stock valued at $103,828,000 after buying an additional 179,784 shares during the period. State Street Corp boosted its stake in Koppers Holdings by 4.7% in the fourth quarter. State Street Corp now owns 535,883 shares of the specialty chemicals company’s stock valued at $21,593,000 after buying an additional 23,884 shares during the period. Prudential Financial Inc. boosted its stake in Koppers Holdings by 8.3% in the first quarter. Prudential Financial Inc. now owns 271,164 shares of the specialty chemicals company’s stock valued at $11,484,000 after buying an additional 20,730 shares during the period. Finally, Teachers Advisors LLC boosted its stake in Koppers Holdings by 34.7% in the first quarter. Teachers Advisors LLC now owns 247,952 shares of the specialty chemicals company’s stock valued at $10,501,000 after buying an additional 63,828 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

Koppers Holdings Inc. (NYSE KOP) opened at 36.55 on Monday. Koppers Holdings Inc. has a one year low of $28.54 and a one year high of $45.85. The firm has a market cap of $760.46 million, a PE ratio of 22.46 and a beta of 0.98. The company has a 50-day moving average price of $36.30 and a 200-day moving average price of $40.37.

Koppers Holdings (NYSE:KOP) last posted its quarterly earnings results on Friday, May 5th. The specialty chemicals company reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.33. Koppers Holdings had a net margin of 2.47% and a return on equity of 217.62%. The business had revenue of $346.60 million for the quarter, compared to the consensus estimate of $327.10 million. During the same period in the prior year, the business posted $0.28 earnings per share. Koppers Holdings’s revenue for the quarter was down .1% compared to the same quarter last year. Equities analysts predict that Koppers Holdings Inc. will post $2.92 earnings per share for the current fiscal year.

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Several equities research analysts have recently issued reports on KOP shares. Barrington Research raised their price objective on Koppers Holdings from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, May 8th. Zacks Investment Research upgraded Koppers Holdings from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a report on Wednesday, May 3rd. Wunderlich upgraded Koppers Holdings from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Wednesday, June 28th. ValuEngine upgraded Koppers Holdings from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 1st. Finally, Jefferies Group LLC cut Koppers Holdings from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $48.00 to $40.00 in a report on Wednesday, May 31st. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $44.60.

In other news, SVP Thomas D. Loadman sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $38.92, for a total value of $389,200.00. Following the transaction, the senior vice president now directly owns 48,927 shares of the company’s stock, valued at $1,904,238.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Thomas D. Loadman sold 3,000 shares of the company’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $35.01, for a total transaction of $105,030.00. Following the completion of the transaction, the senior vice president now directly owns 35,927 shares in the company, valued at $1,257,804.27. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.

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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Institutional Ownership by Quarter for Koppers Holdings (NYSE:KOP)

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