Northern Trust Corp Has $11.79 Million Position in Koppers Holdings Inc. (KOP)

Northern Trust Corp raised its holdings in shares of Koppers Holdings Inc. (NYSE:KOP) by 4.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 326,153 shares of the specialty chemicals company’s stock after acquiring an additional 13,077 shares during the period. Northern Trust Corp owned approximately 1.57% of Koppers Holdings worth $11,791,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State of Alaska Department of Revenue lifted its stake in Koppers Holdings by 80.3% during the 2nd 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 during the period. Municipal Employees Retirement System of Michigan lifted its stake in Koppers Holdings by 4.5% during the 2nd 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 during the period. PNC Financial Services Group Inc. lifted its stake in Koppers Holdings by 2.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,104 shares of the specialty chemicals company’s stock valued at $216,000 after acquiring an additional 104 shares during the period. Janney Capital Management LLC lifted its stake in Koppers Holdings by 8.9% during the 2nd 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 during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in Koppers Holdings by 1.6% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 6,200 shares of the specialty chemicals company’s stock valued at $263,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 88.27% of the company’s stock.

In other news, VP Leslie S. Hyde sold 1,810 shares of the company’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $45.00, for a total transaction of $81,450.00. Following the completion of the sale, the vice president now owns 19,727 shares of the company’s stock, valued at $887,715. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Leslie S. Hyde sold 1,800 shares of the company’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $43.00, for a total transaction of $77,400.00. Following the sale, the vice president now directly owns 19,927 shares of the company’s stock, valued at approximately $856,861. The disclosure for this sale can be found here. 3.90% of the stock is owned by corporate insiders.

Several analysts have commented on the stock. Barrington Research restated an “outperform” rating and set a $55.00 price objective on shares of Koppers Holdings in a research note on Thursday, September 14th. TheStreet upgraded shares of Koppers Holdings from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. Jefferies Group LLC reiterated a “hold” rating and issued a $40.00 target price on shares of Koppers Holdings in a research note on Thursday, October 12th. Finally, Zacks Investment Research upgraded shares of Koppers Holdings from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Tuesday, August 8th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Koppers Holdings has a consensus rating of “Buy” and an average price target of $45.40.

Koppers Holdings Inc. (NYSE:KOP) opened at $47.60 on Monday. The stock has a market cap of $987.48, a price-to-earnings ratio of 12.90, a P/E/G ratio of 0.71 and a beta of 1.02. The company has a quick ratio of 1.13, a current ratio of 2.02 and a debt-to-equity ratio of 6.08. Koppers Holdings Inc. has a 12 month low of $33.90 and a 12 month high of $51.80.

Koppers Holdings (NYSE:KOP) last issued its quarterly earnings results on Thursday, November 9th. The specialty chemicals company reported $1.43 EPS for the quarter, topping the consensus estimate of $0.88 by $0.55. The company had revenue of $384.80 million during the quarter, compared to analyst estimates of $363.00 million. Koppers Holdings had a net margin of 3.54% and a return on equity of 119.06%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.99 EPS. research analysts anticipate that Koppers Holdings Inc. will post 3.7 earnings per share for the current year.

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Koppers Holdings 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.

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

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