Los Angeles Capital Management & Equity Research Inc. lessened its holdings in shares of Koppers Holdings Inc. (NYSE:KOP) by 21.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,200 shares of the specialty chemicals company’s stock after selling 8,468 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.15% of Koppers worth $532,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. PNC Financial Services Group Inc. increased its holdings in Koppers by 41.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,256 shares of the specialty chemicals company’s stock valued at $90,000 after buying an additional 1,552 shares in the last quarter. Jefferies Group LLC purchased a new position in Koppers in the third quarter valued at $233,000. Dynamic Technology Lab Private Ltd purchased a new position in Koppers in the third quarter valued at $237,000. Zeke Capital Advisors LLC purchased a new position in Koppers in the third quarter valued at $239,000. Finally, Oregon Public Employees Retirement Fund purchased a new position in Koppers in the fourth quarter valued at $133,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have weighed in on KOP. Barrington Research reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Koppers in a report on Monday, March 4th. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $33.00 price objective (up previously from $28.00) on shares of Koppers in a report on Monday, March 4th. Finally, TheStreet cut shares of Koppers from a “c-” rating to a “d+” rating in a report on Friday, December 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $37.60.

KOP stock opened at $25.43 on Friday. The stock has a market cap of $526.29 million, a PE ratio of 7.27, a P/E/G ratio of 0.45 and a beta of 1.14. The company has a debt-to-equity ratio of 14.61, a current ratio of 1.81 and a quick ratio of 0.86. Koppers Holdings Inc. has a 52 week low of $15.00 and a 52 week high of $46.30.

Koppers (NYSE:KOP) last released its earnings results on Friday, March 1st. The specialty chemicals company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.15. The business had revenue of $425.40 million during the quarter, compared to analysts’ expectations of $432.00 million. Koppers had a net margin of 1.37% and a return on equity of 81.39%. The company’s quarterly revenue was up 16.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.40 earnings per share. As a group, equities analysts anticipate that Koppers Holdings Inc. will post 3.15 EPS for the current fiscal year.

In related news, CFO Michael Zugay bought 10,000 shares of the business’s stock in a transaction dated Tuesday, December 18th. The stock was acquired at an average price of $17.10 per share, with a total value of $171,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Mark R. Mccormack sold 2,414 shares of the business’s stock in a transaction dated Thursday, December 20th. The stock was sold at an average price of $17.44, for a total transaction of $42,100.16. Following the sale, the vice president now directly owns 87,101 shares of the company’s stock, valued at approximately $1,519,041.44. The disclosure for this sale can be found here. Insiders have bought 65,000 shares of company stock valued at $1,120,650 in the last three months. Corporate insiders own 8.70% of the company’s stock.

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Koppers Profile

Koppers Holdings Inc, through its subsidiaries, provides treated wood products, wood treatment chemicals, and carbon compounds in the United States 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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