UMB Bank N A MO acquired a new position in shares of Koppers Holdings Inc. (NYSE:KOP) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 9,052 shares of the specialty chemicals company’s stock, valued at approximately $266,000.

Several other institutional investors also recently made changes to their positions in KOP. Great West Life Assurance Co. Can lifted its stake in Koppers by 11.1% in the first quarter. Great West Life Assurance Co. Can now owns 29,110 shares of the specialty chemicals company’s stock valued at $756,000 after buying an additional 2,900 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in Koppers in the fourth quarter valued at approximately $224,000. Bank of New York Mellon Corp lifted its stake in Koppers by 2.0% in the fourth quarter. Bank of New York Mellon Corp now owns 259,314 shares of the specialty chemicals company’s stock valued at $4,418,000 after buying an additional 5,010 shares during the last quarter. Schneider Capital Management Corp lifted its stake in Koppers by 11.6% in the first quarter. Schneider Capital Management Corp now owns 488,951 shares of the specialty chemicals company’s stock valued at $12,703,000 after buying an additional 50,650 shares during the last quarter. Finally, THB Asset Management purchased a new stake in Koppers in the first quarter valued at approximately $8,084,000. 93.23% of the stock is owned by institutional investors and hedge funds.

In related news, insider Bradley A. Pearce sold 1,000 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $27.75, for a total transaction of $27,750.00. Following the transaction, the insider now owns 16,477 shares of the company’s stock, valued at $457,236.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.90% of the company’s stock.

Several research firms have recently commented on KOP. ValuEngine cut Koppers from a “sell” rating to a “strong sell” rating in a research note on Friday, July 12th. Barrington Research restated a “buy” rating and set a $35.00 price target on shares of Koppers in a research note on Tuesday. Zacks Investment Research upgraded Koppers from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Thursday, June 27th. Finally, Monness Crespi & Hardt restated a “buy” rating and set a $37.00 price target (up previously from $33.00) on shares of Koppers in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Koppers presently has an average rating of “Buy” and an average target price of $36.80.

KOP stock traded down $1.37 on Wednesday, reaching $27.55. 887 shares of the company’s stock were exchanged, compared to its average volume of 140,297. The company has a fifty day moving average of $27.47. Koppers Holdings Inc. has a twelve month low of $15.00 and a twelve month high of $36.70. The company has a market cap of $575.25 million, a price-to-earnings ratio of 7.93, a PEG ratio of 0.46 and a beta of 1.10. The company has a debt-to-equity ratio of 10.54, a quick ratio of 1.00 and a current ratio of 2.01.

Koppers (NYSE:KOP) last announced its quarterly earnings data on Thursday, August 8th. The specialty chemicals company reported $1.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.17. Koppers had a return on equity of 77.19% and a net margin of 1.76%. The firm had revenue of $469.80 million for the quarter, compared to analyst estimates of $491.43 million. During the same quarter in the prior year, the company posted $0.93 earnings per share. Koppers’s quarterly revenue was up 7.8% on a year-over-year basis. On average, equities research analysts forecast that Koppers Holdings Inc. will post 3.39 EPS for the current fiscal year.

About Koppers

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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