Ajo LP Decreases Stake in Koppers Holdings Inc. (KOP)

Ajo LP decreased its position in Koppers Holdings Inc. (NYSE:KOP) by 2.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 124,628 shares of the specialty chemicals company’s stock after selling 3,344 shares during the quarter. Ajo LP owned about 0.60% of Koppers Holdings worth $4,505,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. US Bancorp DE grew its position in shares of Koppers Holdings by 111.7% in the first quarter. US Bancorp DE now owns 2,532 shares of the specialty chemicals company’s stock valued at $107,000 after purchasing an additional 1,336 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Koppers Holdings in the first quarter valued at approximately $112,000. Envestnet Asset Management Inc. grew its position in shares of Koppers Holdings by 0.6% in the first quarter. Envestnet Asset Management Inc. now owns 2,902 shares of the specialty chemicals company’s stock valued at $124,000 after purchasing an additional 18 shares during the last quarter. State of Alaska Department of Revenue grew its position in shares of Koppers Holdings by 80.3% in the second quarter. State of Alaska Department of Revenue now owns 4,110 shares of the specialty chemicals company’s stock valued at $148,000 after purchasing an additional 1,830 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its position in shares of Koppers Holdings by 4.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 4,880 shares of the specialty chemicals company’s stock valued at $176,000 after purchasing an additional 210 shares during the last quarter. 87.90% of the stock is currently owned by institutional investors.

Koppers Holdings Inc. (KOP) opened at 40.70 on Friday. The stock has a 50 day moving average price of $38.57 and a 200 day moving average price of $38.96. The firm has a market cap of $844.32 million, a P/E ratio of 20.72 and a beta of 0.97. Koppers Holdings Inc. has a 52-week low of $30.09 and a 52-week high of $45.85.

Koppers Holdings (NYSE:KOP) last issued its quarterly earnings results on Thursday, August 3rd. The specialty chemicals company reported $1.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.26. Koppers Holdings had a net margin of 3.02% and a return on equity of 153.51%. The company had revenue of $378.00 million during the quarter, compared to analyst estimates of $369.00 million. During the same quarter last year, the business posted $0.93 EPS. Koppers Holdings’s quarterly revenue was down 1.8% compared to the same quarter last year. Equities analysts predict that Koppers Holdings Inc. will post $3.24 earnings per share for the current fiscal year.

Several research firms have recently commented on KOP. Zacks Investment Research raised Koppers Holdings from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Tuesday, August 8th. TheStreet raised Koppers Holdings from a “c” rating to a “b-” rating in a research report on Thursday, August 3rd. FBR & Co reaffirmed an “outperform” rating and issued a $44.00 target price on shares of Koppers Holdings in a research report on Tuesday, July 11th. Jefferies Group LLC downgraded Koppers Holdings from a “buy” rating to a “hold” rating and decreased their target price for the company from $48.00 to $40.00 in a research report on Wednesday, May 31st. Finally, ValuEngine raised Koppers Holdings from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 1st. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $45.40.

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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.

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

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