Nationwide Fund Advisors Has $1.65 Million Holdings in Koppers Holdings Inc. (KOP)

Nationwide Fund Advisors raised its stake in Koppers Holdings Inc. (NYSE:KOP) by 6.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,797 shares of the specialty chemicals company’s stock after acquiring an additional 2,105 shares during the quarter. Nationwide Fund Advisors owned approximately 0.17% of Koppers worth $1,652,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in KOP. Municipal Employees Retirement System of Michigan raised its stake in shares of Koppers 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 worth $176,000 after buying an additional 210 shares during the period. Virtu KCG Holdings LLC acquired a new position in shares of Koppers during the 2nd quarter worth approximately $201,000. BlueCrest Capital Management Ltd acquired a new position in shares of Koppers during the 2nd quarter worth approximately $255,000. UBS Asset Management Americas Inc. raised its stake in shares of Koppers by 8.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 7,700 shares of the specialty chemicals company’s stock worth $278,000 after buying an additional 600 shares during the period. Finally, Teachers Retirement System of The State of Kentucky raised its stake in shares of Koppers by 25.8% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 7,800 shares of the specialty chemicals company’s stock worth $282,000 after buying an additional 1,600 shares during the period. 89.26% of the stock is owned by institutional investors.

Koppers Holdings Inc. (NYSE KOP) opened at $50.35 on Monday. Koppers Holdings Inc. has a 52 week low of $33.90 and a 52 week high of $51.80. The company has a quick ratio of 1.13, a current ratio of 2.02 and a debt-to-equity ratio of 6.08. The company has a market capitalization of $1,040.00, a price-to-earnings ratio of 21.33, a P/E/G ratio of 0.76 and a beta of 1.01.

Koppers (NYSE:KOP) last posted its quarterly earnings data on Thursday, November 9th. The specialty chemicals company reported $1.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.55. Koppers had a return on equity of 119.06% and a net margin of 3.54%. The firm had revenue of $384.80 million during the quarter, compared to the consensus estimate of $363.00 million. During the same period in the prior year, the company earned $0.99 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. equities analysts predict that Koppers Holdings Inc. will post 3.75 earnings per share for the current year.

Several research analysts have recently weighed in on the company. Jefferies Group reaffirmed a “hold” rating and set a $40.00 target price on shares of Koppers in a research note on Thursday, October 12th. Zacks Investment Research raised Koppers from a “hold” rating to a “strong-buy” rating and set a $53.00 target price for the company in a research note on Friday, November 17th. B. Riley reissued a “buy” rating and issued a $65.00 price objective on shares of Koppers in a research note on Tuesday, December 19th. Finally, Barrington Research reissued an “outperform” rating and issued a $55.00 price objective on shares of Koppers in a research note on Thursday, September 14th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $50.17.

In other Koppers news, VP Leslie S. Hyde sold 1,810 shares of the company’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $45.00, for a total value of $81,450.00. Following the completion of the sale, the vice president now directly owns 19,727 shares in the company, valued at approximately $887,715. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 3.90% of the stock is currently owned by corporate insiders.

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About Koppers

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 (NYSE:KOP)

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