O Shaughnessy Asset Management LLC trimmed its holdings in shares of Koppers Holdings Inc. (NYSE:KOP) by 26.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,065 shares of the specialty chemicals company’s stock after selling 726 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Koppers were worth $67,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Teacher Retirement System of Texas increased its holdings in shares of Koppers by 31.4% in the 1st quarter. Teacher Retirement System of Texas now owns 103,736 shares of the specialty chemicals company’s stock worth $3,606,000 after acquiring an additional 24,793 shares during the period. Grantham Mayo Van Otterloo & Co. LLC increased its holdings in shares of Koppers by 19.2% in the 1st quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 59,119 shares of the specialty chemicals company’s stock worth $2,055,000 after acquiring an additional 9,519 shares during the period. Royal Bank of Canada increased its holdings in shares of Koppers by 9.2% in the 1st quarter. Royal Bank of Canada now owns 320,796 shares of the specialty chemicals company’s stock worth $11,151,000 after acquiring an additional 27,055 shares during the period. Vident Investment Advisory LLC acquired a new stake in shares of Koppers in the 1st quarter worth about $594,000. Finally, Meeder Asset Management Inc. increased its holdings in shares of Koppers by 59.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 7,199 shares of the specialty chemicals company’s stock worth $233,000 after acquiring an additional 2,685 shares during the period. 90.63% of the stock is currently owned by institutional investors.
A number of analysts recently weighed in on the stock. Zacks Investment Research cut shares of Koppers from a “buy” rating to a “hold” rating in a report on Thursday, August 12th. Barrington Research reissued a “buy” rating and set a $41.00 target price on shares of Koppers in a research note on Tuesday, August 10th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $43.00.
Koppers (NYSE:KOP) last announced its earnings results on Friday, August 6th. The specialty chemicals company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.36 by $0.05. Koppers had a net margin of 8.75% and a return on equity of 29.26%. The company had revenue of $441.00 million during the quarter, compared to analysts’ expectations of $462.23 million. During the same period last year, the company posted $1.27 earnings per share. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, research analysts forecast that Koppers Holdings Inc. will post 4.44 earnings per share for the current year.
Koppers Company Profile
Koppers Holdings, Inc engages in the provision of treated wood products, wood treatment chemicals and carbon compounds. It operates through the following segments: Carbon Materials and Chemicals; Railroad and Utility Products and Services; and Performance Chemicals. The Carbon Materials and Chemicals segment manufactures carbon pitch naphthalene,creosote and carbon black feedstock.
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