Wells Fargo & Company MN Buys 22,822 Shares of Koppers Holdings Inc. (KOP)

Wells Fargo & Company MN boosted its stake in shares of Koppers Holdings Inc. (NYSE:KOP) by 67.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,499 shares of the specialty chemicals company’s stock after buying an additional 22,822 shares during the quarter. Wells Fargo & Company MN’s holdings in Koppers were worth $2,607,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Bank of New York Mellon Corp raised its position in shares of Koppers by 10.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 273,876 shares of the specialty chemicals company’s stock worth $9,900,000 after acquiring an additional 26,262 shares in the last quarter. Legal & General Group Plc raised its position in shares of Koppers by 9.1% in the 2nd quarter. Legal & General Group Plc now owns 38,373 shares of the specialty chemicals company’s stock worth $1,386,000 after acquiring an additional 3,206 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Koppers by 69.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,207 shares of the specialty chemicals company’s stock worth $297,000 after acquiring an additional 3,375 shares in the last quarter. Federated Investors Inc. PA raised its position in shares of Koppers by 9.4% in the 2nd quarter. Federated Investors Inc. PA now owns 12,573 shares of the specialty chemicals company’s stock worth $455,000 after acquiring an additional 1,076 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Koppers by 3.5% in the 2nd quarter. Principal Financial Group Inc. now owns 168,108 shares of the specialty chemicals company’s stock worth $6,077,000 after acquiring an additional 5,650 shares in the last quarter. 89.26% of the stock is currently owned by hedge funds and other institutional investors.

KOP has been the subject of several research analyst reports. Jefferies Group reissued a “hold” rating and issued a $40.00 price objective on shares of Koppers in a research report on Thursday, October 12th. Zacks Investment Research lowered Koppers from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, B. Riley reissued a “buy” rating and issued a $65.00 price objective on shares of Koppers in a research report on Tuesday, December 19th. One research analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $50.17.

Koppers Holdings Inc. (NYSE KOP) opened at $48.80 on Friday. Koppers Holdings Inc. has a 12-month low of $33.90 and a 12-month high of $51.80. The company has a debt-to-equity ratio of 6.08, a current ratio of 2.02 and a quick ratio of 1.13. The firm has a market capitalization of $1,012.36, a PE ratio of 13.22, a PEG ratio of 0.71 and a beta of 1.02.

Koppers (NYSE:KOP) last issued its earnings results on Thursday, November 9th. The specialty chemicals company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.55. Koppers had a return on equity of 119.06% and a net margin of 3.54%. The business had revenue of $384.80 million during the quarter, compared to analyst estimates of $363.00 million. During the same period in the previous year, the company posted $0.99 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. research analysts predict that Koppers Holdings Inc. will post 3.73 earnings per share for the current year.

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Koppers Company 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 (NYSE:KOP)

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