Koppers Holdings Inc. (NYSE:KOP) was upgraded by analysts at TheStreet from a “c” rating to a “b-” rating in a note issued to investors on Thursday.

A number of other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Koppers Holdings from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 18th. FBR & Co reiterated an “outperform” rating and issued a $44.00 price objective on shares of Koppers Holdings in a report on Tuesday, July 11th. Wunderlich upgraded shares of Koppers Holdings from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Wednesday, June 28th. ValuEngine upgraded shares of Koppers Holdings from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 1st. Finally, Jefferies Group LLC downgraded shares of Koppers Holdings from a “buy” rating to a “hold” rating and lowered their price objective for the company from $48.00 to $40.00 in a report on Wednesday, May 31st. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $44.60.

Koppers Holdings (NYSE:KOP) opened at 39.55 on Thursday. The firm has a market cap of $822.88 million, a price-to-earnings ratio of 24.31 and a beta of 0.97. The stock’s 50 day moving average is $36.16 and its 200 day moving average is $39.69. Koppers Holdings has a 52 week low of $28.54 and a 52 week high of $45.85.

Koppers Holdings (NYSE:KOP) last posted its quarterly earnings data on Thursday, August 3rd. The specialty chemicals company reported $1.18 earnings per share (EPS) for the quarter, beating the Zacks’ 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 million for the quarter, compared to the consensus estimate of $369 million. During the same period last year, the company earned $0.93 earnings per share. The firm’s revenue was down 1.8% compared to the same quarter last year. Equities research analysts expect that Koppers Holdings will post $3.02 EPS for the current year.

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In related news, SVP Thomas D. Loadman sold 3,000 shares of the business’s stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $35.01, for a total transaction of $105,030.00. Following the transaction, the senior vice president now directly owns 35,927 shares in the company, valued at $1,257,804.27. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Thomas D. Loadman sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $38.92, for a total transaction of $389,200.00. Following the transaction, the senior vice president now owns 48,927 shares in the company, valued at $1,904,238.84. The disclosure for this sale can be found here. 3.90% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the company. Federated Investors Inc. PA increased its position in shares of Koppers Holdings by 9.4% in the second quarter. Federated Investors Inc. PA now owns 12,573 shares of the specialty chemicals company’s stock worth $455,000 after buying an additional 1,076 shares during the last quarter. Redwood Investments LLC increased its position in shares of Koppers Holdings by 49.7% in the second quarter. Redwood Investments LLC now owns 185,952 shares of the specialty chemicals company’s stock worth $6,722,000 after buying an additional 61,729 shares during the last quarter. KBC Group NV increased its position in shares of Koppers Holdings by 32.1% in the second quarter. KBC Group NV now owns 26,115 shares of the specialty chemicals company’s stock worth $944,000 after buying an additional 6,345 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Koppers Holdings by 69.8% in the second quarter. BNP Paribas Arbitrage SA now owns 8,207 shares of the specialty chemicals company’s stock worth $297,000 after buying an additional 3,375 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of Koppers Holdings by 9.1% in the second quarter. Legal & General Group Plc now owns 38,373 shares of the specialty chemicals company’s stock worth $1,386,000 after buying an additional 3,206 shares during the last quarter. Institutional investors and hedge funds own 89.10% of the company’s stock.

Koppers Holdings 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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