Dimensional Fund Advisors LP cut its stake in Koppers Holdings Inc. (NYSE:KOP) by 8.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 610,794 shares of the specialty chemicals company’s stock after selling 56,393 shares during the period. Dimensional Fund Advisors LP owned 2.96% of Koppers Holdings worth $25,867,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KOP. Vanguard Group Inc. increased its position in shares of Koppers Holdings by 7.9% in the first quarter. Vanguard Group Inc. now owns 2,451,644 shares of the specialty chemicals company’s stock valued at $103,828,000 after buying an additional 179,784 shares during the period. Norges Bank purchased a new position in shares of Koppers Holdings during the fourth quarter valued at approximately $7,154,000. Teachers Advisors LLC increased its position in shares of Koppers Holdings by 473.0% in the fourth quarter. Teachers Advisors LLC now owns 184,124 shares of the specialty chemicals company’s stock valued at $7,420,000 after buying an additional 151,992 shares during the period. American Century Companies Inc. increased its position in shares of Koppers Holdings by 105.2% in the first quarter. American Century Companies Inc. now owns 216,252 shares of the specialty chemicals company’s stock valued at $9,158,000 after buying an additional 110,882 shares during the period. Finally, James Investment Research Inc. purchased a new position in shares of Koppers Holdings during the first quarter valued at approximately $1,883,000. Hedge funds and other institutional investors own 89.10% of the company’s stock.

Koppers Holdings Inc. (NYSE:KOP) traded up 4.77% during mid-day trading on Friday, reaching $39.55. 233,196 shares of the company’s stock traded hands. Koppers Holdings Inc. has a 1-year low of $28.54 and a 1-year high of $45.85. The firm has a market cap of $822.88 million, a PE ratio of 24.31 and a beta of 0.97. The firm has a 50 day moving average of $36.16 and a 200 day moving average of $39.69.

Koppers Holdings (NYSE:KOP) last issued its quarterly earnings data on Thursday, August 3rd. The specialty chemicals company reported $1.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.26. The company had revenue of $378 million for the quarter, compared to analyst estimates of $369 million. Koppers Holdings had a net margin of 3.02% and a return on equity of 153.51%. The company’s revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.93 earnings per share. Analysts forecast that Koppers Holdings Inc. will post $3.02 EPS for the current year.

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Several research analysts recently commented on KOP shares. Barrington Research lifted their target price on shares of Koppers Holdings from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. ValuEngine upgraded shares of Koppers Holdings from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 1st. Wunderlich upgraded shares of Koppers Holdings from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Wednesday, June 28th. Zacks Investment Research upgraded shares of Koppers Holdings from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Wednesday, May 3rd. Finally, Jefferies Group LLC lowered shares of Koppers Holdings from a “buy” rating to a “hold” rating and decreased their price target for the stock from $48.00 to $40.00 in a research 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 issued a strong buy rating to the company’s stock. Koppers Holdings currently has a consensus rating of “Buy” and a consensus price target of $44.60.

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

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

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