New Jersey Better Educational Savings Trust acquired a new stake in shares of Koppers Holdings Inc. (NYSE:KOP) during the second quarter, Holdings Channel reports. The fund acquired 15,000 shares of the specialty chemicals company’s stock, valued at approximately $542,000.

Other large investors also recently bought and sold shares of the company. Algert Global LLC boosted its stake in shares of Koppers Holdings by 12.4% in the second quarter. Algert Global LLC now owns 36,624 shares of the specialty chemicals company’s stock valued at $1,324,000 after buying an additional 4,034 shares during the period. Texas Permanent School Fund boosted its stake in shares of Koppers Holdings by 1.5% in the second quarter. Texas Permanent School Fund now owns 15,191 shares of the specialty chemicals company’s stock valued at $549,000 after buying an additional 229 shares during the period. Supplemental Annuity Collective Trust of NJ acquired a new stake in shares of Koppers Holdings during the second quarter valued at approximately $506,000. State of New Jersey Common Pension Fund D boosted its stake in shares of Koppers Holdings by 25.0% in the second quarter. State of New Jersey Common Pension Fund D now owns 900,000 shares of the specialty chemicals company’s stock valued at $32,535,000 after buying an additional 180,000 shares during the period. Finally, NJ State Employees Deferred Compensation Plan boosted its stake in shares of Koppers Holdings by 10.0% in the second quarter. NJ State Employees Deferred Compensation Plan now owns 22,000 shares of the specialty chemicals company’s stock valued at $795,000 after buying an additional 2,000 shares during the period. 90.18% of the stock is currently owned by institutional investors and hedge funds.

Koppers Holdings Inc. (NYSE:KOP) opened at 39.30 on Thursday. The firm has a market capitalization of $815.28 million, a price-to-earnings ratio of 20.01 and a beta of 0.97. The stock’s 50 day moving average is $36.70 and its 200 day moving average is $39.62. Koppers Holdings Inc. has a 1-year low of $28.54 and a 1-year high of $45.85.

Koppers Holdings (NYSE:KOP) last released its quarterly earnings results on Thursday, August 3rd. The specialty chemicals company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $369 million. During the same period last year, the firm earned $0.93 earnings per share. The firm’s revenue was down 1.8% on a year-over-year basis. Analysts predict that Koppers Holdings Inc. will post $3.24 EPS for the current fiscal year.

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Several equities research analysts have commented on the stock. Barrington Research boosted their price target on shares of Koppers Holdings from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Monday, May 8th. Zacks Investment Research raised 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. TheStreet raised shares of Koppers Holdings from a “c” rating to a “b-” rating in a research report on Thursday, August 3rd. Jefferies Group LLC cut shares of Koppers Holdings from a “buy” rating to a “hold” rating and cut their price target for the stock from $48.00 to $40.00 in a research report on Wednesday, May 31st. Finally, ValuEngine raised shares of Koppers Holdings from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 1st. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Koppers Holdings currently has an average rating of “Buy” and an average price target of $45.40.

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

About Koppers Holdings

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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