Nordea Investment Management AB bought a new stake in Koppers Holdings Inc. (NYSE:KOP) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 53,383 shares of the specialty chemicals company’s stock, valued at approximately $1,930,000. Nordea Investment Management AB owned about 0.26% of Koppers Holdings at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in Koppers Holdings by 3.8% in the first quarter. Principal Financial Group Inc. now owns 162,458 shares of the specialty chemicals company’s stock valued at $6,880,000 after buying an additional 5,913 shares during the last quarter. First Trust Advisors LP purchased a new position in Koppers Holdings in the second quarter valued at $1,709,000. Prudential Financial Inc. increased its holdings in Koppers Holdings by 5.1% in the second quarter. Prudential Financial Inc. now owns 284,960 shares of the specialty chemicals company’s stock valued at $10,301,000 after buying an additional 13,796 shares during the last quarter. Lazard Asset Management LLC purchased a new position in Koppers Holdings in the first quarter valued at $1,671,000. Finally, AQR Capital Management LLC increased its holdings in Koppers Holdings by 20.0% in the first quarter. AQR Capital Management LLC now owns 110,306 shares of the specialty chemicals company’s stock valued at $4,672,000 after buying an additional 18,360 shares during the last quarter. 87.90% of the stock is currently owned by hedge funds and other institutional investors.

Koppers Holdings Inc. (KOP) opened at 47.60 on Thursday. The stock has a market cap of $987.46 million, a price-to-earnings ratio of 24.24 and a beta of 0.98. The company has a 50-day moving average price of $40.95 and a 200 day moving average price of $39.11. Koppers Holdings Inc. has a 12-month low of $31.28 and a 12-month high of $47.90.

Koppers Holdings (NYSE:KOP) last issued its quarterly earnings data on Thursday, August 3rd. The specialty chemicals company reported $1.18 EPS for the quarter, topping 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 firm had revenue of $378.00 million for the quarter, compared to analyst estimates of $369.00 million. During the same quarter in the previous year, the business posted $0.93 EPS. The firm’s revenue was down 1.8% compared to the same quarter last year. On average, equities research analysts predict that Koppers Holdings Inc. will post $3.24 EPS for the current year.

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Several equities analysts recently commented on KOP shares. Wunderlich raised Koppers Holdings from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Wednesday, June 28th. FBR & Co reissued an “outperform” rating and issued a $44.00 target price on shares of Koppers Holdings in a report on Tuesday, July 11th. Zacks Investment Research raised Koppers Holdings from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Wednesday, July 12th. TheStreet raised Koppers Holdings from a “c” rating to a “b-” rating in a report on Thursday, August 3rd. Finally, Barrington Research reissued an “outperform” rating and issued a $55.00 target price on shares of Koppers Holdings in a report on Thursday, September 14th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Koppers Holdings has a consensus rating of “Buy” and an average target price of $45.40.

In other news, VP Leslie S. Hyde sold 1,800 shares of the business’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $43.00, for a total value of $77,400.00. Following the completion of the sale, the vice president now owns 19,927 shares of the company’s stock, valued at approximately $856,861. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Leslie S. Hyde sold 1,810 shares of the business’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $45.00, for a total transaction of $81,450.00. Following the completion of the sale, the vice president now directly owns 19,727 shares of the company’s stock, valued at approximately $887,715. 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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