Voya Investment Management LLC lifted its position in shares of Koppers Holdings Inc. (NYSE:KOP) by 282.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,631 shares of the specialty chemicals company’s stock after buying an additional 24,845 shares during the quarter. Voya Investment Management LLC owned approximately 0.16% of Koppers Holdings worth $1,216,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. US Bancorp DE raised its stake in Koppers Holdings by 111.7% in the 1st quarter. US Bancorp DE now owns 2,532 shares of the specialty chemicals company’s stock valued at $107,000 after purchasing an additional 1,336 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Koppers Holdings by 0.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,902 shares of the specialty chemicals company’s stock valued at $124,000 after purchasing an additional 18 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Koppers Holdings by 80.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 4,110 shares of the specialty chemicals company’s stock valued at $148,000 after purchasing an additional 1,830 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Koppers Holdings by 4.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 4,880 shares of the specialty chemicals company’s stock valued at $176,000 after purchasing an additional 210 shares during the last quarter. Finally, Virtu KCG Holdings LLC acquired a new position in Koppers Holdings in the 2nd quarter valued at about $201,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Koppers Holdings Inc. (NYSE KOP) opened at 48.70 on Tuesday. The stock’s 50 day moving average is $44.62 and its 200-day moving average is $39.68. Koppers Holdings Inc. has a 1-year low of $31.30 and a 1-year high of $50.00. The firm has a market cap of $1.01 billion, a P/E ratio of 24.80 and a beta of 0.98.

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 the Zacks’ consensus estimate of $0.92 by $0.26. The business had revenue of $378.00 million during the quarter, compared to analyst estimates of $369.00 million. Koppers Holdings had a return on equity of 153.51% and a net margin of 3.02%. Koppers Holdings’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the company posted $0.93 EPS. Analysts forecast that Koppers Holdings Inc. will post $3.24 EPS for the current year.

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In related news, VP Leslie S. Hyde sold 1,810 shares of the stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $45.00, for a total value 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Leslie S. Hyde sold 1,800 shares of the stock in a transaction dated Friday, September 22nd. The stock was 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 directly owns 19,927 shares of the company’s stock, valued at $856,861. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by corporate insiders.

Several research analysts recently weighed in on the stock. Jefferies Group LLC reissued a “hold” rating and issued a $40.00 target price on shares of Koppers Holdings in a research note on Thursday, October 12th. TheStreet raised shares of Koppers Holdings from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. Barrington Research reissued an “outperform” rating and issued a $55.00 target price on shares of Koppers Holdings in a research note on Thursday, September 14th. Zacks Investment Research raised shares of Koppers Holdings from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Tuesday, August 8th. Finally, FBR & Co reissued an “outperform” rating and issued a $44.00 target price on shares of Koppers Holdings in a research note on Tuesday, July 11th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $45.40.

Koppers Holdings 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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