Emerald Advisers Inc. PA Increases Position in Koppers Holdings Inc. (KOP)

Emerald Advisers Inc. PA boosted its position in shares of Koppers Holdings Inc. (NYSE:KOP) by 70.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,215 shares of the specialty chemicals company’s stock after buying an additional 9,612 shares during the period. Emerald Advisers Inc. PA’s holdings in Koppers were worth $723,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in Koppers by 8.3% during the second quarter. BlackRock Inc. now owns 3,107,537 shares of the specialty chemicals company’s stock valued at $119,174,000 after buying an additional 238,200 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its position in Koppers by 13.3% during the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,438,597 shares of the specialty chemicals company’s stock valued at $55,170,000 after purchasing an additional 168,733 shares during the period. Dimensional Fund Advisors LP raised its position in Koppers by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 651,519 shares of the specialty chemicals company’s stock valued at $26,777,000 after purchasing an additional 17,212 shares during the period. Redwood Investments LLC raised its position in Koppers by 3.0% during the second quarter. Redwood Investments LLC now owns 458,921 shares of the specialty chemicals company’s stock valued at $17,600,000 after purchasing an additional 13,477 shares during the period. Finally, Northern Trust Corp raised its position in Koppers by 1.0% during the second quarter. Northern Trust Corp now owns 314,045 shares of the specialty chemicals company’s stock valued at $12,044,000 after purchasing an additional 3,203 shares during the period. 88.18% of the stock is owned by institutional investors.

Shares of KOP stock opened at $28.31 on Friday. Koppers Holdings Inc. has a 1 year low of $25.39 and a 1 year high of $51.80. The company has a current ratio of 2.03, a quick ratio of 1.05 and a debt-to-equity ratio of 9.65. The company has a market cap of $599.52 million, a price-to-earnings ratio of 7.19, a P/E/G ratio of 0.38 and a beta of 0.93.

Koppers (NYSE:KOP) last issued its quarterly earnings data on Thursday, August 9th. The specialty chemicals company reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.18). Koppers had a net margin of 1.47% and a return on equity of 79.35%. The company had revenue of $436.00 million for the quarter, compared to analysts’ expectations of $490.60 million. During the same quarter last year, the company earned $1.18 earnings per share. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. On average, equities research analysts anticipate that Koppers Holdings Inc. will post 4.1 earnings per share for the current fiscal year.

In other Koppers news, SVP James A. Sullivan purchased 1,000 shares of Koppers stock in a transaction dated Tuesday, August 14th. The shares were purchased at an average cost of $35.73 per share, for a total transaction of $35,730.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Albert J. Neupaver purchased 5,000 shares of Koppers stock in a transaction dated Tuesday, August 14th. The stock was acquired at an average price of $35.88 per share, for a total transaction of $179,400.00. Following the completion of the acquisition, the director now owns 45,316 shares of the company’s stock, valued at approximately $1,625,938.08. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 33,000 shares of company stock worth $1,169,050. Company insiders own 8.70% of the company’s stock.

KOP has been the topic of a number of recent research reports. Barrington Research restated a “buy” rating and set a $61.00 price objective on shares of Koppers in a research report on Monday, August 13th. B. Riley set a $60.00 price objective on Koppers and gave the company a “buy” rating in a research report on Friday, August 10th. Seaport Global Securities initiated coverage on Koppers in a research report on Tuesday, October 16th. They set a “buy” rating and a $42.00 price objective on the stock. Zacks Investment Research upgraded Koppers from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research report on Tuesday, August 14th. Finally, TheStreet downgraded Koppers from a “b-” rating to a “c” rating in a research report on Monday, August 13th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $50.50.

Koppers Profile

Koppers Holdings Inc, through its subsidiaries, provides treated wood products, wood treatment chemicals, and carbon compounds in the United States and internationally. The company operates through three segments: Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC).

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Institutional Ownership by Quarter for Koppers (NYSE:KOP)

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