Legal & General Group Plc Has $1.88 Million Holdings in Koppers Holdings Inc. (NYSE:KOP)

Legal & General Group Plc increased its stake in Koppers Holdings Inc. (NYSE:KOP) by 6.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,802 shares of the specialty chemicals company’s stock after purchasing an additional 2,429 shares during the quarter. Legal & General Group Plc owned 0.20% of Koppers worth $1,882,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in KOP. Macquarie Group Ltd. purchased a new position in shares of Koppers in the 3rd quarter valued at about $166,000. Municipal Employees Retirement System of Michigan increased its holdings in shares of Koppers 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 in the last quarter. Victory Capital Management Inc. purchased a new position in shares of Koppers in the 3rd quarter valued at about $195,000. Virtu KCG Holdings LLC purchased a new position in shares of Koppers in the 2nd quarter valued at about $201,000. Finally, BlueCrest Capital Management Ltd purchased a new position in shares of Koppers in the 2nd quarter valued at about $255,000. Institutional investors and hedge funds own 89.26% of the company’s stock.

A number of equities analysts have recently issued reports on KOP shares. B. Riley reiterated a “buy” rating and issued a $65.00 price target on shares of Koppers in a report on Tuesday, December 19th. Zacks Investment Research downgraded shares of Koppers from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Finally, Jefferies Group restated a “hold” rating and set a $40.00 target price on shares of Koppers in a report on Thursday, October 12th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. Koppers currently has an average rating of “Buy” and an average target price of $50.17.

Koppers Holdings Inc. (KOP) opened at $48.80 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.13 and a debt-to-equity ratio of 6.08. Koppers Holdings Inc. has a twelve month low of $33.90 and a twelve month high of $51.80. The firm has a market cap of $1,019.64, a PE ratio of 21.13, a price-to-earnings-growth ratio of 0.72 and a beta of 1.02.

Koppers (NYSE:KOP) last posted its earnings results on Thursday, November 9th. The specialty chemicals company reported $1.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.55. Koppers had a net margin of 3.54% and a return on equity of 119.06%. The firm had revenue of $384.80 million during the quarter, compared to the consensus estimate of $363.00 million. During the same period last year, the firm posted $0.99 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. equities research analysts anticipate that Koppers Holdings Inc. will post 3.73 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This report was posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this report on another site, it was copied illegally and reposted in violation of international trademark and copyright law. The correct version of this report can be read at https://www.thelincolnianonline.com/2018/01/14/koppers-holdings-inc-kop-shares-bought-by-legal-general-group-plc-updated-updated.html.

Koppers 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.

Institutional Ownership by Quarter for Koppers (NYSE:KOP)

Receive News & Ratings for Koppers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Koppers and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply