Guggenheim Capital LLC acquired a new position in shares of Koppers Holdings Inc. (NYSE:KOP) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 38,802 shares of the specialty chemicals company’s stock, valued at approximately $1,975,000. Guggenheim Capital LLC owned 0.19% of Koppers as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC acquired a new stake in shares of Koppers during the 4th quarter worth approximately $141,000. LS Investment Advisors LLC grew its position in shares of Koppers by 314.0% during the 4th quarter. LS Investment Advisors LLC now owns 2,902 shares of the specialty chemicals company’s stock worth $148,000 after buying an additional 2,201 shares during the period. Macquarie Group Ltd. acquired a new stake in shares of Koppers during the 3rd quarter worth approximately $166,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Koppers during the 3rd quarter worth approximately $209,000. Finally, First Quadrant L P CA acquired a new stake in shares of Koppers during the 4th quarter worth approximately $232,000. 91.93% of the stock is owned by institutional investors.
NYSE KOP opened at $45.55 on Tuesday. Koppers Holdings Inc. has a 12-month low of $33.90 and a 12-month high of $51.80. The company has a debt-to-equity ratio of 6.29, a current ratio of 1.80 and a quick ratio of 0.96. The firm has a market capitalization of $922.56, a P/E ratio of 12.39 and a beta of 0.89.
Koppers (NYSE:KOP) last posted its quarterly earnings results on Tuesday, February 27th. The specialty chemicals company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.04). Koppers had a net margin of 1.97% and a return on equity of 94.85%. The business had revenue of $366.10 million during the quarter, compared to analyst estimates of $308.05 million. During the same period in the previous year, the business posted $0.40 EPS. The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. sell-side analysts expect that Koppers Holdings Inc. will post 4.16 earnings per share for the current year.
Several analysts have recently commented on KOP shares. B. Riley reaffirmed a “buy” rating and set a $65.00 price objective on shares of Koppers in a research report on Tuesday, December 19th. Zacks Investment Research raised shares of Koppers from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Thursday, March 8th. TheStreet downgraded shares of Koppers from a “b-” rating to a “c” rating in a research report on Tuesday, February 27th. Finally, ValuEngine downgraded shares of Koppers from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $48.33.
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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