Skylands Capital LLC Increases Stock Holdings in Koppers Holdings Inc. $KOP

Skylands Capital LLC grew its holdings in Koppers Holdings Inc. (NYSE:KOP) by 50.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 63,380 shares of the specialty chemicals company’s stock after purchasing an additional 21,280 shares during the period. Skylands Capital LLC owned approximately 0.32% of Koppers worth $1,775,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in KOP. Financial Consulate Inc. purchased a new stake in shares of Koppers in the 3rd quarter valued at $42,000. Byrne Asset Management LLC acquired a new stake in shares of Koppers during the third quarter worth about $42,000. Tower Research Capital LLC TRC boosted its stake in shares of Koppers by 258.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,930 shares of the specialty chemicals company’s stock valued at $62,000 after purchasing an additional 1,391 shares during the period. Quantbot Technologies LP grew its holdings in shares of Koppers by 95.6% in the second quarter. Quantbot Technologies LP now owns 2,130 shares of the specialty chemicals company’s stock valued at $68,000 after purchasing an additional 1,041 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Koppers by 23.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,235 shares of the specialty chemicals company’s stock worth $104,000 after buying an additional 615 shares during the period. 92.75% of the stock is currently owned by institutional investors and hedge funds.

Koppers Price Performance

Koppers stock opened at $33.19 on Wednesday. The company has a current ratio of 2.63, a quick ratio of 1.09 and a debt-to-equity ratio of 1.68. The company has a fifty day simple moving average of $28.72 and a 200-day simple moving average of $28.83. The stock has a market cap of $650.76 million, a P/E ratio of 41.48 and a beta of 1.40. Koppers Holdings Inc. has a 12-month low of $22.99 and a 12-month high of $35.61.

Analyst Ratings Changes

Several research firms have commented on KOP. Barrington Research restated an “outperform” rating and issued a $55.00 price target on shares of Koppers in a research note on Tuesday, November 11th. Weiss Ratings upgraded Koppers from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, January 29th. Finally, Zacks Research upgraded Koppers from a “strong sell” rating to a “hold” rating in a report on Monday. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $52.50.

About Koppers

Koppers Company, Inc is a global specialty chemicals and materials manufacturer serving diverse industrial markets. The company operates through two primary segments: Carbon Materials & Chemicals, which produces a range of coal tar–based products, phenolic specialties and carbon compounds; and Railroad Products & Services, which offers wood treating and infrastructure services for rail and utility customers.

In its Carbon Materials & Chemicals segment, Koppers supplies coal tar pitch, refined creosote, coal tar‐based distillates and phenolic resins used in aluminum smelting, graphite electrode manufacture, carbon fiber production, and water treatment applications.