Janney Montgomery Scott LLC Purchases Shares of 15,057 Koppers Holdings Inc. (NYSE:KOP)

Janney Montgomery Scott LLC purchased a new stake in Koppers Holdings Inc. (NYSE:KOP) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 15,057 shares of the specialty chemicals company’s stock, valued at approximately $488,000.

A number of other institutional investors have also recently bought and sold shares of KOP. Jane Street Group LLC lifted its position in shares of Koppers by 128.7% in the third quarter. Jane Street Group LLC now owns 60,542 shares of the specialty chemicals company’s stock worth $2,212,000 after purchasing an additional 34,074 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Koppers by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 424,871 shares of the specialty chemicals company’s stock worth $15,521,000 after purchasing an additional 20,586 shares in the last quarter. Barclays PLC lifted its position in shares of Koppers by 356.9% in the third quarter. Barclays PLC now owns 36,941 shares of the specialty chemicals company’s stock worth $1,350,000 after purchasing an additional 28,855 shares in the last quarter. Foundry Partners LLC bought a new stake in shares of Koppers in the third quarter worth $4,022,000. Finally, Principal Financial Group Inc. lifted its position in shares of Koppers by 20.7% in the third quarter. Principal Financial Group Inc. now owns 568,787 shares of the specialty chemicals company’s stock worth $20,778,000 after purchasing an additional 97,586 shares in the last quarter. Institutional investors own 92.75% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. StockNews.com raised shares of Koppers from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Barrington Research reaffirmed an “outperform” rating and set a $64.00 price target on shares of Koppers in a research report on Tuesday, November 12th.

Koppers Trading Down 1.7 %

KOP opened at $29.21 on Monday. Koppers Holdings Inc. has a twelve month low of $28.57 and a twelve month high of $58.23. The company has a 50-day simple moving average of $32.10 and a 200 day simple moving average of $35.33. The company has a quick ratio of 1.13, a current ratio of 2.54 and a debt-to-equity ratio of 1.83. The stock has a market capitalization of $592.15 million, a price-to-earnings ratio of 8.30 and a beta of 1.83.

Koppers (NYSE:KOP) last posted its quarterly earnings data on Friday, November 8th. The specialty chemicals company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.12. Koppers had a net margin of 3.55% and a return on equity of 16.71%. The business had revenue of $554.30 million during the quarter, compared to analysts’ expectations of $571.80 million. During the same quarter in the prior year, the business posted $1.32 earnings per share. Koppers’s revenue was up .7% compared to the same quarter last year. Analysts predict that Koppers Holdings Inc. will post 4.24 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO M Leroy Ball sold 6,000 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $37.26, for a total value of $223,560.00. Following the completion of the transaction, the chief executive officer now owns 314,325 shares of the company’s stock, valued at approximately $11,711,749.50. This represents a 1.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen R. Tritch sold 3,533 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $37.08, for a total transaction of $131,003.64. Following the completion of the transaction, the director now directly owns 47,737 shares of the company’s stock, valued at $1,770,087.96. This trade represents a 6.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,533 shares of company stock valued at $544,164 over the last quarter. 6.55% of the stock is owned by company insiders.

Koppers Profile

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