Harbor Capital Advisors Inc. Sells 889 Shares of Koppers Holdings Inc. (NYSE:KOP)

Harbor Capital Advisors Inc. reduced its stake in shares of Koppers Holdings Inc. (NYSE:KOP) by 8.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 10,083 shares of the specialty chemicals company’s stock after selling 889 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Koppers were worth $368,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in Koppers by 170.4% during the third quarter. GAMMA Investing LLC now owns 830 shares of the specialty chemicals company’s stock valued at $30,000 after purchasing an additional 523 shares during the period. nVerses Capital LLC bought a new position in shares of Koppers during the second quarter worth $37,000. Innealta Capital LLC acquired a new position in shares of Koppers in the 2nd quarter valued at $45,000. CWM LLC raised its stake in Koppers by 237.2% during the 2nd quarter. CWM LLC now owns 1,558 shares of the specialty chemicals company’s stock worth $58,000 after buying an additional 1,096 shares during the period. Finally, Point72 DIFC Ltd acquired a new stake in Koppers during the 2nd quarter worth $96,000. 92.75% of the stock is owned by institutional investors.

Insider Activity at Koppers

In other Koppers news, VP Joseph P. Dowd sold 5,516 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $37.72, for a total transaction of $208,063.52. Following the completion of the transaction, the vice president now owns 10,300 shares of the company’s stock, valued at $388,516. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 6.55% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on KOP. Singular Research upgraded Koppers to a “strong-buy” rating in a report on Friday, September 20th. Barrington Research reissued an “outperform” rating and set a $64.00 target price on shares of Koppers in a research note on Monday.

Koppers Trading Down 2.4 %

KOP opened at $38.03 on Friday. The stock has a market capitalization of $780.38 million, a P/E ratio of 10.42 and a beta of 1.84. The company has a current ratio of 2.53, a quick ratio of 1.12 and a debt-to-equity ratio of 1.92. Koppers Holdings Inc. has a 12 month low of $33.80 and a 12 month high of $58.23. The firm’s fifty day simple moving average is $36.49 and its 200 day simple moving average is $39.35.

Koppers (NYSE:KOP) last issued its quarterly earnings results on Thursday, August 8th. The specialty chemicals company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.09. The company had revenue of $563.20 million for the quarter, compared to analyst estimates of $589.17 million. Koppers had a return on equity of 17.16% and a net margin of 3.72%. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.26 earnings per share. As a group, research analysts anticipate that Koppers Holdings Inc. will post 4.05 EPS for the current fiscal year.

About Koppers

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.