Koppers Holdings Inc. (NYSE:KOP) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its holdings in shares of Koppers Holdings Inc. (NYSE:KOP) by 30.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,589 shares of the specialty chemicals company’s stock after selling 2,867 shares during the quarter. SG Americas Securities LLC’s holdings in Koppers were worth $213,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC grew its stake in Koppers by 170.4% during the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the specialty chemicals company’s stock valued at $30,000 after acquiring an additional 523 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Koppers in the third quarter valued at approximately $37,000. KBC Group NV increased its holdings in shares of Koppers by 83.8% in the third quarter. KBC Group NV now owns 1,204 shares of the specialty chemicals company’s stock valued at $44,000 after purchasing an additional 549 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its stake in Koppers by 277.2% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,520 shares of the specialty chemicals company’s stock worth $56,000 after buying an additional 1,117 shares during the last quarter. Finally, CWM LLC grew its holdings in Koppers by 47.4% in the 3rd quarter. CWM LLC now owns 2,296 shares of the specialty chemicals company’s stock valued at $84,000 after buying an additional 738 shares in the last quarter. Hedge funds and other institutional investors own 92.75% of the company’s stock.

Koppers Trading Down 1.7 %

NYSE KOP opened at $29.21 on Friday. Koppers Holdings Inc. has a 12 month low of $28.57 and a 12 month high of $58.23. The stock has a market capitalization of $592.15 million, a P/E ratio of 8.30 and a beta of 1.83. The firm’s 50-day moving average is $32.10 and its two-hundred day moving average is $35.38. The company has a debt-to-equity ratio of 1.83, a current ratio of 2.54 and a quick ratio of 1.13.

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 analysts’ consensus estimates of $1.25 by $0.12. The firm had revenue of $554.30 million during the quarter, compared to analysts’ expectations of $571.80 million. Koppers had a net margin of 3.55% and a return on equity of 16.71%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the company posted $1.32 EPS. On average, sell-side analysts anticipate that Koppers Holdings Inc. will post 4.24 earnings per share for the current year.

Insider Activity

In other news, CEO M Leroy Ball sold 6,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $37.26, for a total transaction of $223,560.00. Following the sale, 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 on Tuesday, November 19th. The shares were sold at an average price of $37.08, for a total value of $131,003.64. Following the completion of the sale, the director now owns 47,737 shares in the company, valued at approximately $1,770,087.96. The trade was a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,533 shares of company stock valued at $544,164. 6.55% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Barrington Research reissued an “outperform” rating and issued a $64.00 price objective on shares of Koppers in a report on Tuesday, November 12th. StockNews.com upgraded shares of Koppers from a “sell” rating to a “hold” rating in a report on Monday, November 11th.

Koppers Company 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.