Koppers Holdings Inc. (KOP) Shares Sold by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC lessened its stake in Koppers Holdings Inc. (NYSE:KOP) by 23.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,980 shares of the specialty chemicals company’s stock after selling 10,252 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned 0.17% of Koppers worth $579,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Phocas Financial Corp. acquired a new position in Koppers during the fourth quarter valued at approximately $3,635,000. Dimensional Fund Advisors LP increased its stake in shares of Koppers by 3.2% in the third quarter. Dimensional Fund Advisors LP now owns 671,438 shares of the specialty chemicals company’s stock worth $20,915,000 after buying an additional 20,898 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Koppers by 246.1% in the third quarter. SG Americas Securities LLC now owns 19,411 shares of the specialty chemicals company’s stock worth $605,000 after purchasing an additional 13,803 shares during the period. B. Riley Financial Inc. boosted its holdings in Koppers by 80.9% in the third quarter. B. Riley Financial Inc. now owns 14,195 shares of the specialty chemicals company’s stock worth $442,000 after purchasing an additional 6,348 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in Koppers by 56.5% in the fourth quarter. New York State Common Retirement Fund now owns 36,456 shares of the specialty chemicals company’s stock worth $621,000 after purchasing an additional 13,156 shares during the period. Institutional investors and hedge funds own 96.42% of the company’s stock.

In related news, VP R. Michael Johnson bought 20,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was purchased at an average price of $25.50 per share, with a total value of $510,000.00. Following the completion of the transaction, the vice president now directly owns 183,787 shares of the company’s stock, valued at $4,686,568.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 8.70% of the stock is owned by corporate insiders.

A number of research firms have commented on KOP. TheStreet raised shares of Koppers from a “d+” rating to a “c” rating in a report on Friday, March 22nd. Barrington Research reissued a “buy” rating and set a $34.00 price target on shares of Koppers in a report on Monday, March 4th. Finally, Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $33.00 price objective (up previously from $28.00) on shares of Koppers in a report on Monday, March 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $37.60.

Shares of KOP traded down $0.36 during trading hours on Monday, reaching $27.64. The company’s stock had a trading volume of 80,400 shares, compared to its average volume of 183,218. The company has a market capitalization of $577.64 million, a price-to-earnings ratio of 7.90, a P/E/G ratio of 0.49 and a beta of 1.15. Koppers Holdings Inc. has a 1-year low of $15.00 and a 1-year high of $46.30. The company has a debt-to-equity ratio of 14.61, a current ratio of 1.81 and a quick ratio of 0.86.

Koppers (NYSE:KOP) last announced its quarterly earnings results on Friday, March 1st. The specialty chemicals company reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.15. The business had revenue of $425.40 million during the quarter, compared to analysts’ expectations of $432.00 million. Koppers had a return on equity of 81.39% and a net margin of 1.37%. The firm’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.40 EPS. Equities research analysts expect that Koppers Holdings Inc. will post 3.15 earnings per share for the current fiscal year.

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About Koppers

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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Institutional Ownership by Quarter for Koppers (NYSE:KOP)

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