LSV Asset Management Buys 125,799 Shares of Koppers Holdings Inc. (NYSE:KOP)

LSV Asset Management boosted its position in shares of Koppers Holdings Inc. (NYSE:KOP - Free Report) by 19.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 758,661 shares of the specialty chemicals company's stock after acquiring an additional 125,799 shares during the period. LSV Asset Management owned 3.70% of Koppers worth $21,243,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of KOP. SummerHaven Investment Management LLC grew its stake in shares of Koppers by 2.2% during the 1st quarter. SummerHaven Investment Management LLC now owns 22,451 shares of the specialty chemicals company's stock worth $629,000 after purchasing an additional 483 shares during the period. Victory Capital Management Inc. raised its holdings in Koppers by 2.3% in the first quarter. Victory Capital Management Inc. now owns 31,300 shares of the specialty chemicals company's stock valued at $876,000 after buying an additional 700 shares during the period. GAMMA Investing LLC raised its holdings in Koppers by 112.9% in the first quarter. GAMMA Investing LLC now owns 1,835 shares of the specialty chemicals company's stock valued at $51,000 after buying an additional 973 shares during the period. Quarry LP purchased a new stake in shares of Koppers during the fourth quarter valued at approximately $40,000. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Koppers by 7.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,422 shares of the specialty chemicals company's stock worth $597,000 after buying an additional 1,254 shares in the last quarter. Hedge funds and other institutional investors own 92.75% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Barrington Research reissued an "outperform" rating and set a $64.00 price target on shares of Koppers in a report on Tuesday, May 13th.

Koppers Stock Performance

Shares of NYSE:KOP traded up $0.65 during trading on Thursday, reaching $33.09. The stock had a trading volume of 37,097 shares, compared to its average volume of 149,302. Koppers Holdings Inc. has a 52 week low of $22.99 and a 52 week high of $40.07. The firm has a market capitalization of $662.05 million, a price-to-earnings ratio of 28.56 and a beta of 1.40. The stock has a fifty day simple moving average of $32.62 and a two-hundred day simple moving average of $29.93. The company has a quick ratio of 1.10, a current ratio of 2.64 and a debt-to-equity ratio of 1.96.

Koppers (NYSE:KOP - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The specialty chemicals company reported $0.71 earnings per share for the quarter, beating analysts' consensus estimates of $0.56 by $0.15. The firm had revenue of $456.50 million for the quarter, compared to analysts' expectations of $488.00 million. Koppers had a return on equity of 17.41% and a net margin of 1.24%. The business's revenue was down 8.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.62 earnings per share. As a group, analysts anticipate that Koppers Holdings Inc. will post 4.24 earnings per share for the current fiscal year.

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.