A number of other research firms have also recently weighed in on KOP. Monness Crespi & Hardt reissued a “buy” rating and issued a $37.00 target price (up previously from $33.00) on shares of Koppers in a research note on Friday, August 9th. Barrington Research restated a “buy” rating on shares of Koppers in a research report on Tuesday, October 22nd. Finally, Zacks Investment Research upgraded shares of Koppers from a “hold” rating to a “strong-buy” rating and set a $32.00 target price on the stock in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. Koppers presently has an average rating of “Hold” and an average target price of $42.33.
KOP traded up $0.36 during trading on Friday, hitting $36.48. The stock had a trading volume of 179,704 shares, compared to its average volume of 139,671. The company has a 50 day simple moving average of $35.62 and a 200-day simple moving average of $29.72. Koppers has a 12 month low of $15.00 and a 12 month high of $44.75. The company has a current ratio of 1.96, a quick ratio of 0.92 and a debt-to-equity ratio of 9.32. The firm has a market cap of $766.87 million, a PE ratio of 10.42, a P/E/G ratio of 0.59 and a beta of 1.18.
Koppers (NYSE:KOP) last posted its quarterly earnings data on Thursday, November 7th. The specialty chemicals company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.27. The company had revenue of $474.90 million for the quarter, compared to the consensus estimate of $485.13 million. Koppers had a net margin of 2.40% and a return on equity of 81.83%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.73 EPS. As a group, sell-side analysts anticipate that Koppers will post 3.47 earnings per share for the current fiscal year.
In related news, insider Steven R. Lacy sold 5,615 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $42.71, for a total transaction of $239,816.65. Following the completion of the sale, the insider now directly owns 39,600 shares of the company’s stock, valued at $1,691,316. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Xudong Feng sold 2,442 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $26.92, for a total transaction of $65,738.64. Following the sale, the director now directly owns 27,510 shares of the company’s stock, valued at $740,569.20. The disclosure for this sale can be found here. Insiders have sold 10,744 shares of company stock worth $385,413 over the last quarter. 5.90% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of KOP. Prudential Financial Inc. increased its stake in Koppers by 244.6% in the second quarter. Prudential Financial Inc. now owns 499,666 shares of the specialty chemicals company’s stock valued at $14,670,000 after purchasing an additional 354,654 shares in the last quarter. LSV Asset Management increased its stake in Koppers by 20.0% in the second quarter. LSV Asset Management now owns 372,286 shares of the specialty chemicals company’s stock valued at $10,930,000 after purchasing an additional 62,100 shares in the last quarter. THB Asset Management increased its stake in Koppers by 5.2% in the second quarter. THB Asset Management now owns 327,259 shares of the specialty chemicals company’s stock valued at $9,608,000 after purchasing an additional 16,066 shares in the last quarter. Northern Trust Corp increased its position in shares of Koppers by 0.4% during the second quarter. Northern Trust Corp now owns 294,667 shares of the specialty chemicals company’s stock worth $8,651,000 after acquiring an additional 1,293 shares in the last quarter. Finally, Phocas Financial Corp. increased its position in shares of Koppers by 16.9% during the third quarter. Phocas Financial Corp. now owns 223,183 shares of the specialty chemicals company’s stock worth $6,519,000 after acquiring an additional 32,293 shares in the last quarter. 89.48% of the stock is owned by institutional investors and hedge funds.
Koppers Company Profile
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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