Koppers (NYSE:KOP) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why
by Renee Jackson · The Cerbat GemKoppers Holdings Inc. (NYSE:KOP – Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $33.79 and traded as high as $41.36. Koppers shares last traded at $40.8340, with a volume of 228,446 shares.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Koppers from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Singular Research upgraded shares of Koppers to a “strong-buy” rating in a research report on Friday, May 15th. Zacks Research raised shares of Koppers from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Wall Street Zen raised shares of Koppers from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 16th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $55.00 price objective on shares of Koppers in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $52.50.
Get Our Latest Stock Analysis on Koppers
Koppers Stock Performance
The company has a market capitalization of $785.24 million, a P/E ratio of 10.75, a PEG ratio of 10.15 and a beta of 1.28. The stock has a fifty day simple moving average of $39.27 and a 200-day simple moving average of $33.79. The company has a quick ratio of 1.11, a current ratio of 2.71 and a debt-to-equity ratio of 1.67.
Koppers (NYSE:KOP – Get Free Report) last posted its earnings results on Friday, May 8th. The specialty chemicals company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.13. The business had revenue of $455.30 million for the quarter, compared to analyst estimates of $390.10 million. Koppers had a net margin of 4.10% and a return on equity of 14.53%. The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.71 EPS. Koppers has set its FY 2026 guidance at 3.800-4.600 EPS. Equities analysts forecast that Koppers Holdings Inc. will post 4.07 EPS for the current year.
Koppers Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.36 annualized dividend and a dividend yield of 0.9%. Koppers’s dividend payout ratio (DPR) is presently 9.47%.
Insider Activity
In other news, CEO M Leroy Ball sold 2,659 shares of Koppers stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $42.55, for a total value of $113,140.45. Following the completion of the transaction, the chief executive officer owned 444,096 shares in the company, valued at approximately $18,896,284.80. The trade was a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 7.28% of the company’s stock.
Hedge Funds Weigh In On Koppers
Several institutional investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its stake in Koppers by 27.0% in the first quarter. Bank of America Corp DE now owns 128,948 shares of the specialty chemicals company’s stock worth $4,988,000 after purchasing an additional 27,433 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Koppers by 8.3% in the first quarter. Empowered Funds LLC now owns 96,573 shares of the specialty chemicals company’s stock valued at $3,735,000 after buying an additional 7,398 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Koppers in the first quarter valued at about $200,000. Quantinno Capital Management LP raised its holdings in shares of Koppers by 25.1% in the first quarter. Quantinno Capital Management LP now owns 19,839 shares of the specialty chemicals company’s stock valued at $767,000 after buying an additional 3,978 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Koppers during the 1st quarter worth about $6,269,000. Institutional investors own 92.75% of the company’s stock.
About Koppers
Koppers Company, Inc is a global specialty chemicals and materials manufacturer serving diverse industrial markets. The company operates through two primary segments: Carbon Materials & Chemicals, which produces a range of coal tar–based products, phenolic specialties and carbon compounds; and Railroad Products & Services, which offers wood treating and infrastructure services for rail and utility customers.
In its Carbon Materials & Chemicals segment, Koppers supplies coal tar pitch, refined creosote, coal tar‐based distillates and phenolic resins used in aluminum smelting, graphite electrode manufacture, carbon fiber production, and water treatment applications.