Koppers (NYSE:KOP) Shares Pass Above 200-Day Moving Average – Here’s Why
by Scott Moore · The Cerbat GemShares of Koppers Holdings Inc. (NYSE:KOP – Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $29.56 and traded as high as $38.17. Koppers shares last traded at $37.2610, with a volume of 291,887 shares traded.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. Zacks Research raised Koppers from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Barrington Research reaffirmed an “outperform” rating and set a $55.00 price objective on shares of Koppers in a report on Friday, February 27th. Wall Street Zen upgraded Koppers from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Finally, Weiss Ratings raised shares of Koppers from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, January 29th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Koppers currently has an average rating of “Moderate Buy” and an average target price of $52.50.
Get Our Latest Stock Report on KOP
Koppers Trading Up 1.1%
The stock has a market cap of $741.61 million, a P/E ratio of 13.63 and a beta of 1.35. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.13 and a current ratio of 2.94. The stock’s fifty day moving average is $32.51 and its 200 day moving average is $29.67.
Koppers (NYSE:KOP – Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The specialty chemicals company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.11. Koppers had a return on equity of 15.47% and a net margin of 2.98%.The company had revenue of $432.70 million for the quarter, compared to analysts’ expectations of $445.00 million. During the same period in the previous year, the firm posted $0.77 earnings per share. The firm’s revenue for the quarter was down 9.3% on a year-over-year basis. Koppers has set its FY 2026 guidance at 4.200-5.000 EPS. As a group, equities research analysts predict that Koppers Holdings Inc. will post 4.24 earnings per share for the current fiscal year.
Koppers Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 6th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, March 6th. This is a boost from Koppers’s previous quarterly dividend of $0.08. Koppers’s payout ratio is currently 13.00%.
Institutional Investors Weigh In On Koppers
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Financial Consulate Inc. bought a new stake in shares of Koppers in the 3rd quarter worth about $42,000. Byrne Asset Management LLC purchased a new stake in Koppers in the 3rd quarter worth about $42,000. Tower Research Capital LLC TRC raised its position in Koppers by 258.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,930 shares of the specialty chemicals company’s stock worth $62,000 after purchasing an additional 1,391 shares during the period. Quantbot Technologies LP lifted its stake in Koppers by 95.6% in the second quarter. Quantbot Technologies LP now owns 2,130 shares of the specialty chemicals company’s stock worth $68,000 after purchasing an additional 1,041 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Koppers by 23.5% in the second quarter. BNP Paribas Financial Markets now owns 3,235 shares of the specialty chemicals company’s stock worth $104,000 after purchasing an additional 615 shares during the last quarter. Hedge funds and other 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.