Koppers (NYSE:KOP) Shares Pass Above 200-Day Moving Average – Here’s What Happened
by Renee Jackson · The Cerbat GemKoppers Holdings Inc. (NYSE:KOP – Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $30.43 and traded as high as $39.09. Koppers shares last traded at $38.6510, with a volume of 171,492 shares.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the company. Barrington Research reaffirmed an “outperform” rating and issued a $55.00 price target on shares of Koppers in a research report on Thursday. Weiss Ratings raised Koppers from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, January 29th. Zacks Research raised shares of Koppers from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Finally, Wall Street Zen upgraded shares of Koppers from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $52.50.
View Our Latest Report on Koppers
Koppers Trading Down 1.0%
The company has a quick ratio of 1.13, a current ratio of 2.94 and a debt-to-equity ratio of 1.59. The stock has a market capitalization of $720.53 million, a PE ratio of 13.45, a PEG ratio of 1.00 and a beta of 1.30. The business’s 50-day moving average is $34.89 and its two-hundred day moving average is $30.48.
Koppers (NYSE:KOP – Get Free Report) last posted its earnings results on Thursday, February 26th. The specialty chemicals company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.11. The business had revenue of $432.70 million for the quarter, compared to analysts’ expectations of $445.00 million. Koppers had a return on equity of 15.47% and a net margin of 2.98%.The business’s revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.77 earnings per share. Koppers has set its FY 2026 guidance at 4.200-5.000 EPS. On average, analysts anticipate that Koppers Holdings Inc. will post 4.24 earnings per share for the current fiscal year.
Koppers Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Friday, March 6th were paid a $0.09 dividend. This is an increase from Koppers’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, March 6th. Koppers’s dividend payout ratio (DPR) is presently 13.00%.
Insider Activity
In other news, CEO M Leroy Ball sold 2,489 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $37.91, for a total transaction of $94,357.99. Following the transaction, the chief executive officer directly owned 447,459 shares in the company, valued at approximately $16,963,170.69. This trade represents a 0.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 6.90% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC raised its holdings in shares of Koppers by 3.2% in the first quarter. AQR Capital Management LLC now owns 71,897 shares of the specialty chemicals company’s stock valued at $2,013,000 after buying an additional 2,212 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Koppers by 3.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,602 shares of the specialty chemicals company’s stock worth $325,000 after buying an additional 361 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Koppers by 1.8% during the first quarter. Goldman Sachs Group Inc. now owns 107,054 shares of the specialty chemicals company’s stock worth $2,998,000 after buying an additional 1,845 shares during the last quarter. Empowered Funds LLC increased its position in Koppers by 3.0% in the 1st quarter. Empowered Funds LLC now owns 111,031 shares of the specialty chemicals company’s stock valued at $3,109,000 after acquiring an additional 3,212 shares during the period. Finally, Jane Street Group LLC increased its position in Koppers by 374.3% in the 1st quarter. Jane Street Group LLC now owns 52,076 shares of the specialty chemicals company’s stock valued at $1,458,000 after acquiring an additional 41,097 shares during the period. 92.75% of the stock is owned by hedge funds and other institutional investors.
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.