Koppers (NYSE:KOP) Given “Outperform” Rating at Barrington Research
by Mitch Edgeman · The Markets DailyBarrington Research reissued their outperform rating on shares of Koppers (NYSE:KOP – Free Report) in a research note issued to investors on Thursday morning,Benzinga reports. Barrington Research currently has a $55.00 target price on the specialty chemicals company’s stock.
Other research analysts have also issued research reports about the stock. Zacks Research upgraded shares of Koppers from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Wall Street Zen raised shares of Koppers from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Finally, Weiss Ratings upgraded shares of Koppers from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, January 29th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Koppers presently has a consensus rating of “Moderate Buy” and an average target price of $52.50.
View Our Latest Research Report on KOP
Koppers Stock Performance
Koppers stock opened at $37.26 on Thursday. 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 cap of $720.53 million, a PE ratio of 13.45, a P/E/G ratio of 0.97 and a beta of 1.30. Koppers has a 12-month low of $22.99 and a 12-month high of $39.50. The business’s 50-day moving average price is $35.05 and its two-hundred day moving average price is $30.53.
Koppers (NYSE:KOP – Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The specialty chemicals company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $445.00 million. During the same period in the prior year, the company earned $0.77 EPS. Koppers’s revenue was down 9.3% compared to the same quarter last year. Koppers has set its FY 2026 guidance at 4.200-5.000 EPS. As a group, analysts expect that Koppers will post 4.24 earnings per share for the current fiscal year.
Koppers Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Friday, March 6th were paid a dividend of $0.09 per share. This is a boost from Koppers’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, March 6th. This represents a $0.36 annualized dividend and a yield of 1.0%. Koppers’s dividend payout ratio (DPR) is 13.00%.
Insider Activity at Koppers
In other Koppers news, CEO M Leroy Ball sold 2,489 shares of Koppers 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 owned 447,459 shares of the company’s stock, valued at $16,963,170.69. This trade represents a 0.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 6.90% of the stock is currently owned by corporate insiders.
Institutional Trading of Koppers
A number of large investors have recently bought and sold shares of KOP. Simcoe Capital Management LLC bought a new stake in Koppers in the 4th quarter valued at about $22,032,000. LSV Asset Management boosted its position in Koppers by 17.1% during the third quarter. LSV Asset Management now owns 954,431 shares of the specialty chemicals company’s stock worth $26,724,000 after purchasing an additional 139,600 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Koppers in the third quarter worth about $3,635,000. American Century Companies Inc. increased its stake in shares of Koppers by 145.2% in the second quarter. American Century Companies Inc. now owns 186,729 shares of the specialty chemicals company’s stock worth $6,003,000 after purchasing an additional 110,577 shares in the last quarter. Finally, Seizert Capital Partners LLC raised its position in shares of Koppers by 209.4% in the fourth quarter. Seizert Capital Partners LLC now owns 112,401 shares of the specialty chemicals company’s stock valued at $3,044,000 after purchasing an additional 76,068 shares during the period. 92.75% of the stock is owned by hedge funds and other institutional investors.
Koppers Company Profile
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.