Koppers (NYSE:KOP) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Koppers Holdings Inc. (NYSE:KOPGet Free Report)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $34.69 and traded as high as $42.17. Koppers shares last traded at $41.6260, with a volume of 110,462 shares.

Analyst Ratings Changes

Several equities research analysts recently issued reports on KOP shares. Wall Street Zen raised shares of Koppers from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 16th. Barrington Research reissued an “outperform” rating and issued a $55.00 target price on shares of Koppers in a report on Monday, May 4th. Weiss Ratings raised shares of Koppers from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Finally, Singular Research raised shares of Koppers to a “strong-buy” rating in a report on Friday, May 15th. One investment 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 stock. According to MarketBeat.com, Koppers currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.50.

Check Out Our Latest Stock Report on KOP

Koppers Stock Up 4.2%

The company has a current ratio of 2.71, a quick ratio of 1.11 and a debt-to-equity ratio of 1.67. The stock’s fifty day moving average price is $40.16 and its 200 day moving average price is $34.75. The stock has a market cap of $831.91 million, a P/E ratio of 11.38, a price-to-earnings-growth ratio of 10.05 and a beta of 1.26.

Koppers (NYSE:KOPGet Free Report) last released its earnings results on Friday, May 8th. The specialty chemicals company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.44 by $0.13. Koppers had a net margin of 4.10% and a return on equity of 14.53%. The company had revenue of $455.30 million for the quarter, compared to analyst estimates of $390.10 million. During the same quarter last year, the firm earned $0.71 EPS. The firm’s quarterly revenue was down .3% compared to the same quarter last year. Koppers has set its FY 2026 guidance at 3.800-4.600 EPS. As a group, research analysts forecast that Koppers Holdings Inc. will post 4.13 earnings per share for the current fiscal year.

Koppers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given 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 yield of 0.8%. Koppers’s dividend payout ratio is presently 9.47%.

Insiders Place Their Bets

In other Koppers news, CEO M Leroy Ball sold 2,659 shares of the stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $42.55, for a total transaction of $113,140.45. Following the completion of the sale, the chief executive officer owned 444,096 shares of the company’s stock, valued at $18,896,284.80. This represents a 0.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 7.28% of the stock is owned by insiders.

Institutional Investors Weigh In On Koppers

Several institutional investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd boosted its position in Koppers by 1.1% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 29,423 shares of the specialty chemicals company’s stock valued at $797,000 after buying an additional 308 shares during the period. Engineers Gate Manager LP boosted its position in Koppers by 0.7% during the 4th quarter. Engineers Gate Manager LP now owns 48,228 shares of the specialty chemicals company’s stock valued at $1,306,000 after buying an additional 332 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Koppers by 3.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,602 shares of the specialty chemicals company’s stock valued at $325,000 after buying an additional 361 shares during the period. First Trust Advisors LP boosted its position in Koppers by 0.9% during the 4th quarter. First Trust Advisors LP now owns 62,361 shares of the specialty chemicals company’s stock valued at $1,689,000 after buying an additional 567 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in Koppers by 23.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,235 shares of the specialty chemicals company’s stock valued at $104,000 after buying an additional 615 shares during the period. Hedge funds and other institutional investors own 92.75% of the company’s stock.

About Koppers

(Get Free Report)

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.

Further Reading

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