Barrington Research Reaffirms “Outperform” Rating for Koppers (NYSE:KOP)

Koppers (NYSE:KOP)‘s stock had its “outperform” rating reissued by Barrington Research in a research report issued to clients and investors on Monday, Benzinga reports. They currently have a $64.00 price target on the specialty chemicals company’s stock. Barrington Research’s target price would indicate a potential upside of 82.23% from the company’s previous close.

Separately, Singular Research upgraded shares of Koppers to a “strong-buy” rating in a research note on Friday, September 20th.

Koppers Stock Up 1.4 %

Shares of KOP opened at $35.12 on Monday. The firm has a market cap of $720.66 million, a PE ratio of 9.62 and a beta of 1.84. The company has a quick ratio of 1.12, a current ratio of 2.53 and a debt-to-equity ratio of 1.92. The company’s fifty day moving average is $36.58 and its two-hundred day moving average is $39.49. Koppers has a fifty-two week low of $33.80 and a fifty-two week high of $58.23.

Koppers (NYSE:KOP) last posted its quarterly earnings results on Thursday, August 8th. The specialty chemicals company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.09. The firm had revenue of $563.20 million during the quarter, compared to the consensus estimate of $589.17 million. Koppers had a return on equity of 17.16% and a net margin of 3.72%. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.26 earnings per share. Analysts forecast that Koppers will post 4.05 earnings per share for the current year.

Insider Buying and Selling at Koppers

In other news, VP Joseph P. Dowd sold 5,516 shares of Koppers stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $37.72, for a total transaction of $208,063.52. Following the sale, the vice president now directly owns 10,300 shares of the company’s stock, valued at approximately $388,516. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.55% of the stock is owned by corporate insiders.

Institutional Trading of Koppers

Hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its holdings in Koppers by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,187,926 shares of the specialty chemicals company’s stock worth $43,942,000 after acquiring an additional 18,469 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Koppers by 20.7% in the 3rd quarter. Principal Financial Group Inc. now owns 568,787 shares of the specialty chemicals company’s stock worth $20,778,000 after purchasing an additional 97,586 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Koppers by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 221,207 shares of the specialty chemicals company’s stock valued at $8,182,000 after purchasing an additional 3,402 shares during the period. Millennium Management LLC grew its stake in Koppers by 586.8% during the 2nd quarter. Millennium Management LLC now owns 196,704 shares of the specialty chemicals company’s stock worth $7,276,000 after buying an additional 168,063 shares during the last quarter. Finally, Hennessy Advisors Inc. acquired a new stake in Koppers in the second quarter worth $5,671,000. Institutional investors and hedge funds own 92.75% of the company’s stock.

Koppers Company Profile

Koppers Holdings Inc provides treated wood products, wood preservation chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally. The company operates through Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC) segments.