Koppers (NYSE:KOP) Reaches New 52-Week High at $30.93

Koppers Holdings Inc. (NYSE:KOP) shares reached a new 52-week high on Monday . The company traded as high as $30.93 and last traded at $30.88, with a volume of 684 shares. The stock had previously closed at $29.76.

A number of equities research analysts have weighed in on the stock. ValuEngine downgraded shares of Koppers from a “sell” rating to a “strong sell” rating in a research note on Monday. Barrington Research reiterated a “buy” rating on shares of Koppers in a research note on Tuesday. Zacks Investment Research upgraded shares of Koppers from a “hold” rating to a “strong-buy” rating and set a $32.00 price target on the stock in a research note on Tuesday, October 15th. Finally, Monness Crespi & Hardt reiterated a “buy” rating and set a $37.00 price target (up previously from $33.00) on shares of Koppers in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Koppers presently has an average rating of “Buy” and a consensus price target of $36.00.

The company has a debt-to-equity ratio of 10.54, a current ratio of 2.01 and a quick ratio of 1.00. The stock’s 50 day simple moving average is $28.64 and its two-hundred day simple moving average is $27.88. The stock has a market cap of $615.53 million, a price-to-earnings ratio of 8.66, a P/E/G ratio of 0.49 and a beta of 1.09.

Koppers (NYSE:KOP) last posted its quarterly earnings results on Thursday, August 8th. The specialty chemicals company reported $1.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.17. Koppers had a net margin of 1.76% and a return on equity of 77.19%. The firm had revenue of $469.80 million for the quarter, compared to the consensus estimate of $491.43 million. During the same quarter in the previous year, the company earned $0.93 earnings per share. The business’s revenue was up 7.8% compared to the same quarter last year. As a group, analysts predict that Koppers Holdings Inc. will post 3.36 earnings per share for the current year.

In other news, Director Xudong Feng sold 2,442 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $26.92, for a total value of $65,738.64. Following the sale, the director now owns 27,510 shares in the company, valued at approximately $740,569.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP R. Michael Johnson bought 12,000 shares of Koppers stock in a transaction dated Tuesday, August 13th. The stock was purchased at an average price of $28.92 per share, for a total transaction of $347,040.00. Following the purchase, the vice president now directly owns 209,073 shares in the company, valued at approximately $6,046,391.16. The disclosure for this purchase can be found here. 5.90% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the company. Investors Research Corp boosted its holdings in Koppers by 3.9% during the second quarter. Investors Research Corp now owns 18,700 shares of the specialty chemicals company’s stock worth $549,000 after buying an additional 700 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Koppers during the second quarter worth about $224,000. D.B. Root & Company LLC boosted its holdings in Koppers by 9.5% during the second quarter. D.B. Root & Company LLC now owns 31,637 shares of the specialty chemicals company’s stock worth $928,000 after buying an additional 2,735 shares in the last quarter. AE Wealth Management LLC purchased a new stake in Koppers during the second quarter worth about $462,000. Finally, Zeke Capital Advisors LLC boosted its holdings in Koppers by 3.2% during the second quarter. Zeke Capital Advisors LLC now owns 18,346 shares of the specialty chemicals company’s stock worth $539,000 after buying an additional 576 shares in the last quarter. Institutional investors own 93.23% of the company’s stock.

About Koppers (NYSE:KOP)

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

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