Barrington Research Equities Analysts Lower Earnings Estimates for Koppers Holdings Inc. (NYSE:KOP)

Koppers Holdings Inc. (NYSE:KOP) – Research analysts at Barrington Research reduced their Q1 2024 earnings estimates for Koppers in a research note issued to investors on Tuesday, March 26th. Barrington Research analyst G. Prestopino now forecasts that the specialty chemicals company will earn $0.67 per share for the quarter, down from their previous forecast of $0.72. Barrington Research currently has a “Outperform” rating and a $64.00 target price on the stock. The consensus estimate for Koppers’ current full-year earnings is $4.59 per share. Barrington Research also issued estimates for Koppers’ Q3 2024 earnings at $1.70 EPS.

Several other research analysts have also recently commented on KOP. Singular Research upgraded shares of Koppers from a “hold” rating to a “buy” rating and set a $67.50 target price for the company in a report on Wednesday, March 13th. StockNews.com cut shares of Koppers from a “hold” rating to a “sell” rating in a report on Friday, December 29th. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Koppers presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.50.

Koppers Stock Up 0.9 %

Koppers stock opened at $54.76 on Thursday. Koppers has a twelve month low of $28.45 and a twelve month high of $58.23. The company has a 50 day moving average of $52.31 and a 200-day moving average of $45.95. The stock has a market capitalization of $1.15 billion, a PE ratio of 13.20 and a beta of 1.87. The company has a quick ratio of 0.93, a current ratio of 2.14 and a debt-to-equity ratio of 1.66.

Koppers (NYSE:KOP) last released its quarterly earnings results on Wednesday, February 28th. The specialty chemicals company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.05). The company had revenue of $513.20 million during the quarter, compared to analyst estimates of $483.67 million. Koppers had a net margin of 4.14% and a return on equity of 20.10%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.09 EPS.

Koppers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 8th were paid a $0.07 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.28 dividend on an annualized basis and a yield of 0.51%. This is a boost from Koppers’s previous quarterly dividend of $0.06. Koppers’s dividend payout ratio (DPR) is currently 6.75%.

Insider Buying and Selling at Koppers

In other news, COO James A. Sullivan sold 700 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $54.01, for a total value of $37,807.00. Following the transaction, the chief operating officer now directly owns 111,192 shares of the company’s stock, valued at $6,005,479.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Leslie S. Hyde sold 22,403 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $53.91, for a total value of $1,207,745.73. Following the transaction, the senior vice president now directly owns 55,658 shares of the company’s stock, valued at $3,000,522.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO James A. Sullivan sold 700 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $54.01, for a total transaction of $37,807.00. Following the transaction, the chief operating officer now directly owns 111,192 shares in the company, valued at $6,005,479.92. The disclosure for this sale can be found here. Insiders sold a total of 31,591 shares of company stock worth $1,700,094 over the last quarter. 7.00% of the stock is currently owned by insiders.

Institutional Trading of Koppers

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Quadrature Capital Ltd raised its stake in Koppers by 1.7% in the 4th quarter. Quadrature Capital Ltd now owns 15,379 shares of the specialty chemicals company’s stock worth $788,000 after purchasing an additional 251 shares in the last quarter. Barclays PLC raised its stake in Koppers by 1.8% in the 2nd quarter. Barclays PLC now owns 16,274 shares of the specialty chemicals company’s stock worth $555,000 after purchasing an additional 286 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Koppers by 7.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,330 shares of the specialty chemicals company’s stock worth $182,000 after purchasing an additional 352 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in Koppers by 5.7% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 6,772 shares of the specialty chemicals company’s stock worth $231,000 after purchasing an additional 366 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Koppers by 50.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,176 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 394 shares in the last quarter. 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.