Koppers (NYSE:KOP) Receives “Outperform” Rating from Barrington Research

Koppers (NYSE:KOP)‘s stock had its “outperform” rating reiterated by equities research analysts at Barrington Research in a note issued to investors on Monday, Benzinga reports. They presently have a $64.00 target price on the specialty chemicals company’s stock. Barrington Research’s price target indicates a potential upside of 86.05% from the stock’s current price.

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

Koppers Price Performance

KOP traded up $0.19 on Monday, hitting $34.40. 16,118 shares of the stock were exchanged, compared to its average volume of 145,659. Koppers has a 12 month low of $33.80 and a 12 month high of $58.23. The business has a 50-day moving average of $36.68 and a two-hundred day moving average of $39.72. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.53 and a quick ratio of 1.12. The firm has a market capitalization of $705.89 million, a price-to-earnings ratio of 9.38 and a beta of 1.84.

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

Insider Activity

In other Koppers news, VP Joseph P. Dowd sold 5,516 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $37.72, for a total transaction of $208,063.52. Following the completion of the sale, the vice president now owns 10,300 shares of the company’s stock, valued at approximately $388,516. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.55% of the stock is currently owned by insiders.

Institutional Trading of Koppers

Several large investors have recently modified their holdings of KOP. Millennium Management LLC grew its position in shares of 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 period. Hennessy Advisors Inc. acquired a new stake in shares of Koppers during the 2nd quarter worth approximately $5,671,000. Principal Financial Group Inc. grew its position in shares of Koppers by 20.7% during the 3rd quarter. Principal Financial Group Inc. now owns 568,787 shares of the specialty chemicals company’s stock worth $20,778,000 after buying an additional 97,586 shares during the period. AQR Capital Management LLC grew its position in shares of Koppers by 167.5% during the 2nd quarter. AQR Capital Management LLC now owns 94,884 shares of the specialty chemicals company’s stock worth $3,510,000 after buying an additional 59,416 shares during the period. Finally, Acadian Asset Management LLC grew its position in shares of Koppers by 91.7% during the 1st quarter. Acadian Asset Management LLC now owns 119,691 shares of the specialty chemicals company’s stock worth $6,601,000 after buying an additional 57,252 shares during the period. 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.