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

Barrington Research reaffirmed their outperform rating on shares of Koppers (NYSE:KOP) in a research report report published on Monday,Benzinga reports. Barrington Research currently has a $64.00 price target on the specialty chemicals company’s stock.

Separately, StockNews.com upgraded Koppers from a “sell” rating to a “hold” rating in a research note on Monday, November 11th.

Koppers Price Performance

Koppers stock opened at $32.26 on Monday. The company’s 50 day simple moving average is $30.96 and its 200-day simple moving average is $34.72. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.13 and a current ratio of 2.54. Koppers has a 1 year low of $28.57 and a 1 year high of $58.23. The company has a market capitalization of $653.88 million, a price-to-earnings ratio of 9.16 and a beta of 1.83.

Koppers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 7th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Koppers’s previous quarterly dividend of $0.07. This represents a $0.32 dividend on an annualized basis and a yield of 0.99%. Koppers’s dividend payout ratio is 9.09%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Meeder Asset Management Inc. purchased a new stake in Koppers during the 3rd quarter worth approximately $37,000. Quarry LP acquired a new position in shares of Koppers in the fourth quarter worth $40,000. KBC Group NV increased its position in shares of Koppers by 83.8% during the third quarter. KBC Group NV now owns 1,204 shares of the specialty chemicals company’s stock worth $44,000 after acquiring an additional 549 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Koppers by 277.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,520 shares of the specialty chemicals company’s stock valued at $56,000 after acquiring an additional 1,117 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in Koppers by 145.1% in the fourth quarter. US Bancorp DE now owns 2,027 shares of the specialty chemicals company’s stock valued at $66,000 after purchasing an additional 1,200 shares during the period. Hedge funds and other institutional investors own 92.75% of the company’s stock.

About Koppers

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.