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

Koppers (NYSE:KOP)‘s stock had its “outperform” rating reissued by research analysts at Barrington Research in a research note issued to investors on Monday, Benzinga reports. They currently have a $64.00 price objective on the specialty chemicals company’s stock. Barrington Research’s price objective would indicate a potential upside of 86.05% from the company’s previous close.

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

Koppers Stock Up 0.6 %

Shares of KOP traded up $0.19 during trading hours on Monday, reaching $34.40. The stock had a trading volume of 16,118 shares, 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 firm has a 50-day simple moving average of $36.68 and a 200 day simple moving average of $39.72. The company has a current ratio of 2.53, a quick ratio of 1.12 and a debt-to-equity ratio of 1.92. The company 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 issued its quarterly earnings data on Thursday, August 8th. The specialty chemicals company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.09. Koppers had a return on equity of 17.16% and a net margin of 3.72%. The business had revenue of $563.20 million for the quarter, compared to analysts’ expectations of $589.17 million. During the same period last year, the business earned $1.26 EPS. The business’s revenue was down 2.4% on a year-over-year basis. Equities research analysts predict that Koppers will post 4.05 earnings per share for the current fiscal year.

Insider Transactions at Koppers

In other news, VP Joseph P. Dowd sold 5,516 shares of Koppers stock in a transaction on 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 in the company, valued at $388,516. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 6.55% of the company’s stock.

Institutional Investors Weigh In On Koppers

A number of hedge funds have recently made changes to their positions in the business. Millennium Management LLC increased its holdings in Koppers by 586.8% in the 2nd quarter. Millennium Management LLC now owns 196,704 shares of the specialty chemicals company’s stock worth $7,276,000 after acquiring an additional 168,063 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in Koppers in the 2nd quarter worth about $5,671,000. Principal Financial Group Inc. increased its holdings in 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 acquiring an additional 97,586 shares during the last quarter. AQR Capital Management LLC increased its holdings in Koppers by 167.5% in the 2nd quarter. AQR Capital Management LLC now owns 94,884 shares of the specialty chemicals company’s stock worth $3,510,000 after acquiring an additional 59,416 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in Koppers by 91.7% in the 1st quarter. Acadian Asset Management LLC now owns 119,691 shares of the specialty chemicals company’s stock worth $6,601,000 after acquiring an additional 57,252 shares during the last quarter. 92.75% of the stock is currently owned by institutional investors.

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.