Koppers (NYSE:KOP) Upgraded at Singular Research

Koppers (NYSE:KOP) was upgraded by equities research analysts at Singular Research to a “strong-buy” rating in a note issued to investors on Friday, Zacks.com reports.

Separately, Barrington Research reissued an “outperform” rating and issued a $64.00 target price on shares of Koppers in a research report on Monday, August 12th.

Koppers Stock Performance

NYSE KOP opened at $36.51 on Friday. The stock has a market cap of $774.01 million, a PE ratio of 10.28 and a beta of 1.84. Koppers has a twelve month low of $33.80 and a twelve month high of $58.23. The stock has a fifty day simple moving average of $37.71 and a 200-day simple moving average of $43.64. The company has a current ratio of 2.53, a quick ratio of 1.12 and a debt-to-equity ratio of 1.92.

Koppers (NYSE:KOP) last announced its earnings results 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 company had revenue of $563.20 million during the quarter, compared to analyst estimates 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 last year, the firm posted $1.26 earnings per share. Equities analysts anticipate that Koppers will post 4.24 earnings per share for the current year.

Insider Transactions at Koppers

In other Koppers news, VP Joseph P. Dowd sold 5,516 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $37.72, for a total value of $208,063.52. Following the completion of the transaction, the vice president now owns 10,300 shares of the company’s stock, valued at approximately $388,516. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.55% of the company’s stock.

Hedge Funds Weigh In On Koppers

Several hedge funds and other institutional investors have recently made changes to their positions in KOP. Dimensional Fund Advisors LP increased its position in shares of Koppers by 7.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,180,134 shares of the specialty chemicals company’s stock valued at $60,448,000 after purchasing an additional 82,741 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Koppers during the fourth quarter worth $242,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Koppers during the fourth quarter worth $772,000. Ables Iannone Moore & Associates Inc. purchased a new position in Koppers in the fourth quarter valued at $26,000. Finally, Quadrature Capital Ltd raised its stake in Koppers by 1.7% in the fourth quarter. Quadrature Capital Ltd now owns 15,379 shares of the specialty chemicals company’s stock valued at $788,000 after buying an additional 251 shares in the last quarter. 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.