Barrington Research Reaffirms “Outperform” Rating for Koppers (NYSE:KOP)

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

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

Koppers Stock Performance

Koppers stock opened at $38.97 on Monday. The firm’s 50 day simple moving average is $36.51 and its 200 day simple moving average is $39.36. 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 firm has a market capitalization of $799.66 million, a PE ratio of 10.68 and a beta of 1.84. Koppers has a 1-year low of $33.80 and a 1-year high of $58.23.

Koppers (NYSE:KOP) last posted its earnings results on Thursday, August 8th. The specialty chemicals company reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.09. The business had revenue of $563.20 million for 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.26 EPS. As a group, analysts expect 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 the stock in a transaction 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 transaction, the vice president now owns 10,300 shares of the company’s stock, valued at $388,516. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 6.55% of the company’s stock.

Hedge Funds Weigh In On Koppers

Several institutional investors and hedge funds have recently made changes to their positions in KOP. Millennium Management LLC grew its holdings 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 valued at $7,276,000 after purchasing an additional 168,063 shares during the last quarter. Hennessy Advisors Inc. bought a new position in shares of Koppers during the 2nd quarter valued at $5,671,000. Principal Financial Group Inc. grew its holdings 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 valued at $20,778,000 after purchasing an additional 97,586 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Koppers by 137.9% during the 3rd quarter. Empowered Funds LLC now owns 102,586 shares of the specialty chemicals company’s stock valued at $3,747,000 after purchasing an additional 59,460 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in Koppers by 167.5% during the 2nd quarter. AQR Capital Management LLC now owns 94,884 shares of the specialty chemicals company’s stock valued at $3,510,000 after buying an additional 59,416 shares during the period. Institutional investors 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.