Koppers (NYSE:KOP) Hits New 1-Year Low - Time to Sell?

Koppers Holdings Inc. (NYSE:KOP - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $33.40 and last traded at $33.40, with a volume of 100 shares traded. The stock had previously closed at $34.01.

Wall Street Analyst Weigh In

A number of research analysts recently commented on KOP shares. Singular Research raised Koppers to a "strong-buy" rating in a report on Friday, September 20th. Barrington Research reissued an "outperform" rating and issued a $64.00 target price on shares of Koppers in a report on Monday, August 12th.

Koppers Trading Up 0.6 %

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 stock has a 50-day moving average price of $36.77 and a two-hundred day moving average price of $39.98. The stock has a market cap of $701.99 million, a PE ratio of 9.32 and a beta of 1.84.

Koppers (NYSE:KOP - Get Free Report) last announced its quarterly 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. Koppers had a net margin of 3.72% and a return on equity of 17.16%. The company had revenue of $563.20 million for the quarter, compared to analysts' expectations of $589.17 million. During the same quarter in the previous year, the business posted $1.26 earnings per share. Koppers's quarterly revenue was down 2.4% on a year-over-year basis. Sell-side analysts forecast that Koppers Holdings Inc. will post 4.05 earnings per share for the current fiscal year.

Koppers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Friday, August 30th. Koppers's payout ratio is 7.67%.

Insider Activity

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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 6.55% of the company's stock.

Institutional Investors Weigh In On Koppers

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC boosted its position in Koppers by 170.4% in the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the specialty chemicals company's stock valued at $30,000 after buying an additional 523 shares during the period. nVerses Capital LLC bought a new position in Koppers in the second quarter worth approximately $37,000. Innealta Capital LLC purchased a new position in Koppers during the 2nd quarter worth $45,000. CWM LLC raised its position in Koppers by 237.2% during the 2nd quarter. CWM LLC now owns 1,558 shares of the specialty chemicals company's stock valued at $58,000 after purchasing an additional 1,096 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in shares of Koppers in the 2nd quarter worth $96,000. 92.75% of the stock is owned by institutional investors.

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.