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

Barrington Research reiterated their outperform rating on shares of Koppers (NYSE:KOP - Free Report) in a research report report published on Monday, Benzinga reports. They currently have a $64.00 price objective on the specialty chemicals company's stock.

Separately, Singular Research upgraded shares of Koppers to a "strong-buy" rating in a research report on Friday, September 20th.

Koppers Price Performance

NYSE KOP traded up $0.41 on Monday, reaching $34.62. The company's stock had a trading volume of 102,476 shares, compared to its average volume of 146,065. The firm has a market cap of $710.37 million, a PE ratio of 9.48 and a beta of 1.84. The business has a 50-day moving average price of $36.68 and a 200 day moving average price of $39.62. Koppers has a 52 week low of $33.80 and a 52 week high of $58.23. 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 - Get Free Report) last posted its earnings results on Thursday, August 8th. The specialty chemicals company reported $1.36 earnings per share for the quarter, beating analysts' consensus estimates of $1.27 by $0.09. The business had revenue of $563.20 million for the quarter, compared to analysts' expectations of $589.17 million. Koppers had a net margin of 3.72% and a return on equity of 17.16%. The firm's revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.26 earnings per share. Sell-side analysts expect that Koppers will post 4.05 EPS for the current year.

Koppers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.81%. Koppers's payout ratio is 7.67%.

Insider Transactions at Koppers

In other news, VP Joseph P. Dowd sold 5,516 shares of the company'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 transaction of $208,063.52. Following the transaction, the vice president now directly owns 10,300 shares in the company, valued at approximately $388,516. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.55% of the stock is owned by company insiders.

Hedge Funds Weigh In On Koppers

Large investors have recently modified their holdings of the stock. Texas Permanent School Fund Corp lifted its holdings in Koppers by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 18,224 shares of the specialty chemicals company's stock valued at $1,005,000 after buying an additional 236 shares during the period. Illinois Municipal Retirement Fund lifted its holdings in Koppers by 2.4% in the first quarter. Illinois Municipal Retirement Fund now owns 12,767 shares of the specialty chemicals company's stock valued at $704,000 after buying an additional 302 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Koppers by 3.6% in the second quarter. The Manufacturers Life Insurance Company now owns 10,878 shares of the specialty chemicals company's stock valued at $402,000 after buying an additional 376 shares during the period. Louisiana State Employees Retirement System lifted its holdings in Koppers by 3.9% in the second quarter. Louisiana State Employees Retirement System now owns 10,700 shares of the specialty chemicals company's stock valued at $396,000 after buying an additional 400 shares during the period. Finally, Federated Hermes Inc. lifted its holdings in Koppers by 0.6% in the second quarter. Federated Hermes Inc. now owns 76,772 shares of the specialty chemicals company's stock valued at $2,840,000 after buying an additional 423 shares during the period. 92.75% of the stock is currently owned by institutional investors and hedge funds.

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.