According to Zacks, “Koppers Holdings Inc. is a global integrated producer of carbon compounds and treated wood products. Including its joint ventures, Koppers operates facilities in the United States, United Kingdom, Denmark, Australia, China, the Pacific Rim and South Africa. “
KOP has been the topic of several other research reports. Jefferies Group reiterated a buy rating on shares of Koppers Holdings in a research report on Wednesday, July 6th. Wunderlich raised their price target on Koppers Holdings from $32.00 to $39.00 and gave the stock a buy rating in a research report on Thursday, June 30th. Finally, Monness Crespi & Hardt cut Koppers Holdings from a buy rating to a neutral rating in a research report on Monday, July 18th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $37.00.
Koppers Holdings (NYSE:KOP) opened at 32.27 on Wednesday. The firm’s market cap is $666.44 million. Koppers Holdings has a 12 month low of $13.58 and a 12 month high of $33.71. The company’s 50-day moving average is $31.72 and its 200 day moving average is $29.01.
Koppers Holdings (NYSE:KOP) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.32. The firm had revenue of $385.10 million for the quarter, compared to analysts’ expectations of $395.95 million. Koppers Holdings had a positive return on equity of 251.65% and a negative net margin of 4.37%. The company’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.68 EPS. Equities research analysts expect that Koppers Holdings will post $2.14 EPS for the current fiscal year.
In other Koppers Holdings news, VP Steven R. Lacy sold 6,670 shares of Koppers Holdings stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $32.76, for a total value of $218,509.20. Following the transaction, the vice president now owns 57,788 shares in the company, valued at $1,893,134.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Leslie S. Hyde sold 2,850 shares of Koppers Holdings stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $32.48, for a total value of $92,568.00. Following the completion of the transaction, the vice president now owns 25,432 shares in the company, valued at approximately $826,031.36. The disclosure for this sale can be found here. 4.69% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Southernsun Asset Management LLC boosted its position in Koppers Holdings by 18.7% in the first quarter. Southernsun Asset Management LLC now owns 1,618,948 shares of the company’s stock worth $36,378,000 after buying an additional 255,567 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Koppers Holdings by 20.1% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,577,301 shares of the company’s stock worth $48,470,000 after buying an additional 264,297 shares in the last quarter. BlackRock Fund Advisors boosted its position in Koppers Holdings by 3.2% in the second quarter. BlackRock Fund Advisors now owns 1,380,049 shares of the company’s stock worth $42,409,000 after buying an additional 43,361 shares in the last quarter. Royal Bank of Canada boosted its position in Koppers Holdings by 2.8% in the second quarter. Royal Bank of Canada now owns 1,192,731 shares of the company’s stock worth $36,653,000 after buying an additional 32,015 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Koppers Holdings by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 705,297 shares of the company’s stock worth $21,674,000 after buying an additional 13,846 shares in the last quarter. Hedge funds and other institutional investors own 87.98% of the company’s stock.
About Koppers Holdings
Koppers Holdings Inc is an integrated global provider of treated wood products, wood treatment chemicals and carbon compounds. The Company operates through three business segments: Railroad and Utility Products and Services (RUPS), Carbon Materials and Chemicals (CMC) and Performance Chemicals (PC). The Railroad and Utility Products and Services segment sells treated and untreated wood products, rail joint bars and services primarily to the railroad industry and treated wood products to the utility industry.
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