Koppers (NYSE:KOP) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Koppers Holdings Inc. (NYSE:KOP) passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $41.23 and traded as high as $41.80. Koppers shares last traded at $41.44, with a volume of 173,169 shares trading hands.

Analysts Set New Price Targets

A number of analysts have commented on the company. Wall Street Zen lowered Koppers from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. Weiss Ratings cut Koppers from a “hold (c+)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $55.00.

Koppers Stock Performance

The company’s fifty day moving average price is $44.96 and its 200 day moving average price is $41.30. The company has a market cap of $789.92 million, a PE ratio of -8.85 and a beta of 1.23. The company has a debt-to-equity ratio of 2.31, a current ratio of 2.33 and a quick ratio of 1.01.

Koppers (NYSE:KOP) last released its quarterly earnings results on Thursday, August 6th. The specialty chemicals company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.25. Koppers had a negative net margin of 4.59% and a positive return on equity of 14.98%. The business had revenue of $520.10 million for the quarter, compared to analysts’ expectations of $506.10 million. During the same period in the previous year, the company earned $1.48 earnings per share. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. Koppers has set its FY 2026 guidance at 3.800-4.200 EPS. On average, equities research analysts predict that Koppers Holdings Inc. will post 4.08 earnings per share for the current year.

Koppers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Friday, August 28th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, August 28th. Koppers’s dividend payout ratio (DPR) is -7.63%.

Insiders Place Their Bets

In other news, CAO Bradley A. Pearce sold 2,000 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $51.01, for a total transaction of $102,020.00. Following the completion of the sale, the chief accounting officer directly owned 41,037 shares of the company’s stock, valued at $2,093,297.37. This trade represents a 4.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Stephen G. Lucas sold 1,308 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $44.55, for a total value of $58,271.40. Following the sale, the senior vice president directly owned 34,345 shares of the company’s stock, valued at approximately $1,530,069.75. This represents a 3.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 97,808 shares of company stock worth $4,857,451 in the last ninety days. Company insiders own 7.28% of the company’s stock.

Hedge Funds Weigh In On Koppers

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Assetmark Inc. purchased a new stake in Koppers during the second quarter worth about $30,000. Nykredit A S bought a new stake in Koppers in the second quarter worth about $31,000. Public Employees Retirement System of Ohio purchased a new position in Koppers in the second quarter valued at about $50,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Koppers in the third quarter valued at about $56,000. Finally, Nisa Investment Advisors LLC grew its position in shares of Koppers by 102.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,037 shares of the specialty chemicals company’s stock valued at $93,000 after acquiring an additional 1,031 shares during the period. 92.75% of the stock is owned by hedge funds and other institutional investors.

About Koppers

Koppers Holdings Inc (NYSE:KOP) is a global provider of treated wood products, carbon compounds and performance chemicals. The company serves infrastructure, industrial and utility markets with products designed to preserve, protect and extend the service life of wood and other materials.

Koppers operates through two primary business areas: Railroad and Utility Products and Services, and Performance Chemicals. Its offerings include treated railroad crossties, utility poles, pilings and other wood products, as well as wood preservatives and related treatment services.