Koppers Holdings Inc. (NYSE:KOP) had its target price lifted by Barrington Research from $50.00 to $55.00 in a research report released on Monday, May 8th. They currently have an outperform rating on the specialty chemicals company’s stock.
Separately, Zacks Investment Research upgraded shares of Koppers Holdings from a hold rating to a buy rating and set a $45.00 price objective for the company in a report on Tuesday, January 10th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $45.25.
Shares of Koppers Holdings (NYSE:KOP) traded up 1.49% on Monday, hitting $37.55. The company had a trading volume of 90,153 shares. The company has a 50-day moving average of $40.95 and a 200 day moving average of $40.66. The stock has a market cap of $781.27 million, a PE ratio of 23.08 and a beta of 0.92. Koppers Holdings has a 12 month low of $23.61 and a 12 month high of $45.85.
Koppers Holdings (NYSE:KOP) last issued its quarterly earnings results on Friday, May 5th. The specialty chemicals company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.35 by $0.33. The company had revenue of $346.60 million during the quarter, compared to analysts’ expectations of $327.10 million. Koppers Holdings had a negative net margin of 4.42% and a positive return on equity of 1,225.00%. Koppers Holdings’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.28 EPS. Analysts anticipate that Koppers Holdings will post $2.92 EPS for the current fiscal year.
TRADEMARK VIOLATION WARNING: This report was first reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this report on another domain, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this report can be read at https://www.chaffeybreeze.com/2017/05/19/koppers-holdings-inc-kop-given-new-55-00-price-target-at-barrington-research-updated.html.
In other news, SVP Thomas D. Loadman sold 10,000 shares of the stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $38.92, for a total value of $389,200.00. Following the transaction, the senior vice president now directly owns 48,927 shares of the company’s stock, valued at $1,904,238.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Thomas D. Loadman sold 3,381 shares of the stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $44.85, for a total transaction of $151,637.85. Following the completion of the transaction, the senior vice president now directly owns 39,438 shares in the company, valued at $1,768,794.30. The disclosure for this sale can be found here. In the last three months, insiders sold 19,881 shares of company stock worth $827,618. 4.69% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE increased its position in Koppers Holdings by 111.7% in the first quarter. US Bancorp DE now owns 2,532 shares of the specialty chemicals company’s stock valued at $107,000 after buying an additional 1,336 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Koppers Holdings during the first quarter valued at approximately $112,000. Envestnet Asset Management Inc. increased its position in Koppers Holdings by 24.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,884 shares of the specialty chemicals company’s stock valued at $116,000 after buying an additional 570 shares during the period. Municipal Employees Retirement System of Michigan increased its position in Koppers Holdings by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,570 shares of the specialty chemicals company’s stock valued at $147,000 after buying an additional 70 shares during the period. Finally, Mason Street Advisors LLC increased its position in Koppers Holdings by 7.0% in the first quarter. Mason Street Advisors LLC now owns 4,832 shares of the specialty chemicals company’s stock valued at $205,000 after buying an additional 317 shares during the period. Institutional investors and hedge funds own 86.83% of the company’s stock.
Koppers Holdings Company Profile
Koppers Holdings Inc is a global integrated provider of treated wood products, wood treatment chemicals and carbon compounds. The Company operates through three segments: Railroad and Utility Products and Services (RUPS), Carbon Materials and Chemicals (CMC) and Performance Chemicals (PC). The RUPS business sells treated and untreated wood products, rail joint bars and services primarily to the railroad markets.
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