Koppers Holdings Inc. (KOP) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Koppers Holdings Inc. (NYSE:KOP) have been assigned an average recommendation of “Buy” from the six analysts that are currently covering the firm. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $38.67.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Koppers Holdings from a “hold” rating to a “strong-buy” rating and set a $38.00 price objective on the stock in a research report on Saturday, August 6th. Monness Crespi & Hardt downgraded shares of Koppers Holdings from a “buy” rating to a “neutral” rating in a research report on Monday, July 18th. Jefferies Group reaffirmed a “buy” rating on shares of Koppers Holdings in a research report on Wednesday, July 6th. Finally, Wunderlich lifted their price objective on shares of Koppers Holdings from $32.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, June 30th.
Shares of Koppers Holdings (NYSE:KOP) traded down 3.15% during mid-day trading on Tuesday, reaching $31.95. 31,322 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $31.77 and its 200-day moving average price is $28.70. The company’s market capitalization is $659.83 million. Koppers Holdings has a one year low of $13.58 and a one year high of $33.71.
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Koppers Holdings (NYSE:KOP) last posted its earnings results on Thursday, August 4th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.32. The business had revenue of $385.10 million for the quarter, compared to the consensus estimate of $395.95 million. Koppers Holdings had a negative net margin of 4.37% and a positive return on equity of 251.65%. The company’s revenue for the quarter was down 10.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 EPS. On average, equities analysts expect that Koppers Holdings will post $2.14 earnings per share for the current year.
In related news, VP Leslie S. Hyde sold 2,850 shares of Koppers Holdings stock in a transaction that occurred on 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 sale, the vice president now directly owns 25,432 shares in the company, valued at approximately $826,031.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Steven R. Lacy sold 6,670 shares of Koppers Holdings stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $32.76, for a total transaction of $218,509.20. Following the completion of the sale, the vice president now owns 57,788 shares of the company’s stock, valued at $1,893,134.88. The disclosure for this sale can be found here. 4.69% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the company. Southernsun Asset Management LLC boosted its stake 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 during the period. Fuller & Thaler Asset Management Inc. boosted its stake 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 during the period. BlackRock Fund Advisors boosted its stake 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 during the period. Royal Bank of Canada boosted its stake 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 during the period. Finally, Dimensional Fund Advisors LP boosted its stake 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 during the period. Institutional investors own 88.00% 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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