Koppers Holdings Inc. (NYSE:KOP) has been assigned an average recommendation of “Buy” from the seven research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $45.40.

Several research analysts have recently weighed in on KOP shares. TheStreet upgraded shares of Koppers Holdings from a “c” rating to a “b-” rating in a report on Thursday, August 3rd. Wunderlich upgraded shares of Koppers Holdings from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Wednesday, June 28th. Zacks Investment Research upgraded shares of Koppers Holdings from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Wednesday, July 12th. Jefferies Group LLC lowered shares of Koppers Holdings from a “buy” rating to a “hold” rating and cut their price objective for the stock from $48.00 to $40.00 in a report on Wednesday, May 31st. Finally, Barrington Research increased their price objective on shares of Koppers Holdings from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, May 15th.

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Shares of Koppers Holdings (NYSE:KOP) opened at 38.75 on Friday. The firm has a market capitalization of $803.87 million, a PE ratio of 19.73 and a beta of 0.97. Koppers Holdings has a 12 month low of $28.54 and a 12 month high of $45.85. The firm’s 50 day moving average is $36.93 and its 200-day moving average is $39.60.

Koppers Holdings (NYSE:KOP) last announced its quarterly earnings data on Thursday, August 3rd. The specialty chemicals company reported $1.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.26. The business had revenue of $378 million for the quarter, compared to analyst estimates of $369 million. Koppers Holdings had a net margin of 3.02% and a return on equity of 153.51%. The company’s revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.93 EPS. On average, analysts expect that Koppers Holdings will post $3.24 EPS for the current fiscal year.

In related news, SVP Thomas D. Loadman sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $38.92, for a total transaction of $389,200.00. Following the completion of the sale, the senior vice president now owns 48,927 shares of the company’s stock, valued at approximately $1,904,238.84. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Thomas D. Loadman sold 3,000 shares of the stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $35.01, for a total transaction of $105,030.00. Following the sale, the senior vice president now directly owns 35,927 shares of the company’s stock, valued at approximately $1,257,804.27. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of KOP. Dimensional Fund Advisors LP increased its stake in Koppers Holdings by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 624,177 shares of the specialty chemicals company’s stock worth $22,564,000 after buying an additional 13,383 shares during the period. Virtu KCG Holdings LLC acquired a new stake in Koppers Holdings during the second quarter worth about $201,000. Teachers Retirement System of The State of Kentucky increased its stake in Koppers Holdings by 25.8% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 7,800 shares of the specialty chemicals company’s stock worth $282,000 after buying an additional 1,600 shares during the period. Citadel Advisors LLC acquired a new stake in Koppers Holdings during the second quarter worth about $1,150,000. Finally, Nordea Investment Management AB acquired a new stake in Koppers Holdings during the second quarter worth about $1,930,000. 90.18% of the stock is owned by hedge funds and other institutional investors.

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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