Koppers’ (KOP) “Outperform” Rating Reiterated at Barrington Research

Barrington Research restated their outperform rating on shares of Koppers (NYSE:KOP) in a report released on Friday morning, Benzinga reports. Barrington Research currently has a $64.00 target price on the specialty chemicals company’s stock.

Separately, Singular Research upgraded Koppers from a hold rating to a buy rating and set a $67.50 price objective on the stock in a research note on Wednesday, March 13th.

Koppers Stock Down 1.7 %

Koppers stock traded down $0.74 during trading hours on Friday, hitting $43.23. The company had a trading volume of 125,236 shares, compared to its average volume of 128,351. Koppers has a fifty-two week low of $28.45 and a fifty-two week high of $58.23. The company has a debt-to-equity ratio of 1.70, a current ratio of 2.29 and a quick ratio of 1.00. The firm has a market capitalization of $909.13 million, a P/E ratio of 12.43 and a beta of 1.86. The firm’s fifty day moving average is $53.83 and its 200-day moving average is $48.85.

Koppers (NYSE:KOP) last announced its quarterly earnings results on Friday, May 3rd. The specialty chemicals company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. Koppers had a net margin of 3.59% and a return on equity of 17.19%. The company had revenue of $497.60 million for the quarter, compared to analyst estimates of $497.00 million. During the same quarter in the prior year, the business posted $1.12 EPS. Koppers’s quarterly revenue was down 3.1% on a year-over-year basis. On average, research analysts forecast that Koppers will post 4.51 earnings per share for the current year.

Koppers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 24th will be given a $0.07 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $0.28 annualized dividend and a yield of 0.65%. Koppers’s dividend payout ratio (DPR) is currently 7.89%.

Insider Buying and Selling at Koppers

In related news, COO James A. Sullivan sold 700 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $54.01, for a total value of $37,807.00. Following the completion of the transaction, the chief operating officer now owns 111,192 shares of the company’s stock, valued at $6,005,479.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Joseph P. Dowd sold 3,488 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $53.61, for a total value of $186,991.68. Following the sale, the vice president now owns 36,969 shares of the company’s stock, valued at approximately $1,981,908.09. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO James A. Sullivan sold 700 shares of Koppers stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $54.01, for a total transaction of $37,807.00. Following the transaction, the chief operating officer now directly owns 111,192 shares of the company’s stock, valued at $6,005,479.92. The disclosure for this sale can be found here. Insiders have sold 31,591 shares of company stock valued at $1,700,094 in the last 90 days. 6.55% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of KOP. Ables Iannone Moore & Associates Inc. bought a new position in Koppers in the 4th quarter valued at $26,000. AJOVista LLC acquired a new stake in Koppers in the 4th quarter valued at about $62,000. Quantbot Technologies LP acquired a new position in shares of Koppers during the third quarter worth approximately $88,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Koppers during the third quarter valued at approximately $209,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of Koppers in the third quarter valued at approximately $223,000. Institutional investors own 92.75% of the company’s stock.

Koppers Company Profile

Koppers Holdings Inc provides treated wood products, wood preservation chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally. The company operates through Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC) segments.