B. Riley Financial Issues Pessimistic Forecast for Koppers (NYSE:KOP) Stock Price

Koppers (NYSE:KOP) had its target price decreased by equities researchers at B. Riley Financial from $62.00 to $54.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the specialty chemicals company’s stock. B. Riley Financial‘s price objective would indicate a potential upside of 81.93% from the company’s previous close.

A number of other research analysts have also recently issued reports on KOP. Wall Street Zen cut Koppers from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings downgraded Koppers from a “hold (c+)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $54.50.

Koppers Price Performance

Shares of KOP traded down $0.29 during midday trading on Monday, hitting $29.68. The company’s stock had a trading volume of 28,703 shares, compared to its average volume of 182,558. Koppers has a one year low of $26.02 and a one year high of $53.00. The company’s fifty day simple moving average is $44.13 and its two-hundred day simple moving average is $41.68. The company has a quick ratio of 1.01, a current ratio of 2.37 and a debt-to-equity ratio of 2.19. The stock has a market capitalization of $561.27 million, a price-to-earnings ratio of -5.81 and a beta of 1.23.

Koppers (NYSE:KOP) last posted its quarterly earnings results on Friday, November 6th. The specialty chemicals company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.60). Koppers had a positive return on equity of 14.17% and a negative net margin of 5.03%. The business had revenue of $499.10 million for the quarter, compared to analyst estimates of $518.60 million. During the same period last year, the firm posted $1.21 EPS. Koppers’s quarterly revenue was up 2.8% on a year-over-year basis. Koppers has set its FY 2026 guidance at 3.100-3.250 EPS. As a group, equities analysts expect that Koppers will post 4.03 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Leroy Ball sold 4,000 shares of the business’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $45.96, for a total transaction of $183,840.00. Following the sale, the chief executive officer owned 429,555 shares in the company, valued at $19,742,347.80. The trade was a 0.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider James A. Sullivan sold 7,500 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $50.00, for a total value of $375,000.00. Following the sale, the insider owned 82,898 shares in the company, valued at $4,144,900. This represents a 8.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 15,808 shares of company stock worth $754,631. Insiders own 7.28% of the company’s stock.

Institutional Trading of Koppers

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Koppers during the second quarter worth about $136,837,000. Pzena Investment Management LLC acquired a new position in shares of Koppers in the second quarter valued at approximately $47,652,000. Bank of New York Mellon Corp acquired a new position in shares of Koppers in the second quarter valued at approximately $9,993,000. Arrowstreet Capital Limited Partnership bought a new position in Koppers in the 1st quarter valued at approximately $6,269,000. Finally, Bank of America Corp DE bought a new position in Koppers in the 2nd quarter valued at approximately $5,294,000. 92.75% of the stock is owned by institutional investors and hedge funds.

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.