Koppers (NYSE:KOP) Stock Price Down 4% – What’s Next?

Shares of Koppers Holdings Inc. (NYSE:KOP) traded down 4% on Tuesday . The company traded as low as $36.96 and last traded at $37.16. 21,943 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 145,352 shares. The stock had previously closed at $38.71.

Analysts Set New Price Targets

KOP has been the topic of several recent analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $64.00 price target on shares of Koppers in a research report on Tuesday, November 12th. Singular Research raised Koppers to a “strong-buy” rating in a research note on Friday, September 20th. Finally, StockNews.com raised Koppers from a “sell” rating to a “hold” rating in a research note on Monday, November 11th.

Koppers Stock Up 0.6 %

The firm has a fifty day simple moving average of $36.52 and a 200-day simple moving average of $38.35. The company has a market capitalization of $765.76 million, a P/E ratio of 10.73 and a beta of 1.84. The company has a quick ratio of 1.13, a current ratio of 2.54 and a debt-to-equity ratio of 1.83.

Koppers (NYSE:KOP) last issued its quarterly earnings results on Friday, November 8th. The specialty chemicals company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.25 by $0.12. Koppers had a return on equity of 16.71% and a net margin of 3.55%. The firm had revenue of $554.30 million during the quarter, compared to analysts’ expectations of $571.80 million. During the same period in the prior year, the firm posted $1.32 earnings per share. The business’s quarterly revenue was up .7% compared to the same quarter last year. On average, equities research analysts expect that Koppers Holdings Inc. will post 4.24 EPS for the current fiscal year.

Koppers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.07 per share. The ex-dividend date is Friday, November 29th. This represents a $0.28 dividend on an annualized basis and a yield of 0.74%. Koppers’s dividend payout ratio (DPR) is presently 7.95%.

Insiders Place Their Bets

In other news, CEO M Leroy Ball sold 5,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $37.92, for a total value of $189,600.00. Following the completion of the sale, the chief executive officer now directly owns 315,129 shares of the company’s stock, valued at $11,949,691.68. This represents a 1.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephen R. Tritch sold 3,533 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $37.08, for a total value of $131,003.64. Following the completion of the sale, the director now directly owns 47,737 shares of the company’s stock, valued at approximately $1,770,087.96. This trade represents a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,533 shares of company stock worth $544,164 in the last 90 days. Company insiders own 6.55% of the company’s stock.

Hedge Funds Weigh In On Koppers

Several institutional investors have recently modified their holdings of KOP. GAMMA Investing LLC increased its stake in Koppers by 170.4% in the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the specialty chemicals company’s stock worth $30,000 after acquiring an additional 523 shares during the last quarter. nVerses Capital LLC purchased a new stake in Koppers during the 2nd quarter valued at $37,000. Meeder Asset Management Inc. purchased a new stake in Koppers during the 3rd quarter valued at $37,000. KBC Group NV boosted its position in Koppers by 83.8% during the 3rd quarter. KBC Group NV now owns 1,204 shares of the specialty chemicals company’s stock valued at $44,000 after buying an additional 549 shares during the period. Finally, Innealta Capital LLC bought a new position in Koppers in the 2nd quarter worth $45,000. 92.75% of the stock is owned by institutional investors.

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.