Koppers (NYSE:KOP) Reaches New 1-Year Low – Here’s What Happened

Koppers Holdings Inc. (NYSE:KOP) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $33.40 and last traded at $33.40, with a volume of 100 shares traded. The stock had previously closed at $34.01.

Analyst Ratings Changes

KOP has been the topic of several recent analyst reports. Barrington Research reiterated an “outperform” rating and issued a $64.00 price target on shares of Koppers in a report on Monday, August 12th. Singular Research upgraded Koppers to a “strong-buy” rating in a research report on Friday, September 20th.

Koppers Trading Up 1.0 %

The stock’s 50-day moving average price is $36.77 and its 200 day moving average price is $39.98. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.53 and a quick ratio of 1.12. The firm has a market capitalization of $704.86 million, a PE ratio of 9.32 and a beta of 1.84.

Koppers (NYSE:KOP) last issued its earnings results on Thursday, August 8th. The specialty chemicals company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.09. Koppers had a return on equity of 17.16% and a net margin of 3.72%. The business had revenue of $563.20 million during the quarter, compared to analyst estimates of $589.17 million. During the same period in the previous year, the company posted $1.26 EPS. Koppers’s revenue was down 2.4% on a year-over-year basis. On average, sell-side analysts expect that Koppers Holdings Inc. will post 4.05 EPS for the current fiscal year.

Koppers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend was Friday, August 30th. Koppers’s dividend payout ratio (DPR) is 7.67%.

Insider Transactions at Koppers

In related news, VP Joseph P. Dowd sold 5,516 shares of Koppers stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $37.72, for a total transaction of $208,063.52. Following the transaction, the vice president now directly owns 10,300 shares of the company’s stock, valued at $388,516. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 6.55% of the company’s stock.

Hedge Funds Weigh In On Koppers

Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in shares of Koppers by 170.4% in the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the specialty chemicals company’s stock valued at $30,000 after buying an additional 523 shares in the last quarter. nVerses Capital LLC acquired a new stake in Koppers in the second quarter valued at approximately $37,000. Innealta Capital LLC purchased a new position in Koppers in the second quarter worth $45,000. CWM LLC increased its position in shares of Koppers by 237.2% during the second quarter. CWM LLC now owns 1,558 shares of the specialty chemicals company’s stock worth $58,000 after purchasing an additional 1,096 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in shares of Koppers during the 2nd quarter valued at $96,000. 92.75% of the stock is currently 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.