Barrington Research Reiterates “Outperform” Rating for Koppers (NYSE:KOP)

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

Separately, Singular Research upgraded Koppers to a “strong-buy” rating in a report on Friday, September 20th.

Koppers Price Performance

Shares of NYSE:KOP opened at $38.03 on Monday. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.53 and a quick ratio of 1.12. Koppers has a one year low of $33.80 and a one year high of $58.23. The company has a market cap of $780.38 million, a price-to-earnings ratio of 10.42 and a beta of 1.84. The firm has a 50 day simple moving average of $36.49 and a 200 day simple moving average of $39.35.

Koppers (NYSE:KOP) last announced its earnings results on Thursday, August 8th. The specialty chemicals company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the company earned $1.26 EPS. Koppers’s revenue for the quarter was down 2.4% compared to the same quarter last year. Research analysts predict that Koppers will post 4.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, VP Joseph P. Dowd sold 5,516 shares of Koppers stock in a transaction 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 completion of the sale, the vice president now directly owns 10,300 shares of the company’s stock, valued at approximately $388,516. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 6.55% of the stock is currently owned by company insiders.

Institutional Trading of Koppers

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