Koppers (NYSE:KOP) Upgraded to “Strong-Buy” by Singular Research

Singular Research upgraded shares of Koppers (NYSE:KOP) to a strong-buy rating in a research report report published on Friday morning, Zacks.com reports.

Separately, Barrington Research restated an outperform rating and issued a $64.00 price objective on shares of Koppers in a research note on Monday, August 12th.

Koppers Price Performance

Shares of NYSE:KOP opened at $36.54 on Friday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.12 and a current ratio of 2.53. The firm has a market cap of $774.65 million, a price-to-earnings ratio of 10.29 and a beta of 1.84. The business has a 50-day simple moving average of $37.71 and a two-hundred day simple moving average of $43.64. Koppers has a fifty-two week low of $33.80 and a fifty-two week high of $58.23.

Koppers (NYSE:KOP) last posted its earnings results on Thursday, August 8th. The specialty chemicals company reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.09. The business had revenue of $563.20 million during the quarter, compared to the consensus estimate of $589.17 million. Koppers had a net margin of 3.72% and a return on equity of 17.16%. The firm’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.26 EPS. On average, analysts expect that Koppers will post 4.24 earnings per share for the current year.

Koppers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.77%. The ex-dividend date was Friday, August 30th. Koppers’s dividend payout ratio is presently 7.89%.

Insider Activity

In other Koppers news, VP Joseph P. Dowd sold 5,516 shares of the 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 transaction, the vice president now owns 10,300 shares in the company, valued at $388,516. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 6.55% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Koppers in the fourth quarter worth approximately $26,000. nVerses Capital LLC purchased a new stake in Koppers in the second quarter worth $37,000. Innealta Capital LLC bought a new stake in shares of Koppers during the second quarter worth $45,000. CWM LLC boosted its stake 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 valued at $58,000 after purchasing an additional 1,096 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of Koppers during the first quarter valued at $136,000. Institutional investors own 92.75% of the company’s stock.

About Koppers

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.