Zacks Investment Research upgraded shares of Koppers Holdings Inc. (NYSE:KOP) from a hold rating to a buy rating in a research report sent to investors on Tuesday. They currently have $44.00 price target on the specialty chemicals company’s stock.
According to Zacks, “Koppers Holdings Inc. is a global integrated producer of carbon compounds and treated wood products. Including its joint ventures, Koppers operates facilities in the United States, United Kingdom, Denmark, Australia, China, the Pacific Rim and South Africa. “
Other equities research analysts also recently issued research reports about the company. TheStreet upgraded Koppers Holdings from a c rating to a b- rating in a research report on Thursday, August 3rd. Wunderlich upgraded Koppers Holdings from a hold rating to a buy rating and set a $44.00 price target on the stock in a research report on Wednesday, June 28th. Jefferies Group LLC downgraded Koppers Holdings from a buy rating to a hold rating and lowered their price target for the company from $48.00 to $40.00 in a research report on Wednesday, May 31st. FBR & Co restated an outperform rating and set a $44.00 price target on shares of Koppers Holdings in a research report on Tuesday, July 11th. Finally, Barrington Research raised their price target on Koppers Holdings from $50.00 to $55.00 and gave the company an outperform rating in a research report on Monday, May 15th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and an average price target of $45.40.
Shares of Koppers Holdings (KOP) traded up 0.13% on Tuesday, hitting $38.90. The stock had a trading volume of 36,328 shares. Koppers Holdings has a 52 week low of $28.54 and a 52 week high of $45.85. The company has a 50-day moving average of $36.34 and a 200 day moving average of $39.65. The company has a market capitalization of $809.35 million, a price-to-earnings ratio of 23.91 and a beta of 0.97.
Koppers Holdings (NYSE:KOP) last issued its quarterly earnings data on Thursday, August 3rd. The specialty chemicals company reported $1.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.26. Koppers Holdings had a return on equity of 153.51% and a net margin of 3.02%. The company had revenue of $378 million for the quarter, compared to the consensus estimate of $369 million. During the same quarter last year, the business posted $0.93 earnings per share. The firm’s revenue was down 1.8% compared to the same quarter last year. On average, equities research analysts predict that Koppers Holdings will post $3.17 EPS for the current year.
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In other news, SVP Thomas D. Loadman sold 3,000 shares of Koppers Holdings stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $35.01, for a total value of $105,030.00. Following the transaction, the senior vice president now owns 35,927 shares in the company, valued at $1,257,804.27. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Thomas D. Loadman sold 10,000 shares of Koppers Holdings stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $38.92, for a total value of $389,200.00. Following the completion of the transaction, the senior vice president now owns 48,927 shares in the company, valued at approximately $1,904,238.84. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Koppers Holdings by 32,452.7% in the first quarter. BlackRock Inc. now owns 2,529,668 shares of the specialty chemicals company’s stock valued at $107,130,000 after buying an additional 2,521,897 shares in the last quarter. Vanguard Group Inc. increased its position in Koppers Holdings by 7.9% in the first quarter. Vanguard Group Inc. now owns 2,451,644 shares of the specialty chemicals company’s stock valued at $103,828,000 after buying an additional 179,784 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in Koppers Holdings by 25.0% in the second quarter. State of New Jersey Common Pension Fund D now owns 900,000 shares of the specialty chemicals company’s stock valued at $32,535,000 after buying an additional 180,000 shares in the last quarter. Prudential Financial Inc. increased its position in Koppers Holdings by 5.1% in the second quarter. Prudential Financial Inc. now owns 284,960 shares of the specialty chemicals company’s stock valued at $10,301,000 after buying an additional 13,796 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Koppers Holdings by 10.6% in the second quarter. Bank of New York Mellon Corp now owns 273,876 shares of the specialty chemicals company’s stock valued at $9,900,000 after buying an additional 26,262 shares in the last quarter. Hedge funds and other institutional investors own 90.18% of the company’s stock.
About Koppers Holdings
Koppers Holdings Inc is a global integrated provider of treated wood products, wood treatment chemicals and carbon compounds. The Company operates through three segments: Railroad and Utility Products and Services (RUPS), Carbon Materials and Chemicals (CMC) and Performance Chemicals (PC). The RUPS business sells treated and untreated wood products, rail joint bars and services primarily to the railroad markets.
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