Kraton Performance Polymers Inc. (NYSE:KRA) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $30.45 and last traded at $30.36, with a volume of 218,559 shares. The stock had previously closed at $29.36.

KRA has been the topic of several analyst reports. Zacks Investment Research upgraded Kraton Performance Polymers from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Wednesday, April 27th. TheStreet upgraded Kraton Performance Polymers from a “sell” rating to a “buy” rating in a report on Wednesday, April 27th.

The firm has a market cap of $941.51 million and a P/E ratio of 10.90. The stock’s 50-day moving average price is $27.48 and its 200 day moving average price is $20.53.

Kraton Performance Polymers (NYSE:KRA) last issued its quarterly earnings data on Wednesday, April 27th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.25. The business had revenue of $419.90 million for the quarter, compared to analysts’ expectations of $462.13 million. The business’s quarterly revenue was up 60.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 earnings per share. Analysts forecast that Kraton Performance Polymers Inc. will post $2.82 earnings per share for the current year.

A number of institutional investors have modified their holdings of KRA. Sei Investments Co. raised its position in shares of Kraton Performance Polymers by 1,288,262.5% in the fourth quarter. Sei Investments Co. now owns 103,069 shares of the company’s stock valued at $1,712,000 after buying an additional 103,061 shares during the last quarter. Nationwide Fund Advisors increased its stake in shares of Kraton Performance Polymers by 155.0% in the fourth quarter. Nationwide Fund Advisors now owns 152,024 shares of the company’s stock valued at $2,525,000 after buying an additional 92,412 shares during the period. Lapides Asset Management LLC increased its stake in shares of Kraton Performance Polymers by 31.3% in the fourth quarter. Lapides Asset Management LLC now owns 352,800 shares of the company’s stock valued at $5,860,000 after buying an additional 84,100 shares during the period. Cornerstone Capital Management Holdings LLC. increased its stake in shares of Kraton Performance Polymers by 76.1% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 130,822 shares of the company’s stock valued at $2,173,000 after buying an additional 56,522 shares during the period. Finally, Royce & Associates LLC increased its stake in shares of Kraton Performance Polymers by 4.4% in the fourth quarter. Royce & Associates LLC now owns 1,249,880 shares of the company’s stock valued at $20,761,000 after buying an additional 52,480 shares during the period.

Kraton Performance Polymers, Inc is a producer of styrenic block copolymers (SBCs) and other engineered polymers. The Company’s products are found in many everyday applications, including personal care products such as disposable diapers and the rubberized grips of toothbrushes, razor blades, and power tools.

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