Koppers Holdings Inc. (KOP) Shares Down 5.2%
Shares of Koppers Holdings Inc. (NYSE:KOP) were down 5.2% during trading on Monday . The stock traded as low as $30.33 and last traded at $30.83, with a volume of 77,376 shares trading hands. The stock had previously closed at $32.53.
Several analysts recently commented on KOP shares. Zacks Investment Research upgraded shares of Koppers Holdings from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 3rd. Monness Crespi & Hardt raised their price objective on shares of Koppers Holdings from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, May 9th. Barrington Research started coverage on shares of Koppers Holdings in a research note on Wednesday, June 8th. They issued an “outperform” rating and a $39.00 price objective for the company. Wunderlich raised their price objective on shares of Koppers Holdings from $32.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, June 30th. Finally, Jefferies Group reiterated a “buy” rating on shares of Koppers Holdings in a research note on Wednesday, July 6th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $34.60.
The firm’s market capitalization is $627.73 million. The firm’s 50-day moving average is $29.36 and its 200-day moving average is $22.54.
Koppers Holdings (NYSE:KOP) last issued its quarterly earnings data on Friday, May 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.19. The business had revenue of $346.80 million for the quarter, compared to analysts’ expectations of $364.50 million. The business’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.03 earnings per share. Analysts anticipate that Koppers Holdings Inc. will post $1.96 earnings per share for the current fiscal year.
In other news, Director Albert J. Neupaver bought 3,000 shares of the stock in a transaction on Thursday, May 19th. The stock was bought at an average cost of $23.80 per share, for a total transaction of $71,400.00. Following the completion of the purchase, the director now directly owns 35,444 shares in the company, valued at $843,567.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Louis L. Testoni bought 4,100 shares of the stock in a transaction on Monday, May 23rd. The stock was purchased at an average price of $24.68 per share, with a total value of $101,188.00. Following the completion of the purchase, the director now owns 15,466 shares of the company’s stock, valued at $381,700.88. The disclosure for this purchase can be found here.
A number of large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in shares of Koppers Holdings by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 656,675 shares of the company’s stock valued at $11,984,000 after buying an additional 3,668 shares during the period. Systematic Financial Management LP bought a new stake in Koppers Holdings during the fourth quarter valued at approximately $1,628,000. Comerica Bank increased its stake in Koppers Holdings by 60.3% in the fourth quarter. Comerica Bank now owns 60,678 shares of the company’s stock valued at $1,001,000 after buying an additional 22,828 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in Koppers Holdings by 3.1% in the fourth quarter. California Public Employees Retirement System now owns 114,000 shares of the company’s stock valued at $2,081,000 after buying an additional 3,400 shares during the last quarter.
Koppers Holdings Inc is an integrated global provider of treated wood products, wood treatment chemicals and carbon compounds. The Company operates through three business segments: Railroad and Utility Products and Services (RUPS), Carbon Materials and Chemicals (CMC) and Performance Chemicals (PC). The Railroad and Utility Products and Services segment sells treated and untreated wood products, rail joint bars and services primarily to the railroad industry and treated wood products to the utility industry.
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