Kraton Performance Polymers Inc. (KRA) Trading 4% Higher
Shares of Kraton Performance Polymers Inc. (NYSE:KRA) traded up 4% during mid-day trading on Tuesday . The stock traded as high as $32.26 and last traded at $31.73, with a volume of 1,723,207 shares traded. The stock had previously closed at $30.51.
Several brokerages recently weighed in on KRA. Zacks Investment Research cut shares of Kraton Performance Polymers from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. TheStreet raised shares of Kraton Performance Polymers from a “sell” rating to a “buy” rating in a report on Wednesday, April 27th.
The stock has a market cap of $991.62 million and a PE ratio of 9.97. The firm’s 50 day moving average is $29.37 and its 200 day moving average is $23.04.
Kraton Performance Polymers (NYSE:KRA) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by $0.07. The company earned $454.65 million during the quarter, compared to analysts’ expectations of $445.07 million. The company’s quarterly revenue was up 77.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.02 EPS. Equities analysts forecast that Kraton Performance Polymers Inc. will post $2.75 EPS for the current year.
In related news, VP Melinda Scissors Conley sold 16,002 shares of Kraton Performance Polymers stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $33.20, for a total transaction of $531,266.40. Following the completion of the sale, the vice president now owns 38,264 shares in the company, valued at approximately $1,270,364.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
A hedge fund recently raised its stake in Kraton Performance Polymers stock. Weber Alan W raised its stake in shares of Kraton Performance Polymers Inc. (NYSE:KRA) by 163.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 477,400 shares of the company’s stock after buying an additional 296,370 shares during the period. Kraton Performance Polymers comprises 6.4% of Weber Alan W’s investment portfolio, making the stock its 4th largest position. Weber Alan W owned approximately 1.56% of Kraton Performance Polymers worth $7,930,000 as of its most recent SEC filing.
Kraton Performance Polymers, Inc is a specialty chemicals company. The Company manufactures styrenic block copolymers (SBCs) and other engineered polymers. The Company also produces specialty products primarily derived from pine wood pulping co-products. It operates through the manufacturing and marketing of engineered polymers segment.
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