Kraton Performance Polymers Inc. (KRA) Trading 4% Higher
Kraton Performance Polymers Inc. (NYSE:KRA) shares traded up 4% 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 research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Kraton Performance Polymers from a “hold” rating to a “sell” rating in a research note on Wednesday, July 13th. TheStreet upgraded shares of Kraton Performance Polymers from a “sell” rating to a “buy” rating in a research report on Wednesday, April 27th.
The stock has a market cap of $982.51 million and a PE ratio of 9.874. The company’s 50 day moving average is $29.52 and its 200 day moving average is $23.11.
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 the consensus estimate of $0.70 by $0.07. During the same period in the previous year, the business posted $0.02 EPS. The company had revenue of $454.65 million for the quarter, compared to analysts’ expectations of $445.07 million. The firm’s quarterly revenue was up 77.7% compared to the same quarter last year. Analysts anticipate that Kraton Performance Polymers Inc. will post $2.75 earnings per share for the current fiscal year.
In other Kraton Performance Polymers news, Director Steven J. Demetriou sold 1,850 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $30.57, for a total transaction of $56,554.50. Following the transaction, the director now owns 30,398 shares in the company, valued at approximately $929,266.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Melinda Scissors Conley sold 16,002 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $33.20, for a total transaction of $531,266.40. Following the transaction, the vice president now owns 38,264 shares in the company, valued at approximately $1,270,364.80. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Kraton Performance Polymers stock. Cornerstone Capital Management Holdings LLC. increased its position in shares of Kraton Performance Polymers Inc. (NYSE:KRA) by 76.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 130,822 shares of the company’s stock after buying an additional 56,522 shares during the period. Cornerstone Capital Management Holdings LLC. owned approximately 0.43% of Kraton Performance Polymers worth $2,173,000 as of its most recent filing with the SEC.
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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