Koppers (NYSE:KOP) Sets New 12-Month High – Here’s Why

Koppers Holdings Inc. (NYSE:KOP)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $46.84 and last traded at $46.6310, with a volume of 17696 shares trading hands. The stock had previously closed at $44.56.

Analyst Ratings Changes

A number of research analysts have issued reports on KOP shares. Barrington Research reiterated an “outperform” rating and issued a $55.00 target price on shares of Koppers in a research report on Monday, May 4th. Weiss Ratings raised shares of Koppers from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Singular Research upgraded shares of Koppers to a “strong-buy” rating in a research note on Friday, May 15th. Finally, Wall Street Zen raised shares of Koppers from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.50.

Koppers Stock Up 7.0%

The firm has a market capitalization of $916.75 million, a price-to-earnings ratio of 12.68, a P/E/G ratio of 10.86 and a beta of 1.26. The company has a debt-to-equity ratio of 1.67, a current ratio of 2.71 and a quick ratio of 1.11. The stock has a fifty day moving average of $41.97 and a two-hundred day moving average of $36.19.

Koppers (NYSE:KOP) last announced its earnings results on Friday, May 8th. The specialty chemicals company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.44 by $0.13. Koppers had a return on equity of 14.53% and a net margin of 4.10%.The firm had revenue of $455.30 million for the quarter, compared to the consensus estimate of $390.10 million. During the same period in the previous year, the business earned $0.71 EPS. The business’s quarterly revenue was down .3% compared to the same quarter last year. Koppers has set its FY 2026 guidance at 3.800-4.600 EPS. Sell-side analysts anticipate that Koppers Holdings Inc. will post 4.13 earnings per share for the current year.

Koppers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, May 29th. Koppers’s payout ratio is currently 9.47%.

Insider Buying and Selling

In related news, CEO M Leroy Ball sold 3,412 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $43.90, for a total value of $149,786.80. Following the sale, the chief executive officer directly owned 436,243 shares in the company, valued at $19,151,067.70. This represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 7.28% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of KOP. Tower Research Capital LLC TRC boosted its stake in shares of Koppers by 258.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,930 shares of the specialty chemicals company’s stock valued at $62,000 after purchasing an additional 1,391 shares during the last quarter. Quantbot Technologies LP raised its stake in Koppers by 95.6% during the second quarter. Quantbot Technologies LP now owns 2,130 shares of the specialty chemicals company’s stock worth $68,000 after buying an additional 1,041 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Koppers by 23.5% during the second quarter. BNP Paribas Financial Markets now owns 3,235 shares of the specialty chemicals company’s stock worth $104,000 after buying an additional 615 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in Koppers in the fourth quarter valued at $114,000. Finally, Quadrant Capital Group LLC acquired a new position in Koppers in the third quarter valued at $160,000. Institutional investors and hedge funds own 92.75% of the company’s stock.

Koppers Company Profile

Koppers Company, Inc is a global specialty chemicals and materials manufacturer serving diverse industrial markets. The company operates through two primary segments: Carbon Materials & Chemicals, which produces a range of coal tar–based products, phenolic specialties and carbon compounds; and Railroad Products & Services, which offers wood treating and infrastructure services for rail and utility customers.

In its Carbon Materials & Chemicals segment, Koppers supplies coal tar pitch, refined creosote, coal tar?based distillates and phenolic resins used in aluminum smelting, graphite electrode manufacture, carbon fiber production, and water treatment applications.