Koppers Holdings Inc. (NYSE:KOP – Get Rating)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $31.76, but opened at $30.16. Koppers shares last traded at $30.16, with a volume of 100 shares trading hands.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on KOP. StockNews.com raised shares of Koppers from a "hold" rating to a "buy" rating in a report on Wednesday, December 7th. Barrington Research reissued an "outperform" rating on shares of Koppers in a report on Wednesday, October 5th. Finally, B. Riley restated a "buy" rating on shares of Koppers in a research note on Monday, November 7th.
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Koppers Price Performance
The company has a debt-to-equity ratio of 2.20, a current ratio of 2.07 and a quick ratio of 1.03. The company's 50 day moving average is $27.16 and its 200 day moving average is $24.72. The stock has a market cap of $628.40 million, a price-to-earnings ratio of 9.00 and a beta of 1.78.
Koppers (NYSE:KOP – Get Rating) last announced its quarterly earnings results on Friday, November 4th. The specialty chemicals company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.17 by $0.02. The business had revenue of $536.10 million for the quarter, compared to analyst estimates of $555.00 million. Koppers had a return on equity of 20.74% and a net
margin of 3.77%. Research analysts forecast that Koppers Holdings Inc. will post 3.97 earnings per share for the current fiscal year.
Koppers Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, December 12th. Shareholders of record on Friday, November 25th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, November 23rd. This represents a $0.20 annualized dividend and a yield of 0.67%. Koppers's dividend payout ratio (DPR) is currently 5.99%.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of KOP. Captrust Financial Advisors boosted its stake in shares of Koppers by 122.1% during the 1st quarter. Captrust Financial Advisors now owns 1,006 shares of the specialty chemicals company's stock worth $28,000 after purchasing an additional 553 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Koppers by 50.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,176 shares of the specialty chemicals company's stock worth $25,000 after acquiring an additional 394 shares during the period. KBC Group NV acquired a new position in Koppers in the 2nd quarter valued at $37,000. Mutual of America Capital Management LLC lifted its stake in shares of Koppers by 15.7% during the 2nd quarter. Mutual of America Capital Management LLC now owns 3,551 shares of the specialty chemicals company's stock worth $80,000 after purchasing an additional 481 shares during the period. Finally, Bank of Montreal Can boosted its holdings in shares of Koppers by 6.0% during the first quarter. Bank of Montreal Can now owns 7,518 shares of the specialty chemicals company's stock worth $212,000 after purchasing an additional 425 shares during the last quarter. 88.59% of the stock is owned by hedge funds and other institutional investors.
About Koppers
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Koppers Holdings Inc provides treated wood products, wood preservation chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally. The company operates through three segments: Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC).
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