Koppers Holdings Inc. (NYSE:KOP – Get Rating) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $24.99 and traded as high as $28.88. Koppers shares last traded at $28.58, with a volume of 60,616 shares traded.
Analyst Ratings Changes
KOP has been the topic of several recent analyst reports. Barrington Research restated an "outperform" rating on shares of Koppers in a research report on Wednesday, October 5th. StockNews.com upgraded Koppers from a "hold" rating to a "buy" rating in a research report on Wednesday, December 7th. Finally, B. Riley reiterated a "buy" rating on shares of Koppers in a research report on Monday, November 7th.
Get Koppers alerts:Koppers Trading Down 1.2 %
The stock has a market cap of $597.26 million, a P/E ratio of 8.56 and a beta of 1.75. The stock's 50-day moving average is $28.83 and its two-hundred day moving average is $24.99. The company has a debt-to-equity ratio of 2.20, a current ratio of 2.07 and a quick ratio of 1.03.
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 analysts' expectations of $555.00 million. Koppers had a net margin of 3.77% and a return on equity of 20.74%. Equities research analysts anticipate that Koppers Holdings Inc. will post 3.97 EPS for the current year.Koppers Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 12th. Shareholders of record on Friday, November 25th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Wednesday, November 23rd. Koppers's payout ratio is 5.99%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its stake in Koppers by 0.6% during the first quarter. BlackRock Inc. now owns 3,474,003 shares of the specialty chemicals company's stock valued at $95,605,000 after purchasing an additional 19,214 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Koppers by 9.4% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,126,729 shares of the specialty chemicals company's stock valued at $58,528,000 after acquiring an additional 181,916 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Koppers by 9.2% in the third quarter. Dimensional Fund Advisors LP now owns 863,779 shares of the specialty chemicals company's stock worth $17,949,000 after acquiring an additional 72,564 shares in the last quarter. State Street Corp increased its stake in Koppers by 2.4% during the second quarter. State Street Corp now owns 750,500 shares of the specialty chemicals company's stock worth $16,991,000 after acquiring an additional 17,421 shares during the last quarter. Finally, Pzena Investment Management LLC bought a new stake in Koppers during the third quarter worth approximately $9,012,000. 88.68% of the stock is currently owned by 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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