Koppers Holdings Inc. (NYSE:KOP) was downgraded by stock analysts at Wunderlich from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, The Fly reports.
KOP has been the subject of several other research reports. Jefferies Group reaffirmed a “buy” rating and issued a $40.00 price target on shares of Koppers Holdings in a report on Monday, November 7th. Zacks Investment Research raised Koppers Holdings from a “hold” rating to a “strong-buy” rating and set a $38.00 target price for the company in a research note on Saturday, August 6th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $37.80.
Koppers Holdings (NYSE:KOP) opened at 39.45 on Tuesday. Koppers Holdings has a 12-month low of $13.58 and a 12-month high of $40.95. The stock’s market cap is $815.12 million. The company’s 50-day moving average price is $34.60 and its 200-day moving average price is $31.34.
Koppers Holdings (NYSE:KOP) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.34. The company had revenue of $371.10 million for the quarter, compared to the consensus estimate of $373.40 million. Koppers Holdings had a positive return on equity of 1,225.00% and a negative net margin of 4.42%. Koppers Holdings’s revenue for the quarter was down 14.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.66 earnings per share. On average, equities analysts expect that Koppers Holdings will post $2.45 EPS for the current fiscal year.
In other news, VP Steven R. Lacy sold 4,000 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $38.91, for a total transaction of $155,640.00. Following the completion of the transaction, the vice president now directly owns 47,118 shares in the company, valued at $1,833,361.38. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Leslie S. Hyde sold 2,850 shares of the firm’s stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $32.48, for a total value of $92,568.00. Following the transaction, the vice president now owns 25,432 shares of the company’s stock, valued at $826,031.36. The disclosure for this sale can be found here. Insiders own 4.69% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in KOP. Fuller & Thaler Asset Management Inc. raised its position in Koppers Holdings by 20.1% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,577,301 shares of the company’s stock valued at $48,470,000 after buying an additional 264,297 shares in the last quarter. Allianz Asset Management AG purchased a new position in Koppers Holdings during the second quarter valued at approximately $4,502,000. BlackRock Fund Advisors raised its position in Koppers Holdings by 8.4% in the third quarter. BlackRock Fund Advisors now owns 1,496,457 shares of the company’s stock valued at $48,156,000 after buying an additional 116,408 shares in the last quarter. JPMorgan Chase & Co. raised its position in Koppers Holdings by 119.1% in the second quarter. JPMorgan Chase & Co. now owns 173,248 shares of the company’s stock valued at $5,323,000 after buying an additional 94,158 shares in the last quarter. Finally, Royal Bank of Canada raised its position in Koppers Holdings by 7.8% in the first quarter. Royal Bank of Canada now owns 1,160,716 shares of the company’s stock valued at $26,081,000 after buying an additional 83,702 shares in the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.
About Koppers Holdings
Koppers Holdings Inc is an integrated global provider of treated wood products, wood treatment chemicals and carbon compounds. The Company operates through three business segments: Railroad and Utility Products and Services (RUPS), Carbon Materials and Chemicals (CMC) and Performance Chemicals (PC). The Railroad and Utility Products and Services segment sells treated and untreated wood products, rail joint bars and services primarily to the railroad industry and treated wood products to the utility industry.