Koppers (NYSE:KOP) Upgraded at Singular Research

Koppers (NYSE:KOP) was upgraded by Singular Research to a “strong-buy” rating in a report released on Friday, Zacks.com reports.

Separately, Barrington Research reaffirmed an “outperform” rating and set a $64.00 price objective on shares of Koppers in a research report on Monday, August 12th.

Koppers Trading Down 2.4 %

KOP opened at $36.54 on Friday. The company has a quick ratio of 1.12, a current ratio of 2.53 and a debt-to-equity ratio of 1.92. The firm has a market cap of $774.65 million, a P/E ratio of 10.29 and a beta of 1.84. Koppers has a 52 week low of $33.80 and a 52 week high of $58.23. The business has a fifty day simple moving average of $37.71 and a 200-day simple moving average of $43.64.

Koppers (NYSE:KOP) last announced its earnings results on Thursday, August 8th. The specialty chemicals company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.09. The firm had revenue of $563.20 million for the quarter, compared to the consensus estimate of $589.17 million. Koppers had a net margin of 3.72% and a return on equity of 17.16%. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.26 EPS. On average, equities analysts expect that Koppers will post 4.24 earnings per share for the current year.

Insider Activity

In related news, VP Joseph P. Dowd sold 5,516 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $37.72, for a total value of $208,063.52. Following the transaction, the vice president now owns 10,300 shares in the company, valued at approximately $388,516. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.55% of the company’s stock.

Institutional Investors Weigh In On Koppers

Large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in Koppers by 7.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,180,134 shares of the specialty chemicals company’s stock worth $60,448,000 after buying an additional 82,741 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in Koppers in the 4th quarter valued at about $242,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Koppers during the 4th quarter worth approximately $772,000. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Koppers in the fourth quarter worth $26,000. Finally, Quadrature Capital Ltd raised its stake in Koppers by 1.7% in the 4th quarter. Quadrature Capital Ltd now owns 15,379 shares of the specialty chemicals company’s stock valued at $788,000 after purchasing an additional 251 shares during the last quarter. Hedge funds and other institutional investors own 92.75% of the company’s stock.

Koppers Company Profile

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 Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC) segments.