Koppers (NYSE:KOP) Shares Pass Above 200 Day Moving Average - What's Next?

Koppers Holdings Inc. (NYSE:KOP - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $29.84 and traded as high as $34.70. Koppers shares last traded at $34.11, with a volume of 94,690 shares traded.

Analysts Set New Price Targets

Separately, Barrington Research reiterated an "outperform" rating and set a $64.00 target price on shares of Koppers in a report on Tuesday, May 13th.

Koppers Stock Down 3.4%

The company has a quick ratio of 1.10, a current ratio of 2.64 and a debt-to-equity ratio of 1.96. The firm has a 50 day simple moving average of $32.52 and a 200-day simple moving average of $29.91. The stock has a market cap of $635.14 million, a P/E ratio of 27.35 and a beta of 1.49.

Koppers (NYSE:KOP - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The specialty chemicals company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.15. The firm had revenue of $456.50 million for the quarter, compared to analyst estimates of $488.00 million. Koppers had a return on equity of 17.41% and a net margin of 1.24%. The business's revenue for the quarter was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.62 earnings per share. On average, equities research analysts forecast that Koppers Holdings Inc. will post 4.24 earnings per share for the current fiscal year.

Koppers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Friday, May 30th were paid a $0.08 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.32 annualized dividend and a yield of 1.0%. Koppers's dividend payout ratio is currently 27.59%.

Institutional Trading of Koppers

Institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its stake in Koppers by 54.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 11,966 shares of the specialty chemicals company's stock valued at $335,000 after buying an additional 4,197 shares during the period. GAMMA Investing LLC increased its stake in shares of Koppers by 112.9% during the first quarter. GAMMA Investing LLC now owns 1,835 shares of the specialty chemicals company's stock worth $51,000 after purchasing an additional 973 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Koppers by 21.9% during the fourth quarter. BNP Paribas Financial Markets now owns 12,678 shares of the specialty chemicals company's stock worth $411,000 after purchasing an additional 2,281 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Koppers by 51.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,462 shares of the specialty chemicals company's stock worth $2,056,000 after purchasing an additional 21,565 shares during the period. Finally, Two Sigma Investments LP increased its stake in shares of Koppers by 63.6% during the fourth quarter. Two Sigma Investments LP now owns 68,209 shares of the specialty chemicals company's stock worth $2,210,000 after purchasing an additional 26,529 shares during the period. 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.