Koppers (NYSE:KOP) Shares Cross Above Two Hundred Day Moving Average - What's Next?

Key Points

• Koppers Holdings Inc. (NYSE:KOP) stock price recently surpassed its 200-day moving average of $29.85, trading at $29.67 with a volume of 160,388 shares.
• Analysts have revised their price targets for Koppers, with B. Riley setting it at $50.00 and Barrington Research lowering it to $55.00, both maintaining positive ratings.
• The company reported a quarterly EPS of $1.48, missing expectations, with a year-over-year revenue decline of 10.4% to $504.80 million.

Shares of Koppers Holdings Inc. (NYSE:KOP - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $29.85 and traded as high as $29.90. Koppers shares last traded at $29.67, with a volume of 160,388 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have weighed in on KOP shares. B. Riley reiterated a "buy" rating and set a $50.00 target price (down previously from $55.00) on shares of Koppers in a research note on Monday, August 11th. Barrington Research lowered their target price on shares of Koppers from $64.00 to $55.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $52.50.

Koppers Trading Up 4.8%

The company has a market cap of $595.19 million, a price-to-earnings ratio of 41.92 and a beta of 1.40. The company has a debt-to-equity ratio of 1.83, a current ratio of 2.60 and a quick ratio of 1.11. The firm's fifty day moving average price is $32.14 and its 200-day moving average price is $29.86.

Koppers (NYSE:KOP - Get Free Report) last announced its quarterly earnings results on Friday, August 8th. The specialty chemicals company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.01). Koppers had a net margin of 0.76% and a return on equity of 17.43%. The firm had revenue of $504.80 million for the quarter, compared to analyst estimates of $540.30 million. During the same period last year, the firm posted $1.36 EPS. The business's revenue was down 10.4% compared to the same quarter last year. Koppers has set its FY 2025 guidance at 4.000-4.600 EPS. On average, equities analysts expect that Koppers Holdings Inc. will post 4.24 EPS for the current fiscal year.

Koppers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.32 annualized dividend and a yield of 1.1%. Koppers's dividend payout ratio is presently 44.44%.

Institutional Investors Weigh In On Koppers

Several institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Koppers by 3.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,602 shares of the specialty chemicals company's stock worth $325,000 after purchasing an additional 361 shares during the period. Teacher Retirement System of Texas lifted its holdings in Koppers by 4.3% in the second quarter. Teacher Retirement System of Texas now owns 11,673 shares of the specialty chemicals company's stock worth $375,000 after purchasing an additional 481 shares during the period. SummerHaven Investment Management LLC lifted its holdings in Koppers by 2.2% in the 1st quarter. SummerHaven Investment Management LLC now owns 22,451 shares of the specialty chemicals company's stock valued at $629,000 after acquiring an additional 483 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Koppers by 23.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,235 shares of the specialty chemicals company's stock valued at $104,000 after acquiring an additional 615 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in Koppers by 6.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 11,903 shares of the specialty chemicals company's stock valued at $382,000 after acquiring an additional 672 shares during the last quarter. Institutional investors and hedge funds own 92.75% of the company's stock.

About Koppers

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.