Koppers (NYSE:KOP) Stock Price Passes Above 200 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.

Koppers Holdings Inc. (NYSE:KOP - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-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 changing hands.

Analyst Ratings Changes

Several equities analysts have recently weighed in on KOP shares. B. Riley restated a "buy" rating and set a $50.00 price target (down from $55.00) on shares of Koppers in a report on Monday, August 11th. Barrington Research reduced their price target on Koppers from $64.00 to $55.00 and set an "outperform" rating for the company in a report on Friday, August 8th.

Koppers Price Performance

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 company has a market capitalization of $585.05 million, a PE ratio of 41.21 and a beta of 1.40. The firm has a 50-day moving average of $32.40 and a 200 day moving average of $29.85.

Koppers (NYSE:KOP - Get Free Report) last released its quarterly earnings data on Friday, August 8th. The specialty chemicals company reported $1.48 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 business had revenue of $504.80 million for the quarter, compared to analysts' expectations of $540.30 million. During the same period last year, the business earned $1.36 earnings per share. The company's quarterly revenue was down 10.4% on a year-over-year basis. As a group, research analysts anticipate that Koppers Holdings Inc. will post 4.24 earnings per share for the current fiscal year.

Koppers Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position 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 last quarter. Teacher Retirement System of Texas boosted its position 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 last quarter. SummerHaven Investment Management LLC boosted its position in Koppers by 2.2% in the first quarter. SummerHaven Investment Management LLC now owns 22,451 shares of the specialty chemicals company's stock worth $629,000 after purchasing an additional 483 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Koppers by 23.5% in the second quarter. BNP Paribas Financial Markets now owns 3,235 shares of the specialty chemicals company's stock worth $104,000 after purchasing an additional 615 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position in Koppers by 6.0% in the second quarter. State of Alaska Department of Revenue now owns 11,903 shares of the specialty chemicals company's stock worth $382,000 after purchasing an additional 672 shares during the last quarter. 92.75% of the stock is owned by hedge funds and other institutional investors.

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.

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