Koppers Holdings Inc. (NYSE:KOP - Get Rating) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totalling 203,600 shares, a decrease of 41.7% from the April 30th total of 349,000 shares. Based on an average trading volume of 90,100 shares, the days-to-cover ratio is presently 2.3 days. Currently, 1.0% of the shares of the stock are short sold.
Analyst Ratings Changes
KOP has been the topic of a number of analyst reports. Barrington Research increased their price objective on Koppers to $40.00 in a research note on Tuesday, February 28th. TheStreet upgraded Koppers from a "c" rating to a "b-" rating in a report on Wednesday, May 3rd. Finally, StockNews.com initiated coverage on Koppers in a research report on Thursday, May 18th. They issued a "hold" rating for the company.
Hedge Funds Weigh In On Koppers
A number of hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC boosted its position in Koppers by 50.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,176 shares of the specialty chemicals company's stock valued at $25,000 after buying an additional 394 shares during the last quarter. Captrust Financial Advisors raised its stake in shares of Koppers by 122.1% in the 1st quarter. Captrust Financial Advisors now owns 1,006 shares of the specialty chemicals company's stock valued at $28,000 after purchasing an additional 553 shares during the period. Quadrant Capital Group LLC grew its holdings in shares of Koppers by 48.7% in the 4th quarter. Quadrant Capital Group LLC now owns 1,692 shares of the specialty chemicals company's stock valued at $48,000 after acquiring an additional 554 shares in the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of Koppers by 17.1% in the 3rd quarter. Mutual of America Capital Management LLC now owns 4,158 shares of the specialty chemicals company's stock valued at $86,000 after acquiring an additional 607 shares in the last quarter. Finally, Envestnet Asset Management Inc. bought a new position in Koppers during the first quarter worth about $88,000. 88.68% of the stock is owned by institutional investors and hedge funds.
Koppers Stock Down 2.2 %
KOP opened at $30.14 on Friday. The stock's fifty day moving average is $32.80 and its 200-day moving average is $32.00. The company has a market capitalization of $627.82 million, a PE ratio of 9.13 and a beta of 1.82. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.05 and a current ratio of 2.25. Koppers has a one year low of $20.11 and a one year high of $38.42.
Koppers (NYSE:KOP - Get Rating) last issued its earnings results on Friday, May 5th. The specialty chemicals company reported $1.12 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.36. The firm had revenue of $513.40 million for the quarter, compared to the consensus estimate of $473.50 million. Koppers had a return on equity of 23.30% and a net margin of 3.45%. The business's quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 earnings per share. On average, equities analysts predict that Koppers will post 4.4 EPS for the current fiscal year.
Koppers Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, June 12th. Shareholders of record on Friday, May 26th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, May 25th. This represents a $0.24 annualized dividend and a yield of 0.80%. Koppers's dividend payout ratio (DPR) is 7.27%.
Koppers Company Profile
Koppers Holdings, Inc engages in the provision of treated wood products, wood treatment chemicals and carbon compounds. It operates through the following segments: Carbon Materials and Chemicals, Railroad and Utility Products and Services, and Performance Chemicals. The Carbon Materials and Chemicals segment manufactures carbon pitch naphthalene, creosote, and carbon black feedstock.
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