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
(
Get Rating)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Koppers, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Koppers wasn't on the list.
While Koppers currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
