Koppers (NYSE:KOP) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• Koppers shares moved above their 200-day moving average, reaching $47.45 versus the $43.87 average, before trading at approximately $46.06.
• Analysts maintain a “Moderate Buy” consensus with a $55 target price, while recent ratings were mixed. Koppers also exceeded quarterly earnings and revenue expectations, reporting $1.37 EPS and $520.1 million in revenue.
• Insiders sold roughly 97,808 shares worth $4.86 million over the past 90 days, while institutional investors and hedge funds own a substantial 92.75% of the company.

Koppers Holdings Inc. (NYSE:KOP - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $43.87 and traded as high as $47.45. Koppers shares last traded at $46.0590, with a volume of 141,370 shares trading hands.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KOP. Wall Street Zen lowered shares of Koppers from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 15th. Weiss Ratings downgraded shares of Koppers from a "hold (c+)" rating to a "sell (d+)" rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $55.00.

Koppers Trading Down 2.1%

The company has a market cap of $870.98 million, a price-to-earnings ratio of -9.76 and a beta of 1.23. The business has a fifty day simple moving average of $46.96 and a 200 day simple moving average of $43.87. The company has a quick ratio of 1.01, a current ratio of 2.33 and a debt-to-equity ratio of 2.31.

Koppers (NYSE:KOP - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The specialty chemicals company reported $1.37 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.25. The business had revenue of $520.10 million for the quarter, compared to analysts' expectations of $506.10 million. Koppers had a negative net margin of 4.59% and a positive return on equity of 14.98%. The business's revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.48 EPS. Koppers has set its FY 2026 guidance at 3.800-4.200 EPS. On average, equities analysts anticipate that Koppers Holdings Inc. will post 4.08 EPS for the current fiscal year.

Koppers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Friday, August 28th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, August 28th. Koppers's dividend payout ratio is presently -7.63%.

Insider Activity at Koppers

In other news, insider James Sullivan sold 80,000 shares of Koppers stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $50.01, for a total transaction of $4,000,800.00. Following the completion of the sale, the insider directly owned 90,398 shares in the company, valued at approximately $4,520,803.98. This trade represents a 46.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Leroy Ball sold 4,000 shares of Koppers stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $45.96, for a total transaction of $183,840.00. Following the sale, the chief executive officer owned 429,555 shares of the company's stock, valued at approximately $19,742,347.80. The trade was a 0.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 97,808 shares of company stock valued at $4,857,451. 7.28% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Koppers

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp purchased a new position in shares of Koppers in the second quarter valued at $9,993,000. JB Capital Partners LP purchased a new stake in shares of Koppers in the 4th quarter worth about $1,896,000. Mangrove Partners IM LLC purchased a new stake in shares of Koppers in the 4th quarter worth about $616,000. Sei Investments Co. boosted its position in shares of Koppers by 87.5% in the 1st quarter. Sei Investments Co. now owns 69,979 shares of the specialty chemicals company's stock worth $2,707,000 after buying an additional 32,658 shares in the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in Koppers in the 2nd quarter valued at about $504,000. 92.75% of the stock is owned by institutional investors and hedge funds.

Koppers Company Profile

Koppers Holdings Inc is a global provider of treated wood products, carbon compounds and specialty chemicals used in infrastructure, transportation and industrial applications. The company's products include railroad and utility poles, treated lumber, wood preservatives, carbon pitch and other chemicals used in aluminum production, construction, steelmaking and related industries.

Koppers serves railroads, utilities, aluminum producers, infrastructure contractors and industrial manufacturers.

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