Koppers (NYSE:KOP) Hits New 12-Month Low – What’s Next?

Koppers Holdings Inc. (NYSE:KOP)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $28.65 and last traded at $28.97, with a volume of 7909 shares. The stock had previously closed at $29.76.

Analysts Set New Price Targets

A number of brokerages have commented on KOP. Barrington Research reiterated an “outperform” rating and issued a $64.00 price target on shares of Koppers in a research note on Tuesday, November 12th. StockNews.com upgraded Koppers from a “sell” rating to a “hold” rating in a research note on Monday, November 11th.

Koppers Trading Up 3.0 %

The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.13 and a current ratio of 2.54. The stock has a market capitalization of $598.63 million, a price-to-earnings ratio of 8.39 and a beta of 1.83. The business has a fifty day simple moving average of $32.64 and a 200 day simple moving average of $35.53.

Koppers (NYSE:KOP) last released its quarterly earnings results on Friday, November 8th. The specialty chemicals company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.25 by $0.12. The business had revenue of $554.30 million for the quarter, compared to the consensus estimate of $571.80 million. Koppers had a net margin of 3.55% and a return on equity of 16.71%. Koppers’s revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.32 earnings per share. As a group, research analysts expect that Koppers Holdings Inc. will post 4.24 EPS for the current year.

Koppers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Friday, November 29th. Koppers’s dividend payout ratio is currently 7.95%.

Insider Buying and Selling at Koppers

In other Koppers news, Director Stephen R. Tritch sold 3,533 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $37.08, for a total value of $131,003.64. Following the sale, the director now owns 47,737 shares of the company’s stock, valued at approximately $1,770,087.96. This trade represents a 6.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO M Leroy Ball sold 5,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $37.92, for a total value of $189,600.00. Following the transaction, the chief executive officer now directly owns 315,129 shares of the company’s stock, valued at $11,949,691.68. This trade represents a 1.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,533 shares of company stock valued at $544,164 in the last three months. Corporate insiders own 6.55% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Pzena Investment Management LLC grew its holdings in shares of Koppers by 91.8% during the third quarter. Pzena Investment Management LLC now owns 770,169 shares of the specialty chemicals company’s stock worth $28,134,000 after purchasing an additional 368,709 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Koppers by 20.7% during the 3rd quarter. Principal Financial Group Inc. now owns 568,787 shares of the specialty chemicals company’s stock worth $20,778,000 after acquiring an additional 97,586 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Koppers by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 424,871 shares of the specialty chemicals company’s stock worth $15,521,000 after acquiring an additional 20,586 shares during the last quarter. Bank of New York Mellon Corp increased its position in Koppers by 0.8% in the 4th quarter. Bank of New York Mellon Corp now owns 201,557 shares of the specialty chemicals company’s stock valued at $6,530,000 after acquiring an additional 1,596 shares during the period. Finally, Millennium Management LLC raised its stake in shares of Koppers by 586.8% during the second quarter. Millennium Management LLC now owns 196,704 shares of the specialty chemicals company’s stock valued at $7,276,000 after acquiring an additional 168,063 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.