Barrington Research Research Analysts Lift Earnings Estimates for Koppers Holdings Inc. (NYSE:KOP)

Koppers Holdings Inc. (NYSE:KOP) – Research analysts at Barrington Research increased their FY2023 EPS estimates for shares of Koppers in a research note issued on Tuesday, November 7th. Barrington Research analyst G. Prestopino now expects that the specialty chemicals company will post earnings per share of $4.49 for the year, up from their previous forecast of $4.45. Barrington Research currently has a “Outperform” rating and a $45.00 target price on the stock. The consensus estimate for Koppers’ current full-year earnings is $4.45 per share. Barrington Research also issued estimates for Koppers’ Q1 2024 earnings at $1.23 EPS.

Several other analysts have also issued reports on the company. B. Riley reaffirmed a “buy” rating and issued a $50.00 target price on shares of Koppers in a research note on Friday, September 15th. StockNews.com assumed coverage on Koppers in a report on Thursday, October 5th. They set a “hold” rating for the company.

Koppers Stock Up 4.2 %

KOP stock opened at $41.43 on Friday. The firm has a market capitalization of $862.57 million, a PE ratio of 9.84 and a beta of 1.84. The company has a quick ratio of 1.05, a current ratio of 2.24 and a debt-to-equity ratio of 1.81. The stock has a 50-day simple moving average of $38.24 and a two-hundred day simple moving average of $35.82. Koppers has a twelve month low of $27.44 and a twelve month high of $41.91.

Koppers (NYSE:KOP) last issued its quarterly earnings data on Friday, November 3rd. The specialty chemicals company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.05. Koppers had a return on equity of 23.16% and a net margin of 4.24%. The business had revenue of $550.40 million for the quarter, compared to analysts’ expectations of $555.75 million. During the same period last year, the business earned $1.19 EPS. The business’s revenue was up 2.7% on a year-over-year basis.

Koppers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 24th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.24 annualized dividend and a dividend yield of 0.58%. Koppers’s payout ratio is presently 5.70%.

Insider Activity

In related news, CEO M Leroy Ball sold 2,000 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $38.59, for a total transaction of $77,180.00. Following the sale, the chief executive officer now directly owns 298,921 shares of the company’s stock, valued at $11,535,361.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Koppers news, CEO M Leroy Ball sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $38.59, for a total value of $77,180.00. Following the transaction, the chief executive officer now directly owns 298,921 shares of the company’s stock, valued at $11,535,361.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Leslie S. Hyde sold 2,351 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $40.00, for a total value of $94,040.00. Following the completion of the transaction, the senior vice president now directly owns 50,386 shares in the company, valued at $2,015,440. The disclosure for this sale can be found here. Insiders sold 14,803 shares of company stock worth $594,317 over the last three months. 7.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Raymond James & Associates raised its stake in Koppers by 23.2% during the 1st quarter. Raymond James & Associates now owns 11,169 shares of the specialty chemicals company’s stock valued at $307,000 after purchasing an additional 2,101 shares during the period. Bank of New York Mellon Corp raised its stake in Koppers by 1.7% during the 1st quarter. Bank of New York Mellon Corp now owns 229,374 shares of the specialty chemicals company’s stock valued at $6,313,000 after purchasing an additional 3,781 shares during the period. Citigroup Inc. raised its stake in Koppers by 11.1% during the 1st quarter. Citigroup Inc. now owns 18,887 shares of the specialty chemicals company’s stock valued at $520,000 after purchasing an additional 1,889 shares during the period. Bank of Montreal Can raised its stake in Koppers by 6.0% during the 1st quarter. Bank of Montreal Can now owns 7,518 shares of the specialty chemicals company’s stock valued at $212,000 after purchasing an additional 425 shares during the period. Finally, MetLife Investment Management LLC raised its stake in Koppers by 45.6% during the 1st quarter. MetLife Investment Management LLC now owns 12,105 shares of the specialty chemicals company’s stock valued at $333,000 after purchasing an additional 3,789 shares during the period. 88.81% 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 three segments: Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC).The RUPS segment procures and treats crossties, switch ties, and various types of lumber used for railroad bridges and crossings.