Koppers (NYSE:KOP) Shares Cross Above 200 Day Moving Average – Here’s Why

Koppers Holdings Inc. (NYSE:KOP) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $29.56 and traded as high as $38.17. Koppers shares last traded at $37.2610, with a volume of 291,887 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Barrington Research reaffirmed an “outperform” rating and set a $55.00 target price on shares of Koppers in a report on Friday, February 27th. Zacks Research raised Koppers from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Wall Street Zen raised shares of Koppers from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Finally, Weiss Ratings upgraded Koppers from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, January 29th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Koppers has an average rating of “Moderate Buy” and an average target price of $52.50.

Koppers Stock Performance

The stock has a fifty day moving average of $32.09 and a 200-day moving average of $29.56. The firm has a market capitalization of $731.81 million, a P/E ratio of 13.45 and a beta of 1.35. The company has a quick ratio of 1.13, a current ratio of 2.94 and a debt-to-equity ratio of 1.59.

Koppers (NYSE:KOP) last released its quarterly earnings results on Thursday, February 26th. The specialty chemicals company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.11. The firm had revenue of $432.70 million during the quarter, compared to the consensus estimate of $445.00 million. Koppers had a return on equity of 15.47% and a net margin of 2.98%.The business’s revenue was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.77 EPS. Koppers has set its FY 2026 guidance at 4.200-5.000 EPS. On average, research analysts anticipate that Koppers Holdings Inc. will post 4.24 EPS for the current year.

Koppers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 6th will be issued a dividend of $0.09 per share. The ex-dividend date is Friday, March 6th. This is a positive change from Koppers’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 1.0%. Koppers’s dividend payout ratio is currently 13.00%.

Institutional Investors Weigh In On Koppers

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Financial Consulate Inc. acquired a new position in shares of Koppers during the 3rd quarter worth about $42,000. Byrne Asset Management LLC bought a new position in shares of Koppers in the 3rd quarter valued at about $42,000. Tower Research Capital LLC TRC increased its position in shares of Koppers by 258.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,930 shares of the specialty chemicals company’s stock valued at $62,000 after acquiring an additional 1,391 shares during the last quarter. Quantbot Technologies LP raised its holdings in Koppers by 95.6% during the second quarter. Quantbot Technologies LP now owns 2,130 shares of the specialty chemicals company’s stock worth $68,000 after acquiring an additional 1,041 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Koppers by 23.5% during the second quarter. BNP Paribas Financial Markets now owns 3,235 shares of the specialty chemicals company’s stock worth $104,000 after acquiring an additional 615 shares in the last quarter. 92.75% of the stock is owned by institutional investors.

Koppers Company Profile

Koppers Company, Inc is a global specialty chemicals and materials manufacturer serving diverse industrial markets. The company operates through two primary segments: Carbon Materials & Chemicals, which produces a range of coal tar–based products, phenolic specialties and carbon compounds; and Railroad Products & Services, which offers wood treating and infrastructure services for rail and utility customers.

In its Carbon Materials & Chemicals segment, Koppers supplies coal tar pitch, refined creosote, coal tar‐based distillates and phenolic resins used in aluminum smelting, graphite electrode manufacture, carbon fiber production, and water treatment applications.