Koppers (NYSE:KOP) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Koppers Holdings Inc. (NYSE:KOP)’s share price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $44.19 and traded as high as $44.39. Koppers shares last traded at $43.4210, with a volume of 110,586 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wall Street Zen lowered Koppers from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. Weiss Ratings downgraded Koppers from a “hold (c+)” rating to a “sell (d+)” rating in a research note 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’s stock. According to data from MarketBeat, Koppers currently has an average rating of “Moderate Buy” and an average price target of $55.00.

Koppers Stock Performance

The company has a market cap of $819.09 million, a P/E ratio of -9.18 and a beta of 1.23. The company has a quick ratio of 1.01, a current ratio of 2.33 and a debt-to-equity ratio of 2.31. The stock’s 50-day moving average price is $45.86 and its 200 day moving average price is $44.18.

Koppers (NYSE:KOP) last posted its quarterly earnings data on Thursday, August 6th. The specialty chemicals company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.25. Koppers had a negative net margin of 4.59% and a positive return on equity of 14.98%. The business had revenue of $520.10 million during the quarter, compared to the consensus estimate of $506.10 million. During the same period in the prior year, the firm earned $1.48 EPS. Koppers’s quarterly revenue was up 3.0% compared to the same quarter last year. Koppers has set its FY 2026 guidance at 3.800-4.200 EPS. As a group, research analysts expect that Koppers Holdings Inc. will post 4.08 EPS for the current fiscal year.

Koppers Dividend Announcement

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

Insiders Place Their Bets

In related news, insider James A. Sullivan sold 7,500 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $50.00, for a total transaction of $375,000.00. Following the completion of the sale, the insider owned 82,898 shares in the company, valued at $4,144,900. This represents a 8.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Bradley A. Pearce sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $51.01, for a total value of $102,020.00. Following the completion of the sale, the chief accounting officer directly owned 41,037 shares in the company, valued at $2,093,297.37. This trade represents a 4.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 97,808 shares of company stock valued at $4,857,451. 7.28% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of KOP. Bank of New York Mellon Corp acquired a new stake in shares of Koppers in the second quarter worth $9,993,000. State Street Corp increased its stake in Koppers by 7.0% in the second quarter. State Street Corp now owns 804,553 shares of the specialty chemicals company’s stock valued at $36,124,000 after acquiring an additional 52,289 shares during the period. JB Capital Partners LP acquired a new position in shares of Koppers in the 2nd quarter worth approximately $3,506,735. Sei Investments Co. grew its position in Koppers by 87.5% in the first quarter. Sei Investments Co. now owns 69,979 shares of the specialty chemicals company’s stock valued at $2,707,000 after acquiring an additional 32,658 shares during the period. Finally, Hsbc Holdings PLC bought a new stake in Koppers in the second quarter valued at $504,000. 92.75% of the stock is currently 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.