Koppers (NYSE:KOP) Shares Gap Down – Here’s What Happened

Koppers Holdings Inc. (NYSE:KOP) shares gapped down before the market opened on Friday . The stock had previously closed at $29.20, but opened at $27.84. Koppers shares last traded at $28.3350, with a volume of 4,976 shares.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Zacks Research raised Koppers from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. B. Riley reiterated a “buy” rating and issued a $50.00 price objective (down previously from $55.00) on shares of Koppers in a research note on Monday, August 11th. Weiss Ratings raised Koppers from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $55.00 target price on shares of Koppers in a report on Tuesday, November 11th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $52.50.

Koppers Trading Up 1.1%

The company has a 50 day simple moving average of $28.05 and a 200 day simple moving average of $30.08. The company has a current ratio of 2.63, a quick ratio of 1.09 and a debt-to-equity ratio of 1.68. The stock has a market capitalization of $555.85 million, a PE ratio of 35.43 and a beta of 1.40.

Koppers (NYSE:KOP) last released its earnings results on Friday, November 7th. The specialty chemicals company reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.04). Koppers had a net margin of 0.84% and a return on equity of 16.48%. The company had revenue of $485.30 million during the quarter, compared to analyst estimates of $516.50 million. During the same period in the previous year, the firm posted $1.37 EPS. The company’s revenue for the quarter was down 12.4% on a year-over-year basis. Koppers has set its FY 2025 guidance at 4.000-4.150 EPS. Analysts predict that Koppers Holdings Inc. will post 4.24 earnings per share for the current fiscal year.

Koppers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 28th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, November 28th. Koppers’s dividend payout ratio (DPR) is 40.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Financial Consulate Inc. acquired a new stake in Koppers in the third quarter valued at about $42,000. Byrne Asset Management LLC purchased a new position in shares of Koppers during the 3rd quarter worth approximately $42,000. AlphaQuest LLC lifted its holdings in shares of Koppers by 97,600.0% in the 1st quarter. AlphaQuest LLC now owns 1,954 shares of the specialty chemicals company’s stock valued at $55,000 after buying an additional 1,952 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Koppers by 258.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,930 shares of the specialty chemicals company’s stock valued at $62,000 after buying an additional 1,391 shares during the period. Finally, Quantbot Technologies LP boosted its stake in shares of Koppers by 95.6% in the second quarter. Quantbot Technologies LP now owns 2,130 shares of the specialty chemicals company’s stock valued at $68,000 after buying an additional 1,041 shares in the last quarter. 92.75% of the stock is currently owned by institutional investors and hedge funds.

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.