Koppers Holdings Inc. (KOP) Downgraded to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of Koppers Holdings Inc. (NYSE:KOP) from a buy rating to a hold rating in a research note published on Wednesday.

According to Zacks, “Koppers Holdings Inc. is a global integrated producer of carbon compounds and treated wood products. Including its joint ventures, Koppers operates facilities in the United States, United Kingdom, Denmark, Australia, China, the Pacific Rim and South Africa. “

Other analysts have also recently issued research reports about the company. TheStreet upgraded Koppers Holdings from a c rating to a b- rating in a research note on Thursday, August 3rd. Jefferies Group LLC restated a hold rating and set a $40.00 price objective on shares of Koppers Holdings in a research note on Thursday, October 12th. Finally, Barrington Research restated an outperform rating and set a $55.00 price objective on shares of Koppers Holdings in a research note on Thursday, September 14th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Buy and a consensus price target of $45.40.

Shares of Koppers Holdings (NYSE:KOP) traded up $1.50 during midday trading on Wednesday, reaching $47.90. The company’s stock had a trading volume of 115,234 shares, compared to its average volume of 119,438. Koppers Holdings has a 12-month low of $33.90 and a 12-month high of $51.80. The firm has a market capitalization of $974.00, a PE ratio of 12.72, a P/E/G ratio of 0.70 and a beta of 1.02. The company has a debt-to-equity ratio of 6.08, a current ratio of 2.02 and a quick ratio of 1.13.

Koppers Holdings (NYSE:KOP) last announced its quarterly earnings data on Thursday, November 9th. The specialty chemicals company reported $1.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.55. Koppers Holdings had a return on equity of 119.06% and a net margin of 3.54%. The firm had revenue of $384.80 million for the quarter, compared to analysts’ expectations of $363.00 million. During the same quarter in the prior year, the firm posted $0.99 earnings per share. Koppers Holdings’s revenue for the quarter was up 3.7% compared to the same quarter last year. research analysts anticipate that Koppers Holdings will post 3.7 EPS for the current fiscal year.

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In other news, VP Leslie S. Hyde sold 1,810 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $45.00, for a total transaction of $81,450.00. Following the completion of the transaction, the vice president now directly owns 19,727 shares of the company’s stock, valued at $887,715. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Leslie S. Hyde sold 1,800 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $43.00, for a total value of $77,400.00. Following the transaction, the vice president now directly owns 19,927 shares of the company’s stock, valued at $856,861. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Macquarie Group Ltd. bought a new position in shares of Koppers Holdings during the third quarter valued at approximately $166,000. State of Alaska Department of Revenue grew its holdings in shares of Koppers Holdings by 80.3% during the second quarter. State of Alaska Department of Revenue now owns 4,110 shares of the specialty chemicals company’s stock valued at $148,000 after purchasing an additional 1,830 shares during the last quarter. Victory Capital Management Inc. bought a new position in shares of Koppers Holdings during the third quarter valued at approximately $195,000. Piedmont Investment Advisors LLC bought a new position in shares of Koppers Holdings during the third quarter valued at approximately $209,000. Finally, Barings LLC bought a new position in shares of Koppers Holdings during the third quarter valued at approximately $212,000. 88.27% of the stock is owned by institutional investors.

Koppers Holdings Company Profile

Koppers Holdings Inc is a global integrated provider of treated wood products, wood treatment chemicals and carbon compounds. The Company operates through three segments: Railroad and Utility Products and Services (RUPS), Carbon Materials and Chemicals (CMC) and Performance Chemicals (PC). The RUPS business sells treated and untreated wood products, rail joint bars and services primarily to the railroad markets.

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