Published On: Sat, Sep 10th, 2016

Koppers Holdings Inc. (KOP) Stock Price Down 7.8%

Koppers Holdings Inc. (NYSE:KOP)’s share price traded down 7.8% during trading on Friday . The company traded as low as $30.02 and last traded at $30.18, with a volume of 62,822 shares traded. The stock had previously closed at $32.72.
A number of equities analysts recently commented on the company. Wunderlich increased their price objective on Koppers Holdings from $32.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, June 30th. Zacks Investment Research upgraded Koppers Holdings from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Thursday, May 12th. Barrington Research assumed coverage on Koppers Holdings in a report on Wednesday, June 8th. They issued an “outperform” rating and a $39.00 price objective on the stock. Jefferies Group restated a “buy” rating on shares of Koppers Holdings in a report on Wednesday, July 6th. Finally, Monness Crespi & Hardt downgraded Koppers Holdings from a “buy” rating to a “neutral” rating in a report on Monday, July 18th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Koppers Holdings presently has a consensus rating of “Buy” and an average target price of $37.00.
The company’s market capitalization is $624.10 million. The stock has a 50 day moving average price of $32.03 and a 200 day moving average price of $26.78.

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Koppers Holdings (NYSE:KOP) last issued its earnings results on Thursday, August 4th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.32. Koppers Holdings had a positive return on equity of 251.65% and a negative net margin of 4.37%. The firm had revenue of $385.10 million for the quarter, compared to analysts’ expectations of $395.95 million. During the same quarter last year, the business earned $0.68 earnings per share. The company’s revenue was down 10.8% compared to the same quarter last year. Equities analysts forecast that Koppers Holdings Inc. will post $2.14 EPS for the current fiscal year.
In other news, VP Leslie S. Hyde sold 2,850 shares of Koppers Holdings stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $32.48, for a total transaction of $92,568.00. Following the transaction, the vice president now owns 25,432 shares in the company, valued at approximately $826,031.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Steven R. Lacy sold 6,670 shares of Koppers Holdings stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $32.76, for a total value of $218,509.20. Following the transaction, the vice president now owns 57,788 shares in the company, valued at approximately $1,893,134.88. The disclosure for this sale can be found here. Insiders own 4.69% of the company’s stock.
About Koppers Holdings
Koppers Holdings Inc is an integrated global provider of treated wood products, wood treatment chemicals and carbon compounds. The Company operates through three business segments: Railroad and Utility Products and Services (RUPS), Carbon Materials and Chemicals (CMC) and Performance Chemicals (PC). The Railroad and Utility Products and Services segment sells treated and untreated wood products, rail joint bars and services primarily to the railroad industry and treated wood products to the utility industry.

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