Koppers (NYSE:KOP) was upgraded by equities researchers at TheStreet from a “d+” rating to a “c” rating in a report released on Friday.

A number of other brokerages have also commented on KOP. Monness Crespi & Hardt reissued a “buy” rating and set a $33.00 price objective (up previously from $28.00) on shares of Koppers in a report on Monday, March 4th. Barrington Research reissued a “buy” rating on shares of Koppers in a report on Monday, December 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $37.60.

Shares of NYSE KOP opened at $24.73 on Friday. The company has a current ratio of 1.81, a quick ratio of 0.86 and a debt-to-equity ratio of 14.61. The stock has a market cap of $507.76 million, a PE ratio of 7.07, a P/E/G ratio of 0.44 and a beta of 1.14. Koppers has a 52 week low of $15.00 and a 52 week high of $46.30.

Koppers (NYSE:KOP) last issued its quarterly earnings data on Friday, March 1st. The specialty chemicals company reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.15. The business had revenue of $425.40 million for the quarter, compared to analyst estimates of $432.00 million. Koppers had a return on equity of 81.39% and a net margin of 1.37%. The firm’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 EPS. Research analysts expect that Koppers will post 3.15 earnings per share for the current year.

In other Koppers news, VP R. Michael Johnson bought 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average price of $25.50 per share, for a total transaction of $510,000.00. Following the purchase, the vice president now directly owns 183,787 shares in the company, valued at $4,686,568.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.70% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in KOP. Fuller & Thaler Asset Management Inc. boosted its stake in Koppers by 32.6% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,907,866 shares of the specialty chemicals company’s stock valued at $59,430,000 after purchasing an additional 469,269 shares during the period. Norges Bank bought a new stake in Koppers during the 4th quarter valued at approximately $5,090,000. BlackRock Inc. boosted its stake in Koppers by 7.4% during the 3rd quarter. BlackRock Inc. now owns 3,336,675 shares of the specialty chemicals company’s stock valued at $103,938,000 after purchasing an additional 229,138 shares during the period. Phocas Financial Corp. bought a new stake in Koppers during the 4th quarter valued at approximately $3,635,000. Finally, State of New Jersey Common Pension Fund D boosted its stake in Koppers by 21.9% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 1,170,000 shares of the specialty chemicals company’s stock valued at $19,937,000 after purchasing an additional 210,000 shares during the period. Hedge funds and other institutional investors own 96.80% of the company’s stock.

About Koppers

Koppers Holdings Inc, through its subsidiaries, provides treated wood products, wood treatment chemicals, and carbon compounds in the United States and internationally. The company operates through three segments: Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC).

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