Monness Crespi & Hardt reiterates Koppers Holdings Inc. (KOP) stock to a Buy


Koppers Holdings Inc.’s recent filing unveils that its President and CEO BALL M LEROY unloaded Company’s shares for reported $77182.0 on Aug 30. In the deal valued at $38.59 per share,2,000 shares were sold. As a result of this transaction, BALL M LEROY now holds 298,921 shares worth roughly $ 11.93 million.

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Then, Pearce Bradley A sold 2,998 shares, generating $115,273 in total proceeds. Upon selling the shares at $38.45, the Chief Accounting Officer now owns 29,128 shares.

Before that, Hyde Leslie S sold 4,096 shares. Koppers Holdings Inc. shares valued at $157,942 were divested by the SVP, Chief Sustainability Offi at a price of $38.56 per share. As a result of the transaction, Hyde Leslie S now holds 50,386 shares, worth roughly $2.01 million.

Monness Crespi & Hardt reiterated its Koppers Holdings Inc. [KOP] rating to a Buy in a research note published on Friday, May 10, 2021; the price target was $45. PT values the company’s stock at a premium of 11.33 to its Friday closing price.

Price Performance Review of KOP

On Friday, Koppers Holdings Inc. [NYSE:KOP] saw its stock jump 4.20% to $39.90. On the same session, the stock had its day’s lowest price of $38.33, but rose to a high of $40.03. Over the last five days, the stock has gained 7.29%. Koppers Holdings Inc. shares have risen nearly 41.49% since the year began. Nevertheless, the stocks have risen 74.77% over the past one year. While a 52-week high of $39.60 was reached on 09/01/23, a 52-week low of $20.11 was recorded on 01/05/23. SMA at 50 days reached $36.76, while 200 days put it at $33.35. A total of 0.21 million shares were traded, compared to the trading of 0.14 million shares in the previous session.

Levels Of Support And Resistance For KOP Stock

The 24-hour chart illustrates a support level at 38.81, which if violated will result in even more drops to 37.72. On the upside, there is a resistance level at 40.51. A further resistance level may holdings at 41.12. The Relative Strength Index (RSI) on the 14-day chart is 64.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 3.78%. Stochastics %K at 75.04% indicates the stock is a holding.

How much short interest is there in Koppers Holdings Inc.?

A steep rise in short interest was recorded in Koppers Holdings Inc. stocks on Aug 14, 2023, dropping by 17850.0 shares to a total of 0.15 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.17 million shares. There was a decline of -11.9%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.26% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.45.

Koppers Holdings Inc. [KOP] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 3,147,882 shares, or roughly 15.11% of the outstanding KOP shares. In other words, the investor’s shares have fallen by -46,890 from its previous 13-F filing of 3194772.0. Additionally, The Vanguard Group, Inc. increased 0.02% of its stake after which the total value it holdings stand at $89,765,842, while Fuller & Thaler Asset Management, reduced -0.50% of its stake to hold $84.32 million in the firm. Over the last quarter, Rubric Capital Management LP sold -45,556 shares of Koppers Holdings Inc., while Dimensional Fund Advisors LP sold 53,237 shares. At present, LSV Asset Management is holding 758,250 shares valued at $29.01 million. SSgA Funds Management, Inc. owned 751,901 shares of the company at the time of its most recent 13F filing, worth $28.77 million.


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