Insider Selling: Koppers Holdings Inc. (NYSE:KOP) CEO Sells 2,500 Shares of Stock

Koppers Holdings Inc. (NYSE:KOPGet Free Report) CEO M Leroy Ball sold 2,500 shares of the stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $42.45, for a total transaction of $106,125.00. Following the completion of the sale, the chief executive officer now directly owns 321,008 shares in the company, valued at approximately $13,626,789.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

M Leroy Ball also recently made the following trade(s):

  • On Tuesday, May 28th, M Leroy Ball sold 2,500 shares of Koppers stock. The shares were sold at an average price of $42.36, for a total transaction of $105,900.00.
  • On Friday, May 24th, M Leroy Ball sold 2,500 shares of Koppers stock. The shares were sold at an average price of $43.13, for a total transaction of $107,825.00.

Koppers Trading Up 0.2 %

Shares of NYSE:KOP opened at $41.65 on Tuesday. Koppers Holdings Inc. has a twelve month low of $31.92 and a twelve month high of $58.23. The company has a current ratio of 2.29, a quick ratio of 1.00 and a debt-to-equity ratio of 1.70. The firm has a market cap of $882.98 million, a P/E ratio of 11.73 and a beta of 1.87. The company has a 50 day moving average of $48.66 and a 200-day moving average of $49.66.

Koppers (NYSE:KOPGet Free Report) last issued its quarterly earnings results on Friday, May 3rd. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Koppers had a return on equity of 17.19% and a net margin of 3.59%. The firm had revenue of $497.60 million during the quarter, compared to analyst estimates of $497.00 million. During the same period last year, the company posted $1.12 EPS. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. As a group, analysts anticipate that Koppers Holdings Inc. will post 4.51 earnings per share for the current fiscal year.

Koppers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 24th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Thursday, May 23rd. Koppers’s payout ratio is 7.89%.

Hedge Funds Weigh In On Koppers

Several hedge funds have recently made changes to their positions in the business. EMC Capital Management boosted its holdings in Koppers by 8.5% during the first quarter. EMC Capital Management now owns 6,538 shares of the specialty chemicals company’s stock worth $361,000 after buying an additional 510 shares in the last quarter. Hancock Whitney Corp bought a new stake in shares of Koppers during the 1st quarter worth $577,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Koppers by 3.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,608 shares of the specialty chemicals company’s stock worth $1,248,000 after acquiring an additional 661 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of Koppers by 57.3% in the 1st quarter. Lazard Asset Management LLC now owns 14,738 shares of the specialty chemicals company’s stock worth $812,000 after acquiring an additional 5,370 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its position in shares of Koppers by 119.3% during the first quarter. Advisors Asset Management Inc. now owns 6,571 shares of the specialty chemicals company’s stock worth $363,000 after purchasing an additional 3,574 shares during the period. Institutional investors and hedge funds own 92.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on KOP shares. Barrington Research reissued an “outperform” rating and issued a $64.00 price objective on shares of Koppers in a report on Tuesday, May 28th. Singular Research raised Koppers from a “hold” rating to a “buy” rating and set a $67.50 price target for the company in a research note on Wednesday, March 13th.

Read Our Latest Stock Report on KOP

About Koppers

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Koppers (NYSE:KOP)

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