Koppers Holdings Inc. (NYSE:KOP) CEO M Leroy Ball Sells 5,000 Shares

Koppers Holdings Inc. (NYSE:KOP) CEO M Leroy Ball sold 5,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $37.92, for a total value of $189,600.00. Following the completion of the sale, the chief executive officer now owns 315,129 shares in the company, valued at approximately $11,949,691.68. The trade was a 1.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Koppers Stock Down 0.6 %

Shares of KOP stock traded down $0.22 on Friday, hitting $37.34. The stock had a trading volume of 11,083 shares, compared to its average volume of 145,290. Koppers Holdings Inc. has a one year low of $33.80 and a one year high of $58.23. The business has a 50 day moving average price of $36.40 and a 200 day moving average price of $38.81. The company has a market cap of $756.88 million, a PE ratio of 10.74 and a beta of 1.84. The company has a quick ratio of 1.13, a current ratio of 2.54 and a debt-to-equity ratio of 1.83.

Koppers (NYSE:KOP) last announced its quarterly earnings results on Friday, November 8th. The specialty chemicals company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.12. The firm had revenue of $554.30 million during the quarter, compared to analysts’ expectations of $571.80 million. Koppers had a net margin of 3.55% and a return on equity of 16.71%. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.32 EPS. Research analysts anticipate that Koppers Holdings Inc. will post 4.24 earnings per share for the current fiscal year.

Koppers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.07 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.75%. Koppers’s dividend payout ratio is presently 7.95%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its holdings in shares of Koppers by 170.4% during the third quarter. GAMMA Investing LLC now owns 830 shares of the specialty chemicals company’s stock valued at $30,000 after acquiring an additional 523 shares in the last quarter. nVerses Capital LLC purchased a new position in shares of Koppers in the second quarter worth $37,000. Meeder Asset Management Inc. purchased a new position in shares of Koppers in the third quarter worth $37,000. KBC Group NV grew its holdings in shares of Koppers by 83.8% during the third quarter. KBC Group NV now owns 1,204 shares of the specialty chemicals company’s stock valued at $44,000 after buying an additional 549 shares during the last quarter. Finally, Innealta Capital LLC purchased a new stake in shares of Koppers during the second quarter valued at $45,000. 92.75% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on KOP. Singular Research raised Koppers to a “strong-buy” rating in a research report on Friday, September 20th. StockNews.com upgraded shares of Koppers from a “sell” rating to a “hold” rating in a report on Monday. Finally, Barrington Research restated an “outperform” rating and issued a $64.00 target price on shares of Koppers in a research note on Tuesday.

Koppers Company Profile

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.