Koppers Holdings Inc. (NYSE:KOP) Director Stephen R. Tritch Sells 3,533 Shares

Koppers Holdings Inc. (NYSE:KOP) Director Stephen R. Tritch sold 3,533 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $37.08, for a total value of $131,003.64. Following the sale, the director now owns 47,737 shares in the company, valued at $1,770,087.96. The trade was a 6.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Koppers Stock Up 0.6 %

Shares of NYSE KOP opened at $37.78 on Friday. Koppers Holdings Inc. has a 12 month low of $33.80 and a 12 month high of $58.23. The firm has a fifty day simple moving average of $36.52 and a two-hundred day simple moving average of $38.35. The company has a current ratio of 2.54, a quick ratio of 1.13 and a debt-to-equity ratio of 1.83. The firm has a market capitalization of $765.76 million, a PE ratio of 10.73 and a beta of 1.84.

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

Koppers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.07 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.28 annualized dividend and a dividend yield of 0.74%. Koppers’s dividend payout ratio is presently 7.95%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Singular Research raised shares of Koppers to a “strong-buy” rating in a report on Friday, September 20th. StockNews.com raised Koppers from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $64.00 target price on shares of Koppers in a research note on Tuesday, November 12th.

Hedge Funds Weigh In On Koppers

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company lifted its holdings in shares of Koppers by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 10,878 shares of the specialty chemicals company’s stock valued at $402,000 after purchasing an additional 376 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in Koppers by 3.9% in the second quarter. Louisiana State Employees Retirement System now owns 10,700 shares of the specialty chemicals company’s stock worth $396,000 after purchasing an additional 400 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of Koppers by 0.6% in the 2nd quarter. Federated Hermes Inc. now owns 76,772 shares of the specialty chemicals company’s stock worth $2,840,000 after purchasing an additional 423 shares during the period. Harbor Capital Advisors Inc. grew its position in Koppers by 4.1% during the second quarter. Harbor Capital Advisors Inc. now owns 10,972 shares of the specialty chemicals company’s stock valued at $406,000 after buying an additional 434 shares during the period. Finally, EMC Capital Management boosted its stake in shares of Koppers by 8.5% during the 1st quarter. EMC Capital Management now owns 6,538 shares of the specialty chemicals company’s stock worth $361,000 after acquiring an additional 510 shares during the last quarter. 92.75% of the stock is owned by institutional investors.

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.