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 firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $37.92, for a total transaction of $189,600.00. Following the transaction, the chief executive officer now owns 315,129 shares in the company, valued at approximately $11,949,691.68. This trade represents a 1.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Koppers Price Performance

Koppers stock traded down $0.36 during midday trading on Thursday, reaching $37.56. The company’s stock had a trading volume of 142,110 shares, compared to its average volume of 145,897. Koppers Holdings Inc. has a fifty-two week low of $33.80 and a fifty-two week high of $58.23. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.13 and a current ratio of 2.54. The stock’s 50 day simple moving average is $36.39 and its 200 day simple moving average is $38.82. The firm has a market capitalization of $761.34 million, a PE ratio of 10.77 and a beta of 1.84.

Koppers (NYSE:KOP) last released its earnings results on Friday, November 8th. The specialty chemicals company reported $1.37 EPS for the quarter, beating 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 company had revenue of $554.30 million during the quarter, compared to the consensus estimate of $571.80 million. During the same quarter last year, the company earned $1.32 earnings per share. Koppers’s quarterly revenue was up .7% compared to the same quarter last year. On average, equities research analysts forecast that Koppers Holdings Inc. will post 4.24 earnings per share for the current year.

Koppers Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in KOP. GAMMA Investing LLC raised its stake in shares of Koppers by 170.4% during the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the specialty chemicals company’s stock worth $30,000 after buying an additional 523 shares during the last quarter. nVerses Capital LLC acquired a new position in Koppers in the 2nd quarter valued at about $37,000. Meeder Asset Management Inc. acquired a new position in Koppers in the 3rd quarter valued at about $37,000. KBC Group NV raised its stake in Koppers by 83.8% in the 3rd quarter. KBC Group NV now owns 1,204 shares of the specialty chemicals company’s stock valued at $44,000 after purchasing an additional 549 shares during the last quarter. Finally, Innealta Capital LLC acquired a new position in Koppers in the 2nd quarter valued at about $45,000. Institutional investors and hedge funds own 92.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on KOP shares. Singular Research upgraded shares of 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 research report on Monday. Finally, Barrington Research reiterated an “outperform” rating and issued a $64.00 price objective on shares of Koppers in a research report on Tuesday.

About Koppers

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.