Koppers Sees Unusually High Options Volume (KOP)

Koppers Holdings Inc. (NYSE:KOP) was the recipient of unusually large options trading on Thursday. Investors purchased 1,021 call options on the stock. This represents an increase of 1,574% compared to the average volume of 61 call options.

In other news, CEO M Leroy Ball acquired 4,000 shares of Koppers stock in a transaction that occurred on Thursday, December 13th. The shares were purchased at an average cost of $17.24 per share, for a total transaction of $68,960.00. Following the completion of the purchase, the chief executive officer now directly owns 155,038 shares of the company’s stock, valued at approximately $2,672,855.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP R. Michael Johnson acquired 50,000 shares of Koppers stock in a transaction that occurred on Monday, December 17th. The shares were purchased at an average price of $17.35 per share, for a total transaction of $867,500.00. Following the completion of the purchase, the vice president now directly owns 161,534 shares of the company’s stock, valued at $2,802,614.90. The disclosure for this purchase can be found here. Insiders have purchased 73,000 shares of company stock worth $1,265,210 over the last 90 days. 8.70% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its position in Koppers by 3.2% in the third quarter. Dimensional Fund Advisors LP now owns 671,438 shares of the specialty chemicals company’s stock worth $20,915,000 after buying an additional 20,898 shares during the period. Fuller & Thaler Asset Management Inc. grew its holdings in Koppers by 32.6% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,907,866 shares of the specialty chemicals company’s stock worth $59,430,000 after acquiring an additional 469,269 shares during the period. SG Americas Securities LLC grew its holdings in Koppers by 246.1% during the third quarter. SG Americas Securities LLC now owns 19,411 shares of the specialty chemicals company’s stock worth $605,000 after acquiring an additional 13,803 shares during the period. B. Riley Financial Inc. grew its holdings in Koppers by 80.9% during the third quarter. B. Riley Financial Inc. now owns 14,195 shares of the specialty chemicals company’s stock worth $442,000 after acquiring an additional 6,348 shares during the period. Finally, Northern Trust Corp grew its holdings in Koppers by 1.0% during the second quarter. Northern Trust Corp now owns 314,045 shares of the specialty chemicals company’s stock worth $12,044,000 after acquiring an additional 3,203 shares during the period. 92.49% of the stock is currently owned by hedge funds and other institutional investors.

KOP has been the topic of several research analyst reports. Zacks Investment Research cut Koppers from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 13th. Monness Crespi & Hardt raised Koppers from a “neutral” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Tuesday, November 13th. TheStreet lowered Koppers from a “c-” rating to a “d+” rating in a research report on Friday, December 7th. Barrington Research reaffirmed a “buy” rating on shares of Koppers in a research report on Monday, December 3rd. Finally, B. Riley reaffirmed a “buy” rating and issued a $40.00 target price on shares of Koppers in a research report on Friday, November 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $37.40.

Shares of NYSE KOP opened at $24.83 on Friday. Koppers has a 1-year low of $15.00 and a 1-year high of $46.30. The company has a current ratio of 2.14, a quick ratio of 1.12 and a debt-to-equity ratio of 12.97. The firm has a market capitalization of $519.89 million, a price-to-earnings ratio of 7.82, a P/E/G ratio of 0.37 and a beta of 1.10.

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Koppers Company Profile

Koppers Holdings Inc, through its subsidiaries, provides treated wood products, wood treatment chemicals, and carbon compounds in the United States and internationally. The company operates through three segments: Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC).

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