Koppers Holdings Inc. (NYSE:KOP) SVP Sells $423,096.96 in Stock

Koppers Holdings Inc. (NYSE:KOP) SVP Leslie S. Hyde sold 10,452 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $40.48, for a total value of $423,096.96. Following the sale, the senior vice president now owns 50,386 shares of the company’s stock, valued at approximately $2,039,625.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Koppers Price Performance

KOP stock traded down $0.98 on Tuesday, reaching $40.78. 183,927 shares of the company’s stock were exchanged, compared to its average volume of 85,429. The stock has a fifty day moving average of $37.81 and a 200-day moving average of $34.64. The firm has a market cap of $851.08 million, a PE ratio of 10.67 and a beta of 1.88. The company has a quick ratio of 1.16, a current ratio of 2.43 and a debt-to-equity ratio of 1.98. Koppers Holdings Inc. has a twelve month low of $20.11 and a twelve month high of $41.91.

Koppers (NYSE:KOP) last posted its quarterly earnings results on Thursday, August 3rd. The specialty chemicals company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.18. Koppers had a net margin of 3.93% and a return on equity of 23.76%. The business had revenue of $577.20 million for the quarter, compared to analysts’ expectations of $531.00 million. During the same period in the prior year, the company posted $0.97 EPS. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. As a group, equities analysts predict that Koppers Holdings Inc. will post 4.4 EPS for the current fiscal year.

Koppers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Friday, August 25th were given a dividend of $0.06 per share. The ex-dividend date was Thursday, August 24th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.59%. Koppers’s payout ratio is 6.15%.

Wall Street Analysts Forecast Growth

KOP has been the topic of several recent research reports. StockNews.com initiated coverage on shares of Koppers in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Barrington Research reiterated an “outperform” rating and set a $45.00 price target on shares of Koppers in a research note on Monday. Finally, B. Riley restated a “buy” rating and issued a $50.00 price objective on shares of Koppers in a research report on Friday.

Institutional Investors Weigh In On Koppers

Several institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC increased its position in shares of Koppers by 50.4% in the third quarter. Tower Research Capital LLC TRC now owns 1,176 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 394 shares in the last quarter. Captrust Financial Advisors grew its position in shares of Koppers by 122.1% in the first quarter. Captrust Financial Advisors now owns 1,006 shares of the specialty chemicals company’s stock valued at $28,000 after purchasing an additional 553 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of Koppers by 48.7% during the 4th quarter. Quadrant Capital Group LLC now owns 1,692 shares of the specialty chemicals company’s stock worth $48,000 after acquiring an additional 554 shares during the period. Lazard Asset Management LLC boosted its holdings in Koppers by 301.0% in the second quarter. Lazard Asset Management LLC now owns 2,398 shares of the specialty chemicals company’s stock valued at $81,000 after acquiring an additional 1,800 shares during the last quarter. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Koppers during the 1st quarter worth about $88,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.

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 three segments: Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC).The RUPS segment procures and treats crossties, switch ties, and various types of lumber used for railroad bridges and crossings.