Insider Selling: Koppers Holdings Inc. (NYSE:KOP) CEO Sells $223,560.00 in Stock

Koppers Holdings Inc. (NYSE:KOP) CEO M Leroy Ball sold 6,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $37.26, for a total transaction of $223,560.00. Following the transaction, the chief executive officer now directly owns 314,325 shares of the company’s stock, valued at approximately $11,711,749.50. This trade represents a 1.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

M Leroy Ball also recently made the following trade(s):

• On Tuesday, November 12th, M Leroy Ball sold 5,000 shares of Koppers stock. The stock was sold at an average price of $37.92, for a total transaction of $189,600.00.

Koppers Price Performance

Shares of NYSE KOP opened at $38.22 on Friday. 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 50 day simple moving average of $36.55 and a two-hundred day simple moving average of $38.32. The company has a market capitalization of $774.72 million, a price-to-earnings ratio of 10.86 and a beta of 1.84. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.13 and a current ratio of 2.54.

Koppers (NYSE:KOP) last announced its earnings results on Friday, November 8th. The specialty chemicals company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.12. Koppers had a net margin of 3.55% and a return on equity of 16.71%. The business 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 firm earned $1.32 earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis. Analysts expect that Koppers Holdings Inc. will post 4.24 EPS for the current fiscal 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 issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Friday, November 29th. Koppers’s payout ratio is 7.95%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Koppers

Institutional investors have recently made changes to their positions in the company. Barclays PLC boosted its holdings in Koppers by 356.9% in the third quarter. Barclays PLC now owns 36,941 shares of the specialty chemicals company’s stock worth $1,350,000 after purchasing an additional 28,855 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Koppers by 345.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,905 shares of the specialty chemicals company’s stock worth $106,000 after acquiring an additional 2,253 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Koppers by 128.7% during the 3rd quarter. Jane Street Group LLC now owns 60,542 shares of the specialty chemicals company’s stock worth $2,212,000 after acquiring an additional 34,074 shares during the last quarter. Villanova Investment Management Co LLC boosted its stake in shares of Koppers by 24.8% during the 3rd quarter. Villanova Investment Management Co LLC now owns 28,994 shares of the specialty chemicals company’s stock worth $1,059,000 after acquiring an additional 5,758 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of Koppers during the 3rd quarter worth $161,000. Hedge funds and other institutional investors own 92.75% 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 Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC) segments.