M Leroy Ball Sells 2,500 Shares of Koppers Holdings Inc. (NYSE:KOP) Stock

Koppers Holdings Inc. (NYSE:KOPGet Free Report) CEO M Leroy Ball sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $42.36, for a total value of $105,900.00. Following the completion of the sale, the chief executive officer now directly owns 321,008 shares in the company, valued at approximately $13,597,898.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Friday, May 24th, M Leroy Ball sold 2,500 shares of Koppers stock. The shares were sold at an average price of $43.13, for a total value of $107,825.00.
  • On Monday, March 4th, M Leroy Ball sold 5,000 shares of Koppers stock. The shares were sold at an average price of $53.51, for a total value of $267,550.00.

Koppers Stock Performance

NYSE:KOP opened at $43.23 on Friday. The company has a fifty day simple moving average of $50.01 and a two-hundred day simple moving average of $49.53. The company has a market cap of $916.48 million, a price-to-earnings ratio of 12.18 and a beta of 1.86. The company has a quick ratio of 1.00, a current ratio of 2.29 and a debt-to-equity ratio of 1.70. Koppers Holdings Inc. has a 52 week low of $28.45 and a 52 week high of $58.23.

Koppers (NYSE:KOPGet Free Report) last issued its earnings results on Friday, May 3rd. The specialty chemicals company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $497.60 million during the quarter, compared to the consensus estimate of $497.00 million. Koppers had a net margin of 3.59% and a return on equity of 17.19%. The company’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.12 earnings per share. As a group, equities analysts anticipate that Koppers Holdings Inc. will post 4.51 earnings per share for the current fiscal year.

Koppers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 24th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.65%. Koppers’s payout ratio is currently 7.89%.

Hedge Funds Weigh In On Koppers

Institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in shares of Koppers by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,180,134 shares of the specialty chemicals company’s stock valued at $60,448,000 after buying an additional 82,741 shares during the last quarter. Rubric Capital Management LP increased its holdings in Koppers by 6.9% in the third quarter. Rubric Capital Management LP now owns 1,138,592 shares of the specialty chemicals company’s stock valued at $45,031,000 after buying an additional 73,151 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Koppers by 10.5% in the first quarter. Principal Financial Group Inc. now owns 472,831 shares of the specialty chemicals company’s stock valued at $26,086,000 after buying an additional 45,003 shares in the last quarter. Invesco Ltd. increased its holdings in Koppers by 29.2% in the third quarter. Invesco Ltd. now owns 462,789 shares of the specialty chemicals company’s stock valued at $18,303,000 after buying an additional 104,590 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Koppers by 326.4% in the third quarter. Assenagon Asset Management S.A. now owns 123,753 shares of the specialty chemicals company’s stock valued at $4,894,000 after buying an additional 94,732 shares in the last quarter. Institutional investors and hedge funds own 92.75% of the company’s stock.

Analyst Upgrades and Downgrades

KOP has been the subject of several research reports. Barrington Research restated an “outperform” rating and issued a $64.00 price target on shares of Koppers in a research note on Tuesday. Singular Research upgraded shares of Koppers from a “hold” rating to a “buy” rating and set a $67.50 price target for the company in a research note on Wednesday, March 13th.

Check Out Our Latest Stock Report on KOP

Koppers Company Profile

(Get Free Report)

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.

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