M Leroy Ball Sells 6,000 Shares of Koppers Holdings Inc. (NYSE:KOP) Stock

Koppers Holdings Inc. (NYSE:KOP) CEO M Leroy Ball sold 6,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $37.26, for a total transaction of $223,560.00. Following the sale, the chief executive officer now owns 314,325 shares in the company, valued at $11,711,749.50. The trade was a 1.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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 shares were sold at an average price of $37.92, for a total transaction of $189,600.00.

Koppers Stock Performance

Koppers stock opened at $38.22 on Friday. The company’s 50-day moving average price is $36.55 and its 200-day moving average price is $38.32. Koppers Holdings Inc. has a twelve month low of $33.80 and a twelve month high of $58.23. The company has a quick ratio of 1.13, a current ratio of 2.54 and a debt-to-equity ratio of 1.83. The company has a market cap of $774.72 million, a PE ratio of 10.86 and a beta of 1.84.

Koppers (NYSE:KOP) last posted its earnings results on Friday, November 8th. The specialty chemicals company reported $1.37 earnings per share for the quarter, topping 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 firm had revenue of $554.30 million for the quarter, compared to the consensus estimate of $571.80 million. During the same period in the previous year, the firm posted $1.32 EPS. The business’s quarterly revenue was up .7% on a year-over-year basis. On average, equities research analysts forecast 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. Investors of record on Friday, November 29th will be paid a dividend of $0.07 per share. The ex-dividend date is Friday, November 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.73%. Koppers’s dividend payout ratio is presently 7.95%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KOP. Barrington Research reiterated an “outperform” rating and issued a $64.00 price target on shares of Koppers in a report on Tuesday, November 12th. StockNews.com upgraded shares of Koppers from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Finally, Singular Research upgraded shares of Koppers to a “strong-buy” rating in a report on Friday, September 20th.

Hedge Funds Weigh In On Koppers

A number of large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in Koppers by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,187,926 shares of the specialty chemicals company’s stock valued at $43,942,000 after buying an additional 18,469 shares during the period. Pzena Investment Management LLC boosted its position in Koppers by 91.8% in the 3rd quarter. Pzena Investment Management LLC now owns 770,169 shares of the specialty chemicals company’s stock valued at $28,134,000 after buying an additional 368,709 shares during the period. Principal Financial Group Inc. boosted its position in Koppers by 20.7% in the 3rd quarter. Principal Financial Group Inc. now owns 568,787 shares of the specialty chemicals company’s stock valued at $20,778,000 after buying an additional 97,586 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Koppers by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 424,871 shares of the specialty chemicals company’s stock valued at $15,521,000 after buying an additional 20,586 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Koppers by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 221,207 shares of the specialty chemicals company’s stock valued at $8,182,000 after buying an additional 3,402 shares during the period. 92.75% of the stock is owned by hedge funds and other institutional investors.

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.