Koppers Holdings Inc. (NYSE:KOP – Get Free Report) CEO M Leroy Ball sold 3,412 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $43.90, for a total value of $149,786.80. Following the sale, the chief executive officer owned 436,243 shares in the company, valued at approximately $19,151,067.70. The trade was a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
M Leroy Ball also recently made the following trade(s):
- On Wednesday, May 13th, M Leroy Ball sold 2,659 shares of Koppers stock. The stock was sold at an average price of $42.55, for a total value of $113,140.45.
Koppers Price Performance
Koppers stock opened at $42.91 on Wednesday. Koppers Holdings Inc. has a 52 week low of $25.00 and a 52 week high of $46.40. The company has a quick ratio of 1.11, a current ratio of 2.71 and a debt-to-equity ratio of 1.67. The firm’s 50-day simple moving average is $41.13 and its 200 day simple moving average is $35.50. The firm has a market capitalization of $825.16 million, a PE ratio of 11.29, a P/E/G ratio of 10.75 and a beta of 1.26.
Koppers Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, May 29th. Koppers’s dividend payout ratio (DPR) is 9.47%.
Analyst Ratings Changes
KOP has been the topic of a number of recent research reports. Singular Research raised Koppers to a “strong-buy” rating in a research note on Friday, May 15th. Barrington Research reissued an “outperform” rating and set a $55.00 price target on shares of Koppers in a research report on Monday, May 4th. Weiss Ratings raised Koppers from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Finally, Wall Street Zen upgraded Koppers from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $52.50.
Check Out Our Latest Stock Report on KOP
Hedge Funds Weigh In On Koppers
Institutional investors and hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its holdings in Koppers by 258.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,930 shares of the specialty chemicals company’s stock valued at $62,000 after acquiring an additional 1,391 shares during the last quarter. Quantbot Technologies LP boosted its holdings in shares of Koppers by 95.6% during the second quarter. Quantbot Technologies LP now owns 2,130 shares of the specialty chemicals company’s stock worth $68,000 after purchasing an additional 1,041 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Koppers by 23.5% during the second quarter. BNP Paribas Financial Markets now owns 3,235 shares of the specialty chemicals company’s stock worth $104,000 after purchasing an additional 615 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Koppers in the fourth quarter valued at $114,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Koppers in the first quarter valued at $164,000. Hedge funds and other institutional investors own 92.75% of the company’s stock.
About Koppers
Koppers Company, Inc is a global specialty chemicals and materials manufacturer serving diverse industrial markets. The company operates through two primary segments: Carbon Materials & Chemicals, which produces a range of coal tar–based products, phenolic specialties and carbon compounds; and Railroad Products & Services, which offers wood treating and infrastructure services for rail and utility customers.
In its Carbon Materials & Chemicals segment, Koppers supplies coal tar pitch, refined creosote, coal tar‐based distillates and phenolic resins used in aluminum smelting, graphite electrode manufacture, carbon fiber production, and water treatment applications.
Featured Articles
- Five stocks we like better than Koppers
- Oracle’s Sell-Off Looks More Like a Mispricing Than a Warning
- Apple’s Intel Deal Arrives at the Right Time for Its Stock
- Liquid Gold: The AI Cooling Retrofit Trade
- 3 Dividend Stocks Under $30 to Anchor Your Portfolio
Receive News & Ratings for Koppers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Koppers and related companies with MarketBeat.com's FREE daily email newsletter.
