Koppers Holdings Inc. (NYSE:KOP - Get Free Report) Director Stephen R. Tritch sold 3,533 shares of Koppers stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $37.08, for a total value of $131,003.64. Following the completion of the sale, the director now directly owns 47,737 shares of the company's stock, valued at approximately $1,770,087.96. The trade was a 6.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
Koppers Stock Performance
Koppers stock opened at $37.56 on Thursday. Koppers Holdings Inc. has a 1-year low of $33.80 and a 1-year high of $58.23. The company's 50-day moving average is $36.50 and its 200 day moving average is $38.36. The firm has a market capitalization of $761.20 million, a P/E ratio of 10.67 and a beta of 1.84. The company has a debt-to-equity ratio of 1.83, a current ratio of 2.54 and a quick ratio of 1.13.
Koppers (NYSE:KOP - Get Free Report) last released its earnings results on Friday, November 8th. The specialty chemicals company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.12. The business had revenue of $554.30 million during the quarter, compared to the consensus estimate of $571.80 million. Koppers had a return on equity of 16.71% and a net margin of 3.55%. The business's revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the company earned $1.32 earnings per share. Research analysts forecast that Koppers Holdings Inc. will post 4.24 EPS for the current year.
Koppers Announces Dividend
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The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a $0.07 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.28 annualized dividend and a yield of 0.75%. Koppers's dividend payout ratio (DPR) is currently 7.95%.
Analyst Ratings Changes
Several equities analysts recently weighed in on KOP shares. Barrington Research reiterated an "outperform" rating and set a $64.00 target price on shares of Koppers in a research report on Tuesday, November 12th. Singular Research raised shares of Koppers to a "strong-buy" rating in a report on Friday, September 20th. Finally, StockNews.com raised shares of Koppers from a "sell" rating to a "hold" rating in a research note on Monday, November 11th.
Read Our Latest Research Report on Koppers
Institutional Investors Weigh In On Koppers
Hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of Koppers by 170.4% during the third quarter. GAMMA Investing LLC now owns 830 shares of the specialty chemicals company's stock valued at $30,000 after buying an additional 523 shares during the period. nVerses Capital LLC purchased a new position in Koppers during the 2nd quarter valued at about $37,000. Meeder Asset Management Inc. bought a new stake in shares of Koppers in the 3rd quarter valued at about $37,000. KBC Group NV lifted its position in shares of Koppers by 83.8% in the 3rd quarter. KBC Group NV now owns 1,204 shares of the specialty chemicals company's stock worth $44,000 after purchasing an additional 549 shares during the period. Finally, Innealta Capital LLC bought a new position in shares of Koppers during the second quarter valued at approximately $45,000. 92.75% of the stock is currently owned by hedge funds and other institutional investors.
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.
Further Reading
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