Stephen R. Tritch Sells 3,533 Shares of Koppers Holdings Inc. (NYSE:KOP) Stock

Koppers Holdings Inc. (NYSE:KOP) Director Stephen R. Tritch sold 3,533 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $37.08, for a total transaction of $131,003.64. Following the completion of the transaction, the director now owns 47,737 shares in the company, valued at approximately $1,770,087.96. The trade was a 6.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Koppers Price Performance

KOP stock traded up $0.20 during midday trading on Wednesday, hitting $37.57. The company’s stock had a trading volume of 81,852 shares, compared to its average volume of 145,514. The company has a 50 day moving average of $36.47 and a two-hundred day moving average of $38.36. Koppers Holdings Inc. has a 12 month low of $33.80 and a 12 month high of $58.23. The firm has a market capitalization of $761.54 million, a price-to-earnings ratio of 10.40 and a beta of 1.84. The company has a quick ratio of 1.13, a current ratio of 2.54 and a debt-to-equity ratio of 1.83.

Koppers (NYSE:KOP) last announced its quarterly earnings results on Friday, November 8th. The specialty chemicals company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.25 by $0.12. Koppers had a return on equity of 16.71% and a net margin of 3.55%. The firm had revenue of $554.30 million for the quarter, compared to analyst estimates of $571.80 million. During the same quarter last year, the firm posted $1.32 earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis. On average, analysts expect that Koppers Holdings Inc. will post 4.24 EPS for the current year.

Koppers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Friday, November 29th. Koppers’s payout ratio is currently 7.95%.

Institutional Investors Weigh In On Koppers

Institutional investors have recently added to or reduced their stakes in the business. Pzena Investment Management LLC raised its stake in shares of Koppers by 91.8% in the third quarter. Pzena Investment Management LLC now owns 770,169 shares of the specialty chemicals company’s stock worth $28,134,000 after purchasing an additional 368,709 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Koppers by 586.8% in the second quarter. Millennium Management LLC now owns 196,704 shares of the specialty chemicals company’s stock worth $7,276,000 after acquiring an additional 168,063 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in Koppers during the second quarter worth $5,671,000. Foundry Partners LLC acquired a new position in Koppers during the third quarter worth $4,022,000. Finally, Principal Financial Group Inc. lifted its stake in shares of 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 purchasing an additional 97,586 shares during the last quarter. Institutional investors and hedge funds own 92.75% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on KOP. Barrington Research reissued an “outperform” rating and issued 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 research report on Friday, September 20th. Finally, StockNews.com raised shares of Koppers from a “sell” rating to a “hold” rating in a research report on Monday, November 11th.

About Koppers

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.