Koppers Holdings Inc. (NYSE:KOP – Get Free Report)’s share price reached a new 52-week low on Monday . The company traded as low as $33.80 and last traded at $33.80, with a volume of 2166 shares. The stock had previously closed at $36.47.
Analysts Set New Price Targets
Separately, Barrington Research reissued an “outperform” rating and issued a $64.00 target price on shares of Koppers in a research note on Monday.
Read Our Latest Analysis on Koppers
Koppers Trading Up 2.9 %
Insider Activity
In related news, CEO M Leroy Ball sold 2,500 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $43.13, for a total value of $107,825.00. Following the completion of the transaction, the chief executive officer now directly owns 321,008 shares of the company’s stock, valued at $13,845,075.04. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last 90 days, insiders have sold 7,500 shares of company stock valued at $319,850. Corporate insiders own 6.55% of the company’s stock.
Institutional Investors Weigh In On Koppers
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Koppers during the 4th quarter valued at $26,000. nVerses Capital LLC purchased a new position in Koppers during the 2nd quarter valued at about $37,000. Innealta Capital LLC bought a new stake in Koppers during the second quarter worth about $45,000. CWM LLC grew its holdings in Koppers by 237.2% in the second quarter. CWM LLC now owns 1,558 shares of the specialty chemicals company’s stock worth $58,000 after purchasing an additional 1,096 shares during the period. Finally, AJOVista LLC bought a new position in shares of Koppers during the fourth quarter valued at approximately $62,000. 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.
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