Koppers (NYSE:KOP) CEO M Leroy Ball Sells 2,489 Shares

Koppers Holdings Inc. (NYSE:KOP) CEO M Leroy Ball sold 2,489 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $37.91, for a total value of $94,357.99. Following the completion of the sale, the chief executive officer directly owned 447,459 shares in the company, valued at approximately $16,963,170.69. The trade was a 0.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Koppers Trading Down 1.5%

Shares of NYSE KOP traded down $0.58 during trading on Thursday, reaching $37.14. The stock had a trading volume of 8,233 shares, compared to its average volume of 185,810. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.13 and a current ratio of 2.94. The company has a market cap of $729.37 million, a P/E ratio of 13.42 and a beta of 1.35. Koppers Holdings Inc. has a fifty-two week low of $22.99 and a fifty-two week high of $39.50. The business’s 50-day moving average price is $33.15 and its 200-day moving average price is $29.86.

Koppers (NYSE:KOP) last posted its earnings results on Thursday, February 26th. The specialty chemicals company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.11. The firm had revenue of $432.70 million for the quarter, compared to analyst estimates of $445.00 million. Koppers had a return on equity of 15.47% and a net margin of 2.98%.Koppers’s revenue was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 EPS. Koppers has set its FY 2026 guidance at 4.200-5.000 EPS. On average, equities research analysts predict that Koppers Holdings Inc. will post 4.24 EPS for the current fiscal year.

Koppers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 6th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.0%. This is an increase from Koppers’s previous quarterly dividend of $0.08. The ex-dividend date is Friday, March 6th. Koppers’s dividend payout ratio (DPR) is presently 13.00%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KOP. Zacks Research upgraded Koppers from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Weiss Ratings upgraded Koppers from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, January 29th. Wall Street Zen raised Koppers from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Finally, Barrington Research reissued an “outperform” rating and set a $55.00 price objective on shares of Koppers in a research report on Friday, February 27th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $52.50.

Institutional Trading of Koppers

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd boosted its position in shares of Koppers by 1.1% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 29,423 shares of the specialty chemicals company’s stock worth $797,000 after acquiring an additional 308 shares in the last quarter. Engineers Gate Manager LP lifted its stake in Koppers by 0.7% during the fourth quarter. Engineers Gate Manager LP now owns 48,228 shares of the specialty chemicals company’s stock worth $1,306,000 after purchasing an additional 332 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Koppers by 3.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,602 shares of the specialty chemicals company’s stock worth $325,000 after purchasing an additional 361 shares during the last quarter. Federated Hermes Inc. boosted its holdings in Koppers by 0.6% in the third quarter. Federated Hermes Inc. now owns 65,695 shares of the specialty chemicals company’s stock valued at $1,839,000 after purchasing an additional 408 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in Koppers by 0.9% in the fourth quarter. First Trust Advisors LP now owns 62,361 shares of the specialty chemicals company’s stock valued at $1,689,000 after purchasing an additional 567 shares in the last quarter. 92.75% of the stock is currently owned by institutional investors and hedge funds.

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.