Koppers Holdings Inc. (KOP) To Go Ex-Dividend on May 23rd

Koppers Holdings Inc. (NYSE:KOP) declared a quarterly dividend on Thursday, May 2nd, Wall Street Journal reports. Shareholders of record on Friday, May 24th will be paid a dividend of 0.07 per share by the specialty chemicals company on Monday, June 10th. This represents a $0.28 annualized dividend and a yield of 0.64%. The ex-dividend date is Thursday, May 23rd.

Koppers Stock Performance

Koppers stock opened at $44.03 on Friday. The stock has a 50-day simple moving average of $53.83 and a 200 day simple moving average of $48.69. The company has a quick ratio of 0.93, a current ratio of 2.14 and a debt-to-equity ratio of 1.66. Koppers has a 12-month low of $28.45 and a 12-month high of $58.23. The stock has a market capitalization of $925.95 million, a price-to-earnings ratio of 10.61 and a beta of 1.86.

Koppers (NYSE:KOP) last announced its earnings results on Friday, May 3rd. The specialty chemicals company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Koppers had a net margin of 4.14% and a return on equity of 20.10%. The company had revenue of $497.60 million during the quarter, compared to the consensus estimate of $497.00 million. During the same period in the previous year, the firm posted $1.12 earnings per share. The company’s revenue was down 3.1% on a year-over-year basis. On average, research analysts anticipate that Koppers will post 4.57 earnings per share for the current fiscal year.

Insider Buying and Selling at Koppers

In related news, COO James A. Sullivan sold 700 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $54.01, for a total value of $37,807.00. Following the completion of the sale, the chief operating officer now owns 111,192 shares in the company, valued at $6,005,479.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Koppers news, COO James A. Sullivan sold 700 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $54.01, for a total value of $37,807.00. Following the completion of the sale, the chief operating officer now owns 111,192 shares of the company’s stock, valued at $6,005,479.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO M Leroy Ball sold 5,000 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $53.51, for a total transaction of $267,550.00. Following the completion of the sale, the chief executive officer now owns 323,080 shares of the company’s stock, valued at approximately $17,288,010.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,591 shares of company stock worth $1,700,094. Insiders own 6.55% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Singular Research upgraded Koppers from a “hold” rating to a “buy” rating and set a $67.50 target price for the company in a research report on Wednesday, March 13th. Barrington Research reissued an “outperform” rating and set a $64.00 price objective on shares of Koppers in a report on Friday.

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.