Koppers (NYSE:KOP) CEO Sells $183,840.00 in Stock

Koppers Holdings Inc. (NYSE:KOP) CEO Leroy Ball sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $45.96, for a total transaction of $183,840.00. Following the sale, the chief executive officer owned 429,555 shares in the company, valued at $19,742,347.80. The trade was a 0.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

M Leroy Ball also recently made the following trade(s):

• On Wednesday, August 19th, Leroy Ball sold 3,000 shares of Koppers stock. The stock was sold at an average price of $45.84, for a total transaction of $137,520.00.
• On Thursday, June 18th, Leroy Ball sold 3,412 shares of Koppers stock. The shares were sold at an average price of $43.90, for a total transaction of $149,786.80.

Koppers Trading Up 0.4%

Shares of KOP stock opened at $46.89 on Friday. The company’s fifty day simple moving average is $47.74 and its two-hundred day simple moving average is $42.30. The company has a debt-to-equity ratio of 2.31, a current ratio of 2.33 and a quick ratio of 1.01. Koppers Holdings Inc. has a 1 year low of $25.00 and a 1 year high of $53.00. The stock has a market capitalization of $886.69 million, a price-to-earnings ratio of -9.93, a PEG ratio of 11.46 and a beta of 1.23.

Koppers (NYSE:KOP) last posted its quarterly earnings results on Thursday, August 6th. The specialty chemicals company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.25. The firm had revenue of $520.10 million during the quarter, compared to analyst estimates of $506.10 million. Koppers had a positive return on equity of 14.98% and a negative net margin of 4.59%.The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the company earned $1.48 earnings per share. Koppers has set its FY 2026 guidance at 3.800-4.200 EPS. As a group, analysts anticipate that Koppers Holdings Inc. will post 4.08 earnings per share for the current year.

Koppers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Friday, August 28th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, August 28th. Koppers’s payout ratio is presently -7.63%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of KOP. BlackRock Inc. purchased a new stake in Koppers in the second quarter valued at approximately $136,837,000. Pzena Investment Management LLC increased its holdings in shares of Koppers by 0.4% in the 1st quarter. Pzena Investment Management LLC now owns 1,209,376 shares of the specialty chemicals company’s stock worth $46,779,000 after buying an additional 5,124 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Koppers by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,191,358 shares of the specialty chemicals company’s stock worth $46,082,000 after buying an additional 17,833 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Koppers by 4,694.1% during the 2nd quarter. California State Teachers Retirement System now owns 896,878 shares of the specialty chemicals company’s stock valued at $40,270,000 after buying an additional 878,170 shares in the last quarter. Finally, Simcoe Capital Management LLC purchased a new stake in shares of Koppers during the 4th quarter valued at $22,032,000. Hedge funds and other institutional investors own 92.75% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KOP. Singular Research raised shares of Koppers to a “strong-buy” rating in a report on Friday, May 15th. Weiss Ratings lowered shares of Koppers from a “hold (c+)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Finally, Wall Street Zen cut shares of Koppers from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $55.00.

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.