Koppers Holdings Inc. (NYSE:KOP – Get Free Report)’s stock price hit a new 52-week low on Tuesday . The company traded as low as $30.53 and last traded at $30.53, with a volume of 89659 shares traded. The stock had previously closed at $31.93.
Wall Street Analysts Forecast Growth
KOP has been the subject of several research reports. Barrington Research reissued an “outperform” rating and issued a $64.00 price target on shares of Koppers in a research report on Tuesday, November 12th. StockNews.com raised shares of Koppers from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Singular Research raised Koppers to a “strong-buy” rating in a research report on Friday, September 20th.
Check Out Our Latest Stock Analysis on KOP
Koppers Stock Performance
Koppers (NYSE:KOP – Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The specialty chemicals company reported $1.37 earnings per share for the quarter, topping 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 business had revenue of $554.30 million for the quarter, compared to analysts’ expectations of $571.80 million. During the same quarter in the previous year, the firm earned $1.32 earnings per share. The business’s revenue was up .7% on a year-over-year basis. As a group, sell-side analysts expect that Koppers Holdings Inc. will post 4.24 EPS for the current fiscal year.
Koppers Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.28 annualized dividend and a dividend yield of 0.92%. Koppers’s payout ratio is presently 7.95%.
Insider Buying and Selling
In other news, Director Stephen R. Tritch sold 3,533 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $37.08, for a total value of $131,003.64. Following the transaction, the director now owns 47,737 shares of the company’s stock, valued at approximately $1,770,087.96. This represents a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO M Leroy Ball sold 6,000 shares of Koppers stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $37.26, for a total value of $223,560.00. Following the sale, the chief executive officer now directly owns 314,325 shares of the company’s stock, valued at $11,711,749.50. This represents a 1.87 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,533 shares of company stock valued at $544,164. Company insiders own 6.55% of the company’s stock.
Institutional Investors Weigh In On Koppers
A number of institutional investors and hedge funds have recently bought and sold shares of KOP. Bank of New York Mellon Corp increased its position in shares of Koppers by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 221,207 shares of the specialty chemicals company’s stock valued at $8,182,000 after purchasing an additional 3,402 shares during the last quarter. Natixis Advisors LLC bought a new position in Koppers during the second quarter valued at approximately $700,000. Choreo LLC purchased a new position in shares of Koppers during the second quarter worth approximately $261,000. American Century Companies Inc. lifted its holdings in shares of Koppers by 13.8% in the 2nd quarter. American Century Companies Inc. now owns 39,179 shares of the specialty chemicals company’s stock worth $1,449,000 after acquiring an additional 4,754 shares during the last quarter. Finally, Federated Hermes Inc. boosted its stake in shares of Koppers by 0.6% in the 2nd quarter. Federated Hermes Inc. now owns 76,772 shares of the specialty chemicals company’s stock valued at $2,840,000 after purchasing an additional 423 shares in the last quarter. 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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