Share on StockTwits

Koppers Holdings (NYSE:KOP) CFO Michael Zugay bought 10,000 shares of the stock on the open market in a transaction dated Wednesday, August 20th. The shares were purchased at an average cost of $35.42 per share, for a total transaction of $354,200.00. Following the completion of the purchase, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at approximately $354,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Koppers Holdings (NYSE:KOP) traded up 1.32% on Friday, hitting $36.20. 97,227 shares of the company’s stock traded hands. Koppers Holdings has a one year low of $34.68 and a one year high of $49.99. The stock’s 50-day moving average is $36.48 and its 200-day moving average is $38.61. The company has a market cap of $741.9 million and a P/E ratio of 39.31.

Koppers Holdings (NYSE:KOP) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.39 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.61 by $0.22. The company had revenue of $356.80 million for the quarter, compared to the consensus estimate of $391.30 million. During the same quarter last year, the company posted $0.69 earnings per share. Koppers Holdings’s revenue was down 3.8% compared to the same quarter last year. Analysts expect that Koppers Holdings will post $2.22 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, October 6th. Investors of record on Monday, August 18th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Thursday, August 14th.

Several analysts have recently commented on the stock. Analysts at Oppenheimer reiterated an “outperform” rating on shares of Koppers Holdings in a research note on Friday, August 8th. They now have a $45.00 price target on the stock, down previously from $50.00. Analysts at Zacks upgraded shares of Koppers Holdings from an “underperform” rating to a “neutral” rating in a research note on Wednesday, August 6th. They now have a $37.40 price target on the stock. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $44.35.

Koppers Holdings Inc (NYSE:KOP) is a global provider of carbon compounds and commercial wood treatment products and services.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.