Thomas D. Loadman Sells 10,000 Shares of Koppers Holdings Inc. (KOP) Stock
Koppers Holdings Inc. (NYSE:KOP) SVP Thomas D. Loadman sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $38.92, for a total value of $389,200.00. Following the transaction, the senior vice president now owns 48,927 shares of the company’s stock, valued at approximately $1,904,238.84. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Koppers Holdings Inc. (NYSE:KOP) traded down 3.18% during trading on Wednesday, reaching $38.00. The company had a trading volume of 185,495 shares. The firm has a market capitalization of $790.63 million, a price-to-earnings ratio of 23.36 and a beta of 0.92. The company’s 50-day moving average is $41.22 and its 200 day moving average is $40.71. Koppers Holdings Inc. has a 52 week low of $23.61 and a 52 week high of $45.85.
Koppers Holdings (NYSE:KOP) last issued its quarterly earnings data on Friday, May 5th. The specialty chemicals company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.33. The company had revenue of $346.60 million during the quarter, compared to analyst estimates of $327.10 million. Koppers Holdings had a positive return on equity of 1,225.00% and a negative net margin of 4.42%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.28 earnings per share. Equities analysts anticipate that Koppers Holdings Inc. will post $2.92 EPS for the current year.
A number of equities analysts have recently commented on the company. Zacks Investment Research cut Koppers Holdings from a “buy” rating to a “hold” rating in a report on Thursday, May 11th. Barrington Research lifted their target price on Koppers Holdings from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Koppers Holdings currently has an average rating of “Hold” and a consensus target price of $45.25.
Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Advisors LLC raised its position in shares of Koppers Holdings by 2.7% in the third quarter. BlackRock Advisors LLC now owns 45,539 shares of the specialty chemicals company’s stock valued at $1,465,000 after buying an additional 1,205 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Koppers Holdings by 24.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,884 shares of the specialty chemicals company’s stock valued at $116,000 after buying an additional 570 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Koppers Holdings during the fourth quarter valued at $928,000. Comerica Bank raised its position in shares of Koppers Holdings by 1.4% in the fourth quarter. Comerica Bank now owns 47,226 shares of the specialty chemicals company’s stock valued at $1,924,000 after buying an additional 641 shares during the last quarter. Finally, State Street Corp raised its position in shares of Koppers Holdings by 4.7% in the fourth quarter. State Street Corp now owns 535,883 shares of the specialty chemicals company’s stock valued at $21,593,000 after buying an additional 23,884 shares during the last quarter. Institutional investors own 86.83% of the company’s stock.
About Koppers Holdings
Koppers Holdings Inc is a global integrated provider of treated wood products, wood treatment chemicals and carbon compounds. The Company operates through three segments: Railroad and Utility Products and Services (RUPS), Carbon Materials and Chemicals (CMC) and Performance Chemicals (PC). The RUPS business sells treated and untreated wood products, rail joint bars and services primarily to the railroad markets.
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