R. Michael Johnson Acquires 20,000 Shares of Koppers Holdings Inc. (KOP) Stock

Koppers Holdings Inc. (NYSE:KOP) VP R. Michael Johnson purchased 20,000 shares of Koppers stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average price of $25.50 per share, with a total value of $510,000.00. Following the completion of the purchase, the vice president now directly owns 183,787 shares in the company, valued at $4,686,568.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

R. Michael Johnson also recently made the following trade(s):

  • On Monday, December 17th, R. Michael Johnson purchased 50,000 shares of Koppers stock. The stock was purchased at an average price of $17.35 per share, with a total value of $867,500.00.

NYSE KOP traded down $0.22 during midday trading on Friday, hitting $25.21. The company had a trading volume of 421 shares, compared to its average volume of 198,526. The stock has a market capitalization of $522.56 million, a PE ratio of 7.28, a P/E/G ratio of 0.45 and a beta of 1.14. The company has a debt-to-equity ratio of 14.61, a current ratio of 1.81 and a quick ratio of 0.86. Koppers Holdings Inc. has a twelve month low of $15.00 and a twelve month high of $46.30.

Koppers (NYSE:KOP) last announced its quarterly earnings data on Friday, March 1st. The specialty chemicals company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.15. The firm had revenue of $425.40 million during the quarter, compared to analysts’ expectations of $432.00 million. Koppers had a return on equity of 81.39% and a net margin of 1.37%. The company’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.40 EPS. On average, equities analysts expect that Koppers Holdings Inc. will post 3.15 EPS for the current year.

KOP has been the subject of several recent research reports. Monness Crespi & Hardt restated a “buy” rating and issued a $33.00 price target (up from $28.00) on shares of Koppers in a research note on Monday, March 4th. TheStreet downgraded Koppers from a “c-” rating to a “d+” rating in a research note on Friday, December 7th. Finally, Barrington Research restated a “buy” rating on shares of Koppers in a research note on Monday, December 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. Koppers currently has an average rating of “Buy” and an average target price of $37.60.

A number of hedge funds and other institutional investors have recently made changes to their positions in KOP. PNC Financial Services Group Inc. raised its holdings in shares of Koppers by 41.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,256 shares of the specialty chemicals company’s stock worth $90,000 after buying an additional 1,552 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its position in Koppers by 351.7% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,802 shares of the specialty chemicals company’s stock worth $116,000 after acquiring an additional 5,296 shares during the last quarter. Oregon Public Employees Retirement Fund bought a new stake in Koppers during the 4th quarter worth $133,000. Squarepoint Ops LLC bought a new stake in Koppers during the 4th quarter worth $224,000. Finally, Jefferies Group LLC bought a new stake in Koppers during the 3rd quarter worth $233,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

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Koppers Company Profile

Koppers Holdings Inc, through its subsidiaries, provides treated wood products, wood treatment chemicals, and carbon compounds in the United States and internationally. The company operates through three segments: Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC).

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