Koppers Holdings Inc. (KOP) Insider Steven R. Lacy Sells 6,631 Shares

Koppers Holdings Inc. (NYSE:KOP) insider Steven R. Lacy sold 6,631 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $29.80, for a total transaction of $197,603.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of KOP stock traded down $0.77 during trading hours on Friday, hitting $26.66. The company’s stock had a trading volume of 61,977 shares, compared to its average volume of 162,547. The company has a debt-to-equity ratio of 12.18, a current ratio of 1.97 and a quick ratio of 0.93. Koppers Holdings Inc. has a 12-month low of $15.00 and a 12-month high of $43.60. The company has a market capitalization of $551.56 million, a P/E ratio of 7.62, a price-to-earnings-growth ratio of 0.44 and a beta of 1.15.

Koppers (NYSE:KOP) last posted its earnings results on Friday, May 3rd. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.05. Koppers had a net margin of 0.98% and a return on equity of 72.67%. The firm had revenue of $434.90 million during the quarter, compared to analysts’ expectations of $413.87 million. During the same period in the previous year, the business posted $1.18 EPS. The business’s revenue was up 7.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Koppers Holdings Inc. will post 3.37 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its stake in shares of Koppers by 41.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,256 shares of the specialty chemicals company’s stock valued at $90,000 after purchasing an additional 1,552 shares during the period. Metropolitan Life Insurance Co. NY lifted its stake in shares of Koppers by 351.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,802 shares of the specialty chemicals company’s stock valued at $116,000 after purchasing an additional 5,296 shares during the period. BNP Paribas Arbitrage SA lifted its stake in shares of Koppers by 475.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,639 shares of the specialty chemicals company’s stock valued at $121,000 after purchasing an additional 3,833 shares during the period. Oregon Public Employees Retirement Fund acquired a new position in shares of Koppers in the 4th quarter valued at $133,000. Finally, SEI Investments Co acquired a new position in shares of Koppers in the 1st quarter valued at $150,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Several analysts have recently commented on KOP shares. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $33.00 price objective (up from $28.00) on shares of Koppers in a report on Monday, March 4th. ValuEngine raised shares of Koppers from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 8th. Barrington Research reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Koppers in a report on Monday, March 4th. Zacks Investment Research raised shares of Koppers from a “sell” rating to a “hold” rating and set a $33.00 price objective on the stock in a report on Wednesday, May 8th. Finally, TheStreet raised shares of Koppers from a “d+” rating to a “c” rating in a report on Friday, March 22nd. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $36.40.

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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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Insider Buying and Selling by Quarter for Koppers (NYSE:KOP)

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