Koppers Holdings Inc. (NYSE:KOP) Director Stephen R. Tritch Sells 3,533 Shares of Stock

Koppers Holdings Inc. (NYSE:KOP) Director Stephen R. Tritch sold 3,533 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $37.08, for a total value of $131,003.64. Following the sale, the director now owns 47,737 shares in the company, valued at $1,770,087.96. The trade was a 6.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Koppers Price Performance

KOP stock opened at $37.56 on Thursday. The stock has a market capitalization of $761.20 million, a price-to-earnings ratio of 10.67 and a beta of 1.84. The firm’s 50-day moving average price is $36.50 and its two-hundred day moving average price is $38.36. The company has a current ratio of 2.54, a quick ratio of 1.13 and a debt-to-equity ratio of 1.83. Koppers Holdings Inc. has a 12-month low of $33.80 and a 12-month high of $58.23.

Koppers (NYSE:KOP) last announced its quarterly earnings results on Friday, November 8th. The specialty chemicals company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.12. Koppers had a return on equity of 16.71% and a net margin of 3.55%. The company had revenue of $554.30 million for the quarter, compared to the consensus estimate of $571.80 million. During the same quarter in the previous year, the business earned $1.32 EPS. Koppers’s revenue was up .7% compared to the same quarter last year. As a group, equities analysts predict that Koppers Holdings Inc. will post 4.24 earnings per share for the current year.

Koppers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, November 29th. Koppers’s payout ratio is 7.95%.

Analyst Ratings Changes

Several analysts have issued reports on KOP shares. StockNews.com raised Koppers from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Singular Research upgraded Koppers to a “strong-buy” rating in a report on Friday, September 20th. Finally, Barrington Research restated an “outperform” rating and set a $64.00 target price on shares of Koppers in a report on Tuesday, November 12th.

Hedge Funds Weigh In On Koppers

A number of institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Koppers by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,187,926 shares of the specialty chemicals company’s stock valued at $43,942,000 after buying an additional 18,469 shares in the last quarter. Pzena Investment Management LLC boosted its holdings in Koppers by 91.8% in the third quarter. Pzena Investment Management LLC now owns 770,169 shares of the specialty chemicals company’s stock worth $28,134,000 after acquiring an additional 368,709 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Koppers by 20.7% in the third quarter. Principal Financial Group Inc. now owns 568,787 shares of the specialty chemicals company’s stock worth $20,778,000 after acquiring an additional 97,586 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Koppers by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 424,871 shares of the specialty chemicals company’s stock valued at $15,521,000 after acquiring an additional 20,586 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Koppers by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 221,207 shares of the specialty chemicals company’s stock worth $8,182,000 after purchasing an additional 3,402 shares during the last quarter. 92.75% of the stock is owned by institutional investors.

About Koppers

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.