Koppers (NYSE:KOP) CEO M Leroy Ball Sells 3,000 Shares

Koppers Holdings Inc. (NYSE:KOP) CEO M Leroy Ball sold 3,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $45.84, for a total value of $137,520.00. Following the completion of the transaction, the chief executive officer directly owned 433,555 shares of the company’s stock, valued at approximately $19,874,161.20. The trade was a 0.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

M Leroy Ball also recently made the following trade(s):

• On Thursday, June 18th, M Leroy Ball sold 3,412 shares of Koppers stock. The stock was sold at an average price of $43.90, for a total value of $149,786.80.

Koppers Price Performance

Shares of KOP stock opened at $45.89 on Friday. The stock’s fifty day simple moving average is $47.29 and its 200 day simple moving average is $41.33. The company has a debt-to-equity ratio of 2.31, a current ratio of 2.33 and a quick ratio of 1.01. The firm has a market cap of $867.78 million, a price-to-earnings ratio of -9.72, a P/E/G ratio of 11.01 and a beta of 1.25. Koppers Holdings Inc. has a one year low of $25.00 and a one year high of $53.00.

Koppers (NYSE:KOP) last announced its quarterly earnings results on Thursday, August 6th. The specialty chemicals company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.25. The firm had revenue of $520.10 million for the quarter, compared to analysts’ expectations of $506.10 million. Koppers had a positive return on equity of 14.98% and a negative net margin of 4.59%.The business’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.48 earnings per share. Koppers has set its FY 2026 guidance at 3.800-4.200 EPS. On average, analysts expect that Koppers Holdings Inc. will post 4.08 earnings per share for the current fiscal year.

Koppers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Friday, August 28th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. Koppers’s dividend payout ratio is presently -7.63%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in Koppers during the 2nd quarter worth about $136,837,000. Pzena Investment Management LLC acquired a new stake in Koppers in the 2nd quarter valued at about $47,652,000. Simcoe Capital Management LLC bought a new position in shares of Koppers in the fourth quarter worth about $22,032,000. Bank of New York Mellon Corp bought a new position in shares of Koppers in the second quarter worth about $9,993,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Koppers in the first quarter worth about $6,269,000. 92.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on KOP shares. Wall Street Zen downgraded shares of Koppers from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. Singular Research raised shares of Koppers to a “strong-buy” rating in a research note on Friday, May 15th. Barrington Research reaffirmed an “outperform” rating and set a $55.00 price objective on shares of Koppers in a report on Monday, May 4th. Finally, Weiss Ratings cut shares of Koppers from a “hold (c+)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $55.00.

About Koppers

Koppers Company, Inc is a global specialty chemicals and materials manufacturer serving diverse industrial markets. The company operates through two primary segments: Carbon Materials & Chemicals, which produces a range of coal tar–based products, phenolic specialties and carbon compounds; and Railroad Products & Services, which offers wood treating and infrastructure services for rail and utility customers.

In its Carbon Materials & Chemicals segment, Koppers supplies coal tar pitch, refined creosote, coal tar‐based distillates and phenolic resins used in aluminum smelting, graphite electrode manufacture, carbon fiber production, and water treatment applications.