Koppers Holdings Inc. Plans Quarterly Dividend of $0.07 (NYSE:KOP)

Koppers Holdings Inc. (NYSE:KOP) declared a quarterly dividend on Thursday, May 2nd, Wall Street Journal reports. Stockholders of record on Friday, May 24th will be paid a dividend of 0.07 per share by the specialty chemicals company on Monday, June 10th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Thursday, May 23rd.

Koppers Stock Down 16.8 %

Shares of NYSE:KOP opened at $44.03 on Friday. The company has a quick ratio of 0.93, a current ratio of 2.14 and a debt-to-equity ratio of 1.66. Koppers has a fifty-two week low of $28.45 and a fifty-two week high of $58.23. The stock has a market cap of $925.95 million, a price-to-earnings ratio of 10.61 and a beta of 1.86. The firm’s 50 day moving average price is $53.83 and its 200 day moving average price is $48.69.

Koppers (NYSE:KOP) last released its quarterly earnings data on Wednesday, February 28th. The specialty chemicals company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.05). The firm had revenue of $513.20 million for the quarter, compared to analysts’ expectations of $483.67 million. Koppers had a return on equity of 20.10% and a net margin of 4.14%. Koppers’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the firm posted $1.09 earnings per share. As a group, equities research analysts predict that Koppers will post 4.57 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO M Leroy Ball sold 5,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $53.51, for a total transaction of $267,550.00. Following the completion of the transaction, the chief executive officer now directly owns 323,080 shares in the company, valued at approximately $17,288,010.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO M Leroy Ball sold 5,000 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $53.51, for a total value of $267,550.00. Following the sale, the chief executive officer now owns 323,080 shares of the company’s stock, valued at approximately $17,288,010.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Leslie S. Hyde sold 22,403 shares of Koppers stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $53.91, for a total transaction of $1,207,745.73. Following the sale, the senior vice president now owns 55,658 shares in the company, valued at $3,000,522.78. The disclosure for this sale can be found here. Insiders have sold a total of 31,591 shares of company stock worth $1,700,094 over the last quarter. 6.55% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

KOP has been the subject of a number of recent research reports. Barrington Research reiterated an “outperform” rating and set a $64.00 price target on shares of Koppers in a research note on Friday. Singular Research upgraded Koppers from a “hold” rating to a “buy” rating and set a $67.50 price objective for the company in a research report on Wednesday, March 13th.

Koppers Company Profile

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.