Koppers (NYSE:KOP) Insider Sells $375,000.00 in Stock

Koppers Holdings Inc. (NYSE:KOP) insider James Sullivan sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $50.00, for a total transaction of $375,000.00. Following the sale, the insider owned 82,898 shares of the company’s stock, valued at $4,144,900. This trade represents a 8.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Koppers Stock Performance

Shares of KOP stock opened at $46.92 on Friday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.01 and a current ratio of 2.33. The firm has a market cap of $887.18 million, a price-to-earnings ratio of -9.94, a P/E/G ratio of 11.34 and a beta of 1.25. Koppers Holdings Inc. has a 52 week low of $25.00 and a 52 week high of $53.00. The firm’s 50-day simple moving average is $46.95 and its two-hundred day simple moving average is $40.78.

Koppers (NYSE:KOP) last released its 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. Koppers had a negative net margin of 4.59% and a positive return on equity of 14.98%. The firm had revenue of $520.10 million during the quarter, compared to the consensus estimate of $506.10 million. During the same period in the prior year, the firm earned $1.48 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. Koppers has set its FY 2026 guidance at 3.800-4.200 EPS. As a group, equities analysts forecast that Koppers Holdings Inc. will post 4.08 earnings per share for the current year.

Koppers Announces Dividend

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

Institutional Trading of Koppers

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in Koppers in the 2nd quarter worth approximately $136,837,000. Pzena Investment Management LLC bought a new stake in Koppers during the 2nd quarter valued at $47,652,000. Simcoe Capital Management LLC bought a new stake in Koppers during the 4th quarter valued at $22,032,000. Bank of New York Mellon Corp purchased a new stake in shares of Koppers during the second quarter worth $9,993,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Koppers during the first quarter worth $6,269,000. 92.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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