Koppers Holdings Inc. (NYSE:KOP) VP Steven R. Lacy sold 4,000 shares of Koppers Holdings stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $38.91, for a total value of $155,640.00. Following the completion of the sale, the vice president now owns 47,118 shares of the company’s stock, valued at $1,833,361.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Koppers Holdings Inc. (NYSE:KOP) opened at 40.35 on Monday. Koppers Holdings Inc. has a one year low of $13.58 and a one year high of $40.95. The company’s market capitalization is $833.71 million. The firm has a 50-day moving average of $34.39 and a 200-day moving average of $31.16.
Koppers Holdings (NYSE:KOP) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.34. The business earned $371.10 million during the quarter, compared to analysts’ expectations of $373.40 million. Koppers Holdings had a positive return on equity of 1,225.00% and a negative net margin of 4.42%. The company’s revenue was down 14.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.66 EPS. On average, analysts anticipate that Koppers Holdings Inc. will post $2.45 earnings per share for the current year.
Several research firms recently weighed in on KOP. Jefferies Group restated a “buy” rating and issued a $40.00 price objective on shares of Koppers Holdings in a report on Monday, November 7th. Zacks Investment Research upgraded Koppers Holdings from a “hold” rating to a “strong-buy” rating and set a $38.00 price objective for the company in a report on Saturday, August 6th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $37.80.
Institutional investors have recently added to or reduced their stakes in the company. Societe Generale acquired a new position in Koppers Holdings during the second quarter worth $109,000. SG Americas Securities LLC acquired a new position in Koppers Holdings during the second quarter worth $109,000. Public Employees Retirement System of Ohio boosted its position in Koppers Holdings by 1.0% in the second quarter. Public Employees Retirement System of Ohio now owns 3,795 shares of the company’s stock worth $117,000 after buying an additional 38 shares in the last quarter. Mason Street Advisors LLC acquired a new position in Koppers Holdings during the second quarter worth $124,000. Finally, BlackRock Inc. boosted its position in Koppers Holdings by 68.9% in the second quarter. BlackRock Inc. now owns 4,147 shares of the company’s stock worth $128,000 after buying an additional 1,692 shares in the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.
Koppers Holdings Company Profile