Koppers Holdings Inc. (KOP) CFO Purchases $171,000.00 in Stock

Share on StockTwits

Koppers Holdings Inc. (NYSE:KOP) CFO Michael Zugay acquired 10,000 shares of the stock in a transaction on Tuesday, December 18th. The stock was bought at an average cost of $17.10 per share, for a total transaction of $171,000.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of KOP traded up $1.61 during trading hours on Wednesday, hitting $18.35. The company’s stock had a trading volume of 819 shares, compared to its average volume of 293,119. The company has a market capitalization of $351.72 million, a price-to-earnings ratio of 4.90, a PEG ratio of 0.28 and a beta of 0.84. The company has a quick ratio of 1.12, a current ratio of 2.14 and a debt-to-equity ratio of 12.97. Koppers Holdings Inc. has a 52-week low of $16.09 and a 52-week high of $51.60.

Koppers (NYSE:KOP) last posted its earnings results on Thursday, November 8th. The specialty chemicals company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.38). The business had revenue of $442.70 million during the quarter, compared to analysts’ expectations of $502.63 million. Koppers had a return on equity of 70.26% and a net margin of 0.68%. Koppers’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.43 EPS. On average, sell-side analysts expect that Koppers Holdings Inc. will post 3.34 earnings per share for the current fiscal year.

Several brokerages have commented on KOP. TheStreet lowered shares of Koppers from a “c-” rating to a “d+” rating in a research report on Friday, December 7th. Barrington Research reaffirmed a “buy” rating on shares of Koppers in a research report on Monday, December 3rd. Zacks Investment Research lowered shares of Koppers from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 13th. Monness Crespi & Hardt raised shares of Koppers from a “neutral” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Tuesday, November 13th. Finally, B. Riley reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Koppers in a research report on Friday, November 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $37.40.

Several institutional investors and hedge funds have recently bought and sold shares of KOP. Comerica Bank increased its stake in shares of Koppers by 6.8% in the second quarter. Comerica Bank now owns 34,936 shares of the specialty chemicals company’s stock worth $1,324,000 after purchasing an additional 2,216 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Koppers by 67.2% in the second quarter. First Trust Advisors LP now owns 33,362 shares of the specialty chemicals company’s stock worth $1,279,000 after purchasing an additional 13,404 shares in the last quarter. Alps Advisors Inc. increased its stake in shares of Koppers by 11.5% in the second quarter. Alps Advisors Inc. now owns 19,642 shares of the specialty chemicals company’s stock worth $753,000 after purchasing an additional 2,033 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Koppers by 4.2% in the second quarter. Rhumbline Advisers now owns 50,908 shares of the specialty chemicals company’s stock worth $1,952,000 after purchasing an additional 2,060 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Koppers in the second quarter worth about $215,000. Hedge funds and other institutional investors own 87.65% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Koppers Holdings Inc. (KOP) CFO Purchases $171,000.00 in Stock” was originally reported by Week Herald and is the property of of Week Herald. If you are viewing this report on another website, it was copied illegally and republished in violation of international trademark and copyright laws. The legal version of this report can be read at https://weekherald.com/2018/12/19/koppers-holdings-inc-kop-cfo-purchases-171000-00-in-stock.html.

Koppers Company Profile

Koppers Holdings Inc, through its subsidiaries, provides treated wood products, wood treatment chemicals, and carbon compounds in the United States and internationally. The company operates through three segments: Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC).

Featured Story: What are the benefits of a balanced fund?

Insider Buying and Selling by Quarter for Koppers (NYSE:KOP)

Receive News & Ratings for Koppers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Koppers and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply