Thomas D. Loadman Sells 800 Shares of Koppers Holdings Inc. (KOP) Stock
Koppers Holdings Inc. (NYSE:KOP) VP Thomas D. Loadman sold 800 shares of the stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $37.14, for a total value of $29,712.00. Following the completion of the transaction, the vice president now owns 36,596 shares in the company, valued at approximately $1,359,175.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Koppers Holdings Inc. (NYSE:KOP) traded down 0.90% on Tuesday, hitting $38.70. The stock had a trading volume of 15,538 shares. Koppers Holdings Inc. has a 1-year low of $13.58 and a 1-year high of $39.35. The stock has a 50 day moving average price of $33.71 and a 200 day moving average price of $30.88. The company’s market cap is $799.62 million.
Koppers Holdings (NYSE:KOP) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.34. The business earned $371.10 million during the quarter, compared to the consensus estimate of $373.40 million. Koppers Holdings had a negative net margin of 4.42% and a positive return on equity of 1,225.00%. The firm’s quarterly revenue was down 14.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 earnings per share. On average, equities research analysts expect that Koppers Holdings Inc. will post $2.45 EPS for the current fiscal year.
KOP has been the topic of several recent research reports. Zacks Investment Research upgraded Koppers Holdings from a “hold” rating to a “strong-buy” rating and set a $39.00 price target on the stock in a report on Thursday, October 20th. Jefferies Group reiterated a “buy” rating and issued a $40.00 price target on shares of Koppers Holdings in a report on Monday, November 7th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $37.80.
A number of hedge funds have recently made changes to their positions in the company. Emerald Acquisition Ltd. purchased a new stake in shares of Koppers Holdings during the second quarter valued at about $2,197,000. Societe Generale purchased a new stake in shares of Koppers Holdings during the second quarter valued at about $109,000. Emerald Advisers Inc. PA increased its stake in shares of Koppers Holdings by 96.0% in the second quarter. Emerald Advisers Inc. PA now owns 114,929 shares of the company’s stock valued at $3,532,000 after buying an additional 56,305 shares during the last quarter. Emerald Mutual Fund Advisers Trust increased its stake in shares of Koppers Holdings by 6.7% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 11,281 shares of the company’s stock valued at $347,000 after buying an additional 710 shares during the last quarter. Finally, American Century Companies Inc. purchased a new stake in shares of Koppers Holdings during the second quarter valued at about $1,935,000. 87.53% of the stock is owned by institutional investors and hedge funds.
Koppers Holdings Company Profile
Koppers Holdings Inc is an integrated global provider of treated wood products, wood treatment chemicals and carbon compounds. The Company operates through three business segments: Railroad and Utility Products and Services (RUPS), Carbon Materials and Chemicals (CMC) and Performance Chemicals (PC). The Railroad and Utility Products and Services segment sells treated and untreated wood products, rail joint bars and services primarily to the railroad industry and treated wood products to the utility industry.
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