Koppers Holdings Inc. (NYSE:KOP) VP Acquires $347,040.00 in Stock
Koppers Holdings Inc. (NYSE:KOP) VP R. Michael Johnson bought 12,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were purchased at an average price of $28.92 per share, for a total transaction of $347,040.00. Following the completion of the acquisition, the vice president now owns 209,073 shares of the company’s stock, valued at approximately $6,046,391.16. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of NYSE:KOP traded down $1.34 on Wednesday, hitting $27.58. The company had a trading volume of 3,381 shares, compared to its average volume of 140,297. Koppers Holdings Inc. has a 1-year low of $15.00 and a 1-year high of $36.70. The company has a market cap of $575.25 million, a PE ratio of 7.88, a price-to-earnings-growth ratio of 0.46 and a beta of 1.10. The stock’s 50 day moving average is $27.47. The company has a current ratio of 2.01, a quick ratio of 1.00 and a debt-to-equity ratio of 10.54.
Koppers (NYSE:KOP) last released its quarterly earnings data on Thursday, August 8th. The specialty chemicals company reported $1.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.17. Koppers had a net margin of 1.76% and a return on equity of 77.19%. The firm had revenue of $469.80 million for the quarter, compared to the consensus estimate of $491.43 million. During the same period in the previous year, the company earned $0.93 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. On average, equities analysts predict that Koppers Holdings Inc. will post 3.39 EPS for the current year.
A number of brokerages recently weighed in on KOP. Barrington Research restated a “buy” rating and set a $35.00 target price on shares of Koppers in a report on Tuesday. Monness Crespi & Hardt restated a “buy” rating and set a $37.00 target price (up from $33.00) on shares of Koppers in a report on Friday, August 9th. Zacks Investment Research upgraded shares of Koppers from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Thursday, June 27th. Finally, ValuEngine downgraded shares of Koppers from a “sell” rating to a “strong sell” rating in a report on Friday, July 12th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $36.80.
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).
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