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.

Several large investors have recently added to or reduced their stakes in the business. Texas Permanent School Fund increased its holdings in shares of Koppers by 4.0% in the first quarter. Texas Permanent School Fund now owns 13,952 shares of the specialty chemicals company’s stock valued at $362,000 after purchasing an additional 532 shares during the last quarter. Zeke Capital Advisors LLC increased its holdings in shares of Koppers by 3.2% in the second quarter. Zeke Capital Advisors LLC now owns 18,346 shares of the specialty chemicals company’s stock valued at $539,000 after purchasing an additional 576 shares during the last quarter. Comerica Bank increased its holdings in shares of Koppers by 2.0% in the first quarter. Comerica Bank now owns 32,852 shares of the specialty chemicals company’s stock valued at $899,000 after purchasing an additional 658 shares during the last quarter. Investors Research Corp increased its holdings in shares of Koppers by 3.9% in the second quarter. Investors Research Corp now owns 18,700 shares of the specialty chemicals company’s stock valued at $549,000 after purchasing an additional 700 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Koppers by 0.4% in the second quarter. Northern Trust Corp now owns 294,667 shares of the specialty chemicals company’s stock valued at $8,651,000 after purchasing an additional 1,293 shares during the last quarter. Hedge funds and other institutional investors own 93.23% of the company’s stock.

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.

About Koppers

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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