Koppers Holdings Inc. (NYSE:KOP) Declares $0.07 Quarterly Dividend

Koppers Holdings Inc. (NYSE:KOP) declared a quarterly dividend on Friday, May 3rd, Wall Street Journal reports. Shareholders of record on Friday, May 24th will be paid a dividend of 0.07 per share by the specialty chemicals company on Monday, June 10th. This represents a $0.28 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend is Thursday, May 23rd.

Koppers Stock Performance

Shares of NYSE KOP traded down $8.88 during midday trading on Friday, hitting $44.03. The company’s stock had a trading volume of 328,272 shares, compared to its average volume of 128,553. The stock has a fifty day moving average price of $53.99 and a 200 day moving average price of $48.65. The firm has a market capitalization of $925.86 million, a price-to-earnings ratio of 10.61 and a beta of 1.86. Koppers has a one year low of $28.45 and a one year high of $58.23. The company has a current ratio of 2.14, a quick ratio of 0.93 and a debt-to-equity ratio of 1.66.

Koppers (NYSE:KOP) last released its quarterly earnings data on Wednesday, February 28th. The specialty chemicals company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.05). The company had revenue of $513.20 million for the quarter, compared to the consensus estimate of $483.67 million. Koppers had a net margin of 4.14% and a return on equity of 20.10%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.09 earnings per share. On average, research analysts forecast that Koppers will post 4.57 EPS for the current fiscal year.

Insider Activity at Koppers

In other news, COO James A. Sullivan sold 700 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $54.01, for a total transaction of $37,807.00. Following the transaction, the chief operating officer now directly owns 111,192 shares in the company, valued at approximately $6,005,479.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Leslie S. Hyde sold 22,403 shares of Koppers stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $53.91, for a total value of $1,207,745.73. Following the transaction, the senior vice president now owns 55,658 shares in the company, valued at $3,000,522.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO James A. Sullivan sold 700 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $54.01, for a total value of $37,807.00. Following the sale, the chief operating officer now owns 111,192 shares of the company’s stock, valued at $6,005,479.92. The disclosure for this sale can be found here. Insiders have sold a total of 31,591 shares of company stock valued at $1,700,094 over the last 90 days. 6.55% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Singular Research raised shares of Koppers from a “hold” rating to a “buy” rating and set a $67.50 price target on the stock in a report on Wednesday, March 13th. Barrington Research restated an “outperform” rating and issued a $64.00 target price on shares of Koppers in a research note on Friday. One investment analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Koppers presently has a consensus rating of “Moderate Buy” and an average target price of $60.50.

Koppers Company Profile

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