Koppers Holdings Inc. (NYSE:KOP) Short Interest Update

Koppers Holdings Inc. (NYSE:KOP) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totalling 279,000 shares, a decline of 11.2% from the June 15th total of 314,300 shares. Based on an average daily trading volume, of 162,100 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.4% of the shares of the company are short sold.

Koppers Stock Performance

NYSE KOP traded up $0.67 during trading hours on Wednesday, hitting $39.04. 184,544 shares of the company’s stock traded hands, compared to its average volume of 147,271. Koppers has a 52 week low of $34.31 and a 52 week high of $58.23. The firm has a market capitalization of $827.65 million, a P/E ratio of 10.81 and a beta of 1.85. The company has a current ratio of 2.29, a quick ratio of 1.00 and a debt-to-equity ratio of 1.70. The business’s fifty day moving average price is $40.42 and its two-hundred day moving average price is $48.00.

Koppers (NYSE:KOP) last issued its quarterly earnings data on Friday, May 3rd. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $497.60 million during the quarter, compared to the consensus estimate of $497.00 million. Koppers had a net margin of 3.59% and a return on equity of 17.19%. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.12 EPS. Equities research analysts predict that Koppers will post 4.51 EPS for the current year.

Koppers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 24th were paid a dividend of $0.07 per share. The ex-dividend date was Thursday, May 23rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.72%. Koppers’s dividend payout ratio (DPR) is presently 7.89%.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $64.00 price objective on shares of Koppers in a report on Tuesday, May 28th.

Insiders Place Their Bets

In other news, CEO M Leroy Ball sold 2,500 shares of Koppers stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $42.36, for a total value of $105,900.00. Following the completion of the sale, the chief executive officer now directly owns 321,008 shares in the company, valued at $13,597,898.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 7,500 shares of company stock valued at $319,850. 6.55% of the stock is owned by insiders.

Institutional Investors Weigh In On Koppers

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Texas Permanent School Fund Corp increased its stake in shares of Koppers by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 18,224 shares of the specialty chemicals company’s stock worth $1,005,000 after purchasing an additional 236 shares in the last quarter. Quadrature Capital Ltd increased its stake in Koppers by 1.7% in the 4th quarter. Quadrature Capital Ltd now owns 15,379 shares of the specialty chemicals company’s stock worth $788,000 after buying an additional 251 shares in the last quarter. Illinois Municipal Retirement Fund raised its holdings in Koppers by 2.4% during the first quarter. Illinois Municipal Retirement Fund now owns 12,767 shares of the specialty chemicals company’s stock valued at $704,000 after acquiring an additional 302 shares during the period. Harbor Capital Advisors Inc. lifted its position in shares of Koppers by 4.1% in the second quarter. Harbor Capital Advisors Inc. now owns 10,972 shares of the specialty chemicals company’s stock valued at $406,000 after acquiring an additional 434 shares in the last quarter. Finally, Ables Iannone Moore & Associates Inc. bought a new position in shares of Koppers in the fourth quarter worth about $26,000. Institutional investors own 92.75% of the company’s stock.

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.