Koppers Holdings Inc. (KOP) Files Form 4 Insider Buying : Stephen C Reeder Buys 475 Shares

Koppers Holdings Inc. (KOP): Stephen C Reeder , SVP, Performance Chemicals of Koppers Holdings Inc. purchased 475 shares on May 31, 2016. The Insider buying transaction was reported by the company on Jun 1, 2016 to the Securities and Exchange Commission. The shares were purchased at $25.19 per share for a total value of $11,965.25 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 26, 2016, Markus G Spiess (VP, Global Sales and Marketing) sold 4,551 shares at $25.16 per share price.On May 24, 2016, Louis L Testoni (director) purchased 4,100 shares at $24.68 per share price.Also, On May 20, 2016, Albert J Neupaver (director) purchased 3,000 shares at $23.80 per share price.On Dec 1, 2015, Stephen R Tritch (director) sold 6,381 shares at $22.68 per share price.

Shares of Koppers Holdings (KOP) ended Friday, May 27, 2016 session in red amid volatile trading. The shares closed down -0.01 points or -0.04% at $25.23 with 51,354 shares getting traded. Post opening the session at $25.3, the shares hit an intraday low of $25.02 and an intraday high of $25.38 and the price vacillated in this range throughout the day. The company has a market cap of $520 M and the number of outstanding shares has been calculated to be 2,06,22,272 shares. The 52-week high of Koppers Holdings is $27.38 and the 52-week low is $13.58.

Koppers Holdings Money Flow Index Chart

Company has been under the radar of several Street Analysts.Koppers Holdings is Reiterated by Monness Crespi & Hardt to Buy and the brokerage firm has raised the Price Target to $ 32 from a previous price target of $27 .The Rating was issued on May 9, 2016.Koppers Holdings is Upgraded by Monness Crespi & Hardt to Buy and the brokerage firm has set the Price Target at $27. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Mar 14, 2016.

Koppers Holdings Inc. (Koppers) is an integrated global provider of carbon compounds chemicals and treated wood products and services. Koppers’ products and services are used in various end-markets including the aluminum railroad specialty chemical utility rubber concrete steel residential lumber and agricultural industries. Koppers operates through three segments: Carbon Materials and Chemicals (CMC) Railroad and Utility Products and Services (RUPS) and Performance Chemicals (PC). The CMC segment is primarily a manufacturer of carbon pitch naphthalene phthalic anhydride creosote and carbon black feedstock. The RUPS segment sells treated and untreated wood products manufactured products and services primarily to the railroad and public utility markets. The PC segment sells preservatives for residential and agricultural treated lumber that includes decking and fencing. Koppers has manufacturing facilities in North America South America Australasia China and Europe.

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