Koppers Holdings (KOP) was Downgraded by Wunderlich to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Wunderlich advised their investors in a research report released on Nov 29, 2016.
On the company’s financial health, Koppers Holdings reported $0.99 EPS for the quarter, beating the analyst consensus estimate by $ 0.34 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $0.65. The company had revenue of $371.10 million for the quarter, compared to analysts expectations of $373.40 million. The company’s revenue was down -14.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.66 EPS.
Koppers Holdings closed down -0.15 points or -0.37% at $40.35 with 41,294 shares getting traded on Friday. Post opening the session at $40.6, the shares hit an intraday low of $40.05 and an intraday high of $40.6 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Nov 23, 2016, Steven R Lacy (Sr. VP, Admin., GC & Sec) sold 4,000 shares at $38.91 per share price. According to the SEC, on Nov 22, 2016, Thomas D Loadman (VP & Gen Mgr, RP&S Div) sold 800 shares at $37.14 per share price. On Nov 21, 2016, Stephen C Reeder (SVP, Performance Chemicals) purchased 1,330 shares at $37.72 per share price, according to the Form-4 filing with the securities and exchange commission.
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.