PITTSBURGH—Bradley A. Pearce, the Chief Accounting Officer of Koppers Holdings Inc . (NYSE:KOP), recently sold 3,000 shares of the company's common stock. The shares were sold on November 12 at a weighted average price of $37.19, totaling approximately $111,570.
According to the filing, the shares were sold in multiple transactions at prices ranging from $36.98 to $37.58. Following this sale, Pearce holds 26,466 shares of Koppers Holdings.
Koppers Holdings, headquartered in Pittsburgh, is a global provider of treated wood products, wood treatment chemicals, and carbon compounds. The company is incorporated in Pennsylvania and operates within the lumber and wood products industry.
In other recent news, Koppers Holdings Inc. reported record third-quarter sales of $554.3 million, marking an increase from the previous year. The company also achieved a record adjusted EBITDA of $77.4 million. However, diluted earnings per share decreased to $1.09. Despite facing challenges in the utility pole business and Performance Chemicals segment, Koppers has outlined a positive outlook for 2025, with plans for aggressive growth and cost reductions. The company is also focusing on acquisitions, particularly in the utility sector. In terms of future expectations, the company anticipates a healthier utility market and modest demand growth for 2025. The recent developments also indicate Koppers' plans for expansion in Texas and the Midwest, with a focus on infrastructure build-out and broadband expansion.
InvestingPro Insights
While Bradley A. Pearce's recent sale of 3,000 shares might raise eyebrows, it's important to consider the broader financial picture of Koppers Holdings Inc. (NYSE:KOP). According to InvestingPro data, the company's market capitalization stands at $766.77 million, with a price-to-earnings (P/E) ratio of 10.4, suggesting a potentially undervalued stock relative to earnings.
InvestingPro Tips highlight that Koppers has been profitable over the last twelve months and has raised its dividend for three consecutive years. This consistent profitability and commitment to shareholder returns could be seen as positive signals for investors, despite the insider sale.
The company's revenue for the last twelve months as of Q3 2024 was $2.13 billion, with a modest growth of 0.22%. More impressively, Koppers' EBITDA grew by 7.18% over the same period, indicating improved operational efficiency.
It's worth noting that analysts predict the company will remain profitable this year, as per another InvestingPro Tip. This outlook, combined with the fact that Koppers' liquid assets exceed short-term obligations, suggests a stable financial position.
For investors seeking a more comprehensive analysis, InvestingPro offers additional tips and insights. In fact, there are 6 more InvestingPro Tips available for Koppers Holdings, providing a deeper dive into the company's financial health and market position.
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