Koppers Holdings Inc . (NYSE:KOP) CEO, M Leroy Ball (NYSE:BALL), has recently sold a total of 5,000 shares of company stock, accumulating over $213,000 in transaction value. The sales took place on May 24 and May 28, with prices ranging from $42.36 to $43.13 per share.
On May 24, Ball sold 2,500 shares at an average price of $43.13, while on May 28, another batch of 2,500 shares was sold at prices that varied from $41.84 to $42.72. Additionally, on the same dates, Ball also exercised options and acquired 5,000 shares of Koppers Holdings stock at a set price of $17.57 per share, amounting to a total of $87,850 for these transactions.
Koppers Holdings, a Pittsburgh-based company specializing in lumber and wood products, has seen its shares transacted by the CEO in a series of planned sales. These transactions are part of the normal course of action for many executives with access to stock options as part of their compensation package.
Investors often monitor insider transactions as they can provide insights into the company's performance and executives' perspectives on the stock's value. The recent activities by the CEO of Koppers Holdings signify notable changes in his holdings of the company's stock, which are duly reported for transparency and regulatory compliance.
It's important to note that the CEO maintains a significant number of shares following these transactions, indicating a continued vested interest in the company's success. The details of these transactions, including the exact number of shares sold at varying prices, are available upon request from the Securities and Exchange Commission or Koppers Holdings Inc.
These transactions are executed in accordance with market regulations, and all necessary disclosures have been made in the company's filings. Investors and shareholders can access full details of these insider transactions through the SEC's database or the company's investor relations page.
InvestingPro Insights
Amid the recent insider trading activity at Koppers Holdings Inc. (NYSE:KOP), investors are closely watching the company's performance metrics. According to InvestingPro data, Koppers Holdings currently boasts a Market Cap of approximately $895.92 million USD, with a Price/Earnings (P/E) Ratio of 11.52. This valuation comes in the wake of a Revenue Growth of 5.1% over the last twelve months as of Q1 2024, suggesting a steady business expansion.
Despite the CEO's share sales, Koppers Holdings' financial health appears robust, with Gross Profit Margin standing at 19.48% for the same period. Additionally, the company's stock price has experienced significant volatility, as indicated by a 1 Month Price Total Return of -21.44% and a 3 Month Price Total Return of -25.71% as of the date of the last available data.
InvestingPro Tips provide further context to these figures. Management's aggressive share buyback strategy could signal confidence in the company's future, while the Relative Strength Index (RSI) suggests that the stock is currently in oversold territory. For investors seeking a deeper analysis, there are more InvestingPro Tips available, including insights on the company's P/E ratio in relation to near-term earnings growth and stock price movements. Access additional tips for Koppers Holdings at https://www.investing.com/pro/KOP and use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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