An Insider At Koppers Holdings Lowered Their Holding Recently
Insiders were net sellers of Koppers Holdings Inc.'s (NYSE:KOP ) stock during the past year. That is, insiders sold more stock than they bought.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.
The Last 12 Months Of Insider Transactions At Koppers Holdings
In the last twelve months, the biggest single sale by an insider was when the Chairman, Leroy Ball, sold US$111k worth of shares at a price of US$30.07 per share. That means that even when the share price was below the current price of US$32.30, an insider wanted to cash in some shares. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. It is worth noting that this sale was only 1.0% of Leroy Ball's holding. Leroy Ball was the only individual insider to sell shares in the last twelve months.
Leroy Ball ditched 6.23k shares over the year. The average price per share was US$29.75. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
View our latest analysis for Koppers Holdings
I will like Koppers Holdings better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.
Insider Ownership
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Koppers Holdings insiders own about US$33m worth of shares. That equates to 5.4% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Do The Koppers Holdings Insider Transactions Indicate?
The fact that there have been no Koppers Holdings insider transactions recently certainly doesn't bother us. We don't take much encouragement from the transactions by Koppers Holdings insiders. But it's good to see that insiders own shares in the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Koppers Holdings. To that end, you should learn about the 3 warning signs we've spotted with Koppers Holdings (including 1 which doesn't sit too well with us).
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.