KMG Chemicals, Inc. (NYSE:KMG) major shareholder David L. Hatcher sold 15,000 shares of KMG Chemicals stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $64.12, for a total transaction of $961,800.00. Following the completion of the transaction, the insider now directly owns 1,226,097 shares in the company, valued at $78,617,339.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
KMG Chemicals, Inc. (NYSE KMG) traded up $0.48 during mid-day trading on Thursday, reaching $65.94. 116,000 shares of the company’s stock traded hands, compared to its average volume of 152,557. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.87 and a quick ratio of 1.92. The company has a market capitalization of $1,010.00, a P/E ratio of 34.52 and a beta of 0.53. KMG Chemicals, Inc. has a 12 month low of $36.29 and a 12 month high of $68.13.
KMG Chemicals (NYSE:KMG) last posted its earnings results on Monday, December 11th. The specialty chemicals company reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.20. The company had revenue of $110.70 million during the quarter, compared to the consensus estimate of $106.60 million. KMG Chemicals had a net margin of 6.46% and a return on equity of 15.41%. The firm’s quarterly revenue was up 44.7% compared to the same quarter last year. sell-side analysts expect that KMG Chemicals, Inc. will post 3.17 earnings per share for the current fiscal year.
A number of research analysts recently commented on the stock. KeyCorp reaffirmed a “buy” rating and set a $70.00 price objective (up from $63.00) on shares of KMG Chemicals in a research report on Wednesday, December 13th. Zacks Investment Research raised shares of KMG Chemicals from a “sell” rating to a “hold” rating and set a $70.00 price objective on the stock in a research report on Thursday, December 14th. Finally, ValuEngine downgraded shares of KMG Chemicals from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $70.00.
Several institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in shares of KMG Chemicals by 7.6% in the second quarter. Dimensional Fund Advisors LP now owns 608,368 shares of the specialty chemicals company’s stock worth $29,609,000 after buying an additional 43,214 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of KMG Chemicals by 10.2% in the second quarter. Vanguard Group Inc. now owns 376,332 shares of the specialty chemicals company’s stock worth $18,316,000 after buying an additional 34,875 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of KMG Chemicals by 5.8% in the third quarter. Wells Fargo & Company MN now owns 312,563 shares of the specialty chemicals company’s stock worth $17,154,000 after buying an additional 17,244 shares during the last quarter. Numeric Investors LLC lifted its stake in shares of KMG Chemicals by 82.6% in the second quarter. Numeric Investors LLC now owns 261,829 shares of the specialty chemicals company’s stock worth $12,743,000 after buying an additional 118,440 shares during the last quarter. Finally, State Street Corp raised its stake in KMG Chemicals by 15.4% during the 2nd quarter. State Street Corp now owns 162,609 shares of the specialty chemicals company’s stock valued at $7,916,000 after purchasing an additional 21,712 shares during the last quarter. Institutional investors and hedge funds own 56.17% of the company’s stock.
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About KMG Chemicals
KMG Chemicals, Inc manufactures, formulates and globally distributes specialty chemicals. The Company operates businesses selling electronic chemicals, industrial wood treating chemicals, and industrial valve lubricants and sealants. The Company operates through two segments: Electronic chemicals and Other chemicals.
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