KMG Chemicals, Inc. (KMG) Major Shareholder David L. Hatcher Sells 3,000 Shares of Stock
KMG Chemicals, Inc. (NYSE:KMG) major shareholder David L. Hatcher sold 3,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $54.34, for a total value of $163,020.00. Following the transaction, the insider now directly owns 1,433,097 shares in the company, valued at $77,874,490.98. The sale was disclosed in a filing with the SEC, which is available through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
KMG Chemicals, Inc. (NYSE:KMG) traded up $0.33 during trading on Friday, reaching $54.27. The company’s stock had a trading volume of 37,527 shares, compared to its average volume of 101,357. The company has a current ratio of 2.52, a quick ratio of 1.64 and a debt-to-equity ratio of 3.01. The stock has a market cap of $828.82, a P/E ratio of 23.76 and a beta of 0.56. KMG Chemicals, Inc. has a twelve month low of $32.05 and a twelve month high of $61.10.
KMG Chemicals (NYSE:KMG) last posted its quarterly earnings results on Monday, October 16th. The specialty chemicals company reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.16. The business had revenue of $96.26 million for the quarter, compared to the consensus estimate of $96.00 million. KMG Chemicals had a return on equity of 17.45% and a net margin of 7.09%. The business’s revenue was up 27.8% on a year-over-year basis. analysts expect that KMG Chemicals, Inc. will post 2.76 EPS for the current fiscal year.
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A number of institutional investors have recently bought and sold shares of KMG. Wells Fargo & Company MN grew its stake in KMG Chemicals by 2,650.2% during the 2nd quarter. Wells Fargo & Company MN now owns 295,319 shares of the specialty chemicals company’s stock valued at $14,373,000 after purchasing an additional 284,581 shares during the last quarter. Acadian Asset Management LLC grew its stake in KMG Chemicals by 108.7% during the 2nd quarter. Acadian Asset Management LLC now owns 402,356 shares of the specialty chemicals company’s stock valued at $19,582,000 after purchasing an additional 209,577 shares during the last quarter. Numeric Investors LLC grew its stake in KMG Chemicals by 82.6% during the 2nd quarter. Numeric Investors LLC now owns 261,829 shares of the specialty chemicals company’s stock valued at $12,743,000 after purchasing an additional 118,440 shares during the last quarter. Ameriprise Financial Inc. grew its stake in KMG Chemicals by 184.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 117,193 shares of the specialty chemicals company’s stock valued at $6,432,000 after purchasing an additional 76,047 shares during the last quarter. Finally, EAM Investors LLC purchased a new stake in KMG Chemicals during the 2nd quarter valued at about $3,533,000. Institutional investors and hedge funds own 56.85% of the company’s stock.
Several research analysts recently issued reports on KMG shares. Zacks Investment Research lowered KMG Chemicals from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th. BidaskClub lowered KMG Chemicals from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, KeyCorp started coverage on KMG Chemicals in a research report on Tuesday. They set an “overweight” rating and a $63.00 target price on the stock.
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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