KMG Chemicals, Inc. (KMG) Major Shareholder David L. Hatcher Sells 45,000 Shares

KMG Chemicals, Inc. (NYSE:KMG) major shareholder David L. Hatcher sold 45,000 shares of KMG Chemicals stock in a transaction on Friday, January 5th. The shares were sold at an average price of $64.77, for a total value of $2,914,650.00. Following the sale, the insider now directly owns 1,271,097 shares of the company’s stock, valued at approximately $82,328,952.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of KMG Chemicals, Inc. (NYSE KMG) traded down $0.27 during mid-day trading on Friday, reaching $64.20. The company’s stock had a trading volume of 161,527 shares, compared to its average volume of 152,132. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.92 and a current ratio of 2.87. KMG Chemicals, Inc. has a 52-week low of $36.29 and a 52-week high of $68.13. The company has a market capitalization of $1,000.74, a price-to-earnings ratio of 33.61 and a beta of 0.53.

KMG Chemicals (NYSE:KMG) last issued its quarterly earnings results on Monday, December 11th. The specialty chemicals company reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.20. KMG Chemicals had a return on equity of 15.41% and a net margin of 6.46%. The firm had revenue of $110.70 million during the quarter, compared to analyst estimates of $106.60 million. The business’s revenue for the quarter was up 44.7% on a year-over-year basis. equities analysts expect that KMG Chemicals, Inc. will post 3.17 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 22nd will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.19%. The ex-dividend date is Thursday, December 21st. KMG Chemicals’s dividend payout ratio (DPR) is currently 6.28%.

Several equities research analysts recently issued reports on the company. Zacks Investment Research lowered KMG Chemicals from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. KeyCorp initiated coverage on KMG Chemicals in a research note on Tuesday, November 21st. They set an “overweight” rating and a $63.00 price target for the company. Finally, ValuEngine lowered KMG Chemicals from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $70.00.

A number of hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake in KMG Chemicals by 7.6% during the second quarter. Dimensional Fund Advisors LP now owns 608,368 shares of the specialty chemicals company’s stock worth $29,609,000 after purchasing an additional 43,214 shares during the last quarter. Vanguard Group Inc. lifted its stake in KMG Chemicals by 10.2% during the second quarter. Vanguard Group Inc. now owns 376,332 shares of the specialty chemicals company’s stock worth $18,316,000 after purchasing an additional 34,875 shares during the last quarter. Wells Fargo & Company MN lifted its stake in KMG Chemicals by 5.8% during the third quarter. Wells Fargo & Company MN now owns 312,563 shares of the specialty chemicals company’s stock worth $17,154,000 after purchasing an additional 17,244 shares during the last quarter. Numeric Investors LLC lifted its stake in KMG Chemicals by 82.6% during the second quarter. Numeric Investors LLC now owns 261,829 shares of the specialty chemicals company’s stock worth $12,743,000 after purchasing an additional 118,440 shares during the last quarter. Finally, State Street Corp lifted its stake in KMG Chemicals by 15.4% during the second quarter. State Street Corp now owns 162,609 shares of the specialty chemicals company’s stock worth $7,916,000 after purchasing an additional 21,712 shares during the last quarter. 56.17% of the stock is owned by hedge funds and other institutional investors.

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KMG Chemicals Company Profile

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.

Insider Buying and Selling by Quarter for KMG Chemicals (NYSE:KMG)

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