KMG Chemicals, Inc. (NYSE:KMG) major shareholder David L. Hatcher sold 3,000 shares of the stock in a transaction on Monday, July 24th. The shares were sold at an average price of $51.27, for a total value of $153,810.00. Following the sale, the insider now directly owns 1,685,097 shares in the company, valued at $86,394,923.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of KMG Chemicals, Inc. (NYSE KMG) traded down 1.43% on Wednesday, reaching $51.73. The company’s stock had a trading volume of 106,586 shares. The firm has a 50 day moving average price of $50.73 and a 200-day moving average price of $45.91. The stock has a market cap of $615.02 million, a PE ratio of 28.38 and a beta of 0.57. KMG Chemicals, Inc. has a 12-month low of $25.87 and a 12-month high of $61.10.

KMG Chemicals (NYSE:KMG) last announced its earnings results on Friday, June 9th. The specialty chemicals company reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.06. KMG Chemicals had a return on equity of 15.66% and a net margin of 7.05%. The company had revenue of $81.60 million for the quarter, compared to analyst estimates of $79.78 million. During the same period in the prior year, the company posted $0.41 EPS. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. Equities research analysts expect that KMG Chemicals, Inc. will post $2.09 EPS for the current year.

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Several equities research analysts recently commented on the company. BidaskClub raised KMG Chemicals from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Gabelli raised KMG Chemicals from a “hold” rating to a “buy” rating in a research report on Monday, May 1st.

A number of hedge funds have recently bought and sold shares of KMG. Creative Planning purchased a new stake in KMG Chemicals during the second quarter valued at $105,000. Russell Investments Group Ltd. increased its stake in KMG Chemicals by 28.8% in the first quarter. Russell Investments Group Ltd. now owns 3,481 shares of the specialty chemicals company’s stock valued at $160,000 after buying an additional 778 shares during the last quarter. AXA purchased a new stake in KMG Chemicals during the first quarter valued at $208,000. State Board of Administration of Florida Retirement System purchased a new stake in KMG Chemicals during the first quarter valued at $209,000. Finally, Highbridge Capital Management LLC purchased a new stake in KMG Chemicals during the first quarter valued at $230,000. Institutional investors and hedge funds own 70.24% of the company’s stock.

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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