KMG Chemicals, Inc. (NYSE:KMG) major shareholder David L. Hatcher sold 12,000 shares of the company’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $54.83, for a total transaction of $657,960.00. The sale was disclosed in a filing with the SEC, which can be accessed 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.

KMG Chemicals, Inc. (NYSE:KMG) traded up 0.11% during mid-day trading on Tuesday, hitting $54.92. 199,218 shares of the stock traded hands. KMG Chemicals, Inc. has a one year low of $26.33 and a one year high of $61.10. The stock has a market capitalization of $653.88 million, a PE ratio of 28.60 and a beta of 0.62. The company has a 50 day moving average price of $52.45 and a 200-day moving average price of $51.20.

KMG Chemicals (NYSE:KMG) last announced its quarterly earnings results on Monday, October 16th. The specialty chemicals company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.16. The company had revenue of $96.26 million for the quarter, compared to analyst estimates of $96.00 million. KMG Chemicals had a net margin of 7.09% and a return on equity of 17.45%. KMG Chemicals’s revenue for the quarter was up 27.8% compared to the same quarter last year. Equities analysts anticipate that KMG Chemicals, Inc. will post $3.17 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Tuesday, October 10th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend was Friday, October 6th. KMG Chemicals’s dividend payout ratio (DPR) is presently 6.25%.

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KMG has been the topic of several research analyst reports. BidaskClub raised shares of KMG Chemicals from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Zacks Investment Research cut shares of KMG Chemicals from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th.

Several institutional investors have recently made changes to their positions in KMG. Russell Investments Group Ltd. grew its holdings in shares of KMG Chemicals by 28.8% during the 1st quarter. Russell Investments Group Ltd. now owns 3,481 shares of the specialty chemicals company’s stock valued at $160,000 after purchasing an additional 778 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of KMG Chemicals by 6.1% during the 1st quarter. Wells Fargo & Company MN now owns 10,738 shares of the specialty chemicals company’s stock valued at $494,000 after purchasing an additional 615 shares during the last quarter. State Board of Administration of Florida Retirement System bought a new stake in shares of KMG Chemicals during the 1st quarter valued at approximately $209,000. Bank of New York Mellon Corp grew its holdings in shares of KMG Chemicals by 2.3% during the 1st quarter. Bank of New York Mellon Corp now owns 56,561 shares of the specialty chemicals company’s stock valued at $2,606,000 after purchasing an additional 1,262 shares during the last quarter. Finally, Prudential Financial Inc. bought a new stake in shares of KMG Chemicals during the 1st quarter valued at approximately $1,784,000. 73.30% of the stock is currently owned by institutional investors.

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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