KMG Chemicals, Inc. (NYSE:KMG) major shareholder David L. Hatcher sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $54.66, for a total transaction of $163,980.00. Following the sale, the insider now directly owns 1,469,097 shares in the company, valued at $80,300,842.02. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of KMG Chemicals, Inc. (NYSE KMG) traded down $1.11 during trading hours on Friday, hitting $54.58. 118,830 shares of the company’s stock were exchanged, compared to its average volume of 229,522. The company has a market capitalization of $819.57 million, a PE ratio of 24.22 and a beta of 0.56.

KMG Chemicals (NYSE:KMG) last announced its quarterly earnings data on Monday, October 16th. The specialty chemicals company reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.16. KMG Chemicals had a net margin of 7.09% and a return on equity of 17.45%. The company had revenue of $96.26 million for the quarter, compared to the consensus estimate of $96.00 million. KMG Chemicals’s quarterly revenue was up 27.8% on a year-over-year basis. research analysts forecast that KMG Chemicals, Inc. will post 3.12 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Tuesday, October 10th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend was Friday, October 6th. KMG Chemicals’s dividend payout ratio is presently 6.25%.

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Several large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its position in shares of KMG Chemicals by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 608,368 shares of the specialty chemicals company’s stock valued at $29,609,000 after purchasing an additional 43,214 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of KMG Chemicals by 108.7% in 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. Renaissance Technologies LLC increased its position in shares of KMG Chemicals by 5.9% in the 1st quarter. Renaissance Technologies LLC now owns 381,500 shares of the specialty chemicals company’s stock valued at $17,576,000 after purchasing an additional 21,300 shares during the last quarter. Vanguard Group Inc. increased its position in shares of KMG Chemicals by 10.2% in the 2nd quarter. Vanguard Group Inc. now owns 376,332 shares of the specialty chemicals company’s stock valued at $18,316,000 after purchasing an additional 34,875 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of KMG Chemicals by 2,650.2% in 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. 58.43% of the stock is currently owned by institutional investors.

Several brokerages recently weighed in on KMG. Zacks Investment Research downgraded shares of KMG Chemicals from a “hold” rating to a “sell” rating in a research note on Tuesday. BidaskClub downgraded shares of KMG Chemicals from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th.

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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