KMG Chemicals, Inc. (NYSE:KMG) major shareholder David L. Hatcher sold 3,000 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $55.51, for a total value of $166,530.00. Following the transaction, the insider now owns 1,391,097 shares of the company’s stock, valued at $77,219,794.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of KMG Chemicals, Inc. (NYSE KMG) traded up $0.04 during trading hours on Wednesday, hitting $63.38. The stock had a trading volume of 419,008 shares, compared to its average volume of 108,331. KMG Chemicals, Inc. has a 1 year low of $35.83 and a 1 year high of $66.16. The company has a debt-to-equity ratio of 3.01, a current ratio of 2.52 and a quick ratio of 1.64. The company has a market capitalization of $848.40, a P/E ratio of 21.07 and a beta of 0.55.

KMG Chemicals (NYSE:KMG) last issued its quarterly earnings results on Monday, December 11th. The specialty chemicals company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.20. KMG Chemicals had a return on equity of 19.92% and a net margin of 6.46%. The firm had revenue of $110.70 million during the quarter, compared to the consensus estimate of $106.60 million. KMG Chemicals’s revenue was up 44.7% compared to the same quarter last year. analysts expect that KMG Chemicals, Inc. will post 2.76 EPS for the current year.

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

Institutional investors have recently added to or reduced their stakes in the stock. Creative Planning purchased a new stake in shares of KMG Chemicals during the second quarter valued at $105,000. Legal & General Group Plc boosted its position in shares of KMG Chemicals by 23.2% during the second quarter. Legal & General Group Plc now owns 2,198 shares of the specialty chemicals company’s stock valued at $106,000 after buying an additional 414 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of KMG Chemicals by 59.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 2,620 shares of the specialty chemicals company’s stock valued at $128,000 after buying an additional 981 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in shares of KMG Chemicals during the third quarter valued at $155,000. Finally, Hodges Capital Management Inc. purchased a new stake in shares of KMG Chemicals during the third quarter valued at $221,000. 56.20% of the stock is currently owned by institutional investors.

KMG has been the subject of several analyst reports. KeyCorp initiated coverage on KMG Chemicals in a report on Tuesday, November 21st. They set an “overweight” rating and a $63.00 price target for the company. ValuEngine downgraded KMG Chemicals from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Zacks Investment Research downgraded KMG Chemicals from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $53.50.

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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.

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

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