KMG Chemicals, Inc. (KMG) Major Shareholder David L. Hatcher Sells 15,000 Shares

KMG Chemicals, Inc. (NYSE:KMG) major shareholder David L. Hatcher sold 15,000 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $58.73, for a total transaction of $880,950.00. Following the completion of the transaction, the insider now directly owns 941,097 shares in the company, valued at $55,270,626.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

KMG Chemicals, Inc. (NYSE KMG) traded up $0.39 during trading on Wednesday, reaching $58.75. 112,104 shares of the company’s stock traded hands, compared to its average volume of 143,372. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.87 and a quick ratio of 1.92. The firm has a market capitalization of $903.13, a P/E ratio of 30.76 and a beta of 0.35. KMG Chemicals, Inc. has a 52-week low of $36.29 and a 52-week high of $68.13.

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

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of KMG Chemicals from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. Goldman Sachs Group assumed coverage on shares of KMG Chemicals in a research note on Monday, January 22nd. They issued a “neutral” rating and a $73.00 price target on the stock. KeyCorp assumed coverage on shares of KMG Chemicals in a research note on Tuesday, November 21st. They issued an “overweight” rating and a $63.00 price target on the stock. Finally, ValuEngine downgraded shares of KMG Chemicals from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $71.00.

A number of institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company increased its position in KMG Chemicals by 1.6% during the second quarter. The Manufacturers Life Insurance Company now owns 7,228 shares of the specialty chemicals company’s stock worth $351,000 after buying an additional 112 shares during the last quarter. Legal & General Group Plc increased its position in 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 worth $106,000 after buying an additional 414 shares during the last quarter. Voya Investment Management LLC increased its position in KMG Chemicals by 8.0% during the second quarter. Voya Investment Management LLC now owns 6,213 shares of the specialty chemicals company’s stock worth $302,000 after buying an additional 458 shares during the last quarter. Teachers Advisors LLC increased its position in KMG Chemicals by 3.3% during the second quarter. Teachers Advisors LLC now owns 18,036 shares of the specialty chemicals company’s stock worth $878,000 after buying an additional 579 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in KMG Chemicals by 2.1% during the third quarter. California Public Employees Retirement System now owns 50,543 shares of the specialty chemicals company’s stock worth $2,774,000 after buying an additional 1,043 shares during the last quarter. 55.81% of the stock is currently owned by hedge funds and other institutional investors.

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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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