KMG Chemicals, Inc. (NYSE:KMG) major shareholder David L. Hatcher sold 45,000 shares of KMG Chemicals stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $57.74, for a total value of $2,598,300.00. Following the sale, the insider now directly owns 896,097 shares in the company, valued at $51,740,640.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 $0.70 during midday trading on Monday, reaching $58.53. The company’s stock had a trading volume of 80,108 shares, compared to its average volume of 146,155. The company has a quick ratio of 1.92, a current ratio of 2.87 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $888.98, a P/E ratio of 30.64 and a beta of 0.35. KMG Chemicals, Inc. has a 12 month low of $36.41 and a 12 month high of $68.13.
KMG Chemicals (NYSE:KMG) last posted its earnings results on Monday, December 11th. The specialty chemicals company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.20. KMG Chemicals had a net margin of 6.46% and a return on equity of 15.41%. The company had revenue of $110.70 million during the quarter, compared to analysts’ expectations of $106.60 million. The business’s revenue for the quarter was up 44.7% compared to the same quarter last year. equities analysts expect that KMG Chemicals, Inc. will post 3.17 EPS for the current year.
KMG has been the topic of a number of recent research reports. ValuEngine downgraded KMG Chemicals from a “buy” rating to a “hold” rating in a report on Friday, December 1st. KeyCorp reaffirmed a “buy” rating and set a $70.00 price objective (up from $63.00) on shares of KMG Chemicals in a report on Wednesday, December 13th. Goldman Sachs Group initiated coverage on KMG Chemicals in a report on Monday, January 22nd. They set a “neutral” rating and a $73.00 price objective on the stock. Finally, Zacks Investment Research raised KMG Chemicals from a “sell” rating to a “hold” rating and set a $70.00 price objective on the stock in a report on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $71.00.
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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.
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