David L. Hatcher Sells 45,000 Shares of KMG Chemicals, Inc. (KMG) Stock

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.

Several large investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its stake in shares of KMG Chemicals by 1.6% in the second quarter. The Manufacturers Life Insurance Company now owns 7,228 shares of the specialty chemicals company’s stock valued at $351,000 after acquiring an additional 112 shares during the last quarter. Legal & General Group Plc raised its stake in shares of KMG Chemicals by 23.2% in the second quarter. Legal & General Group Plc now owns 2,198 shares of the specialty chemicals company’s stock valued at $106,000 after acquiring an additional 414 shares during the last quarter. Voya Investment Management LLC raised its stake in shares of KMG Chemicals by 8.0% in the second quarter. Voya Investment Management LLC now owns 6,213 shares of the specialty chemicals company’s stock valued at $302,000 after acquiring an additional 458 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of KMG Chemicals by 3.3% in the second quarter. Teachers Advisors LLC now owns 18,036 shares of the specialty chemicals company’s stock valued at $878,000 after acquiring an additional 579 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of KMG Chemicals by 2.1% in the third quarter. California Public Employees Retirement System now owns 50,543 shares of the specialty chemicals company’s stock valued at $2,774,000 after acquiring an additional 1,043 shares during the last quarter. Institutional investors own 58.26% of the company’s stock.

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.

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

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