GHP Investment Advisors Inc. raised its holdings in shares of KMG Chemicals, Inc. (NYSE:KMG) by 7.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,253 shares of the specialty chemicals company’s stock after buying an additional 2,108 shares during the period. GHP Investment Advisors Inc. owned about 0.19% of KMG Chemicals worth $1,933,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of KMG. Lazard Asset Management LLC bought a new position in shares of KMG Chemicals during the fourth quarter valued at about $26,227,000. Wells Fargo & Company MN raised its stake in shares of KMG Chemicals by 110.6% during the fourth quarter. Wells Fargo & Company MN now owns 658,289 shares of the specialty chemicals company’s stock valued at $43,500,000 after acquiring an additional 345,726 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of KMG Chemicals by 12,127.5% during the fourth quarter. Victory Capital Management Inc. now owns 345,549 shares of the specialty chemicals company’s stock valued at $22,834,000 after acquiring an additional 342,723 shares during the last quarter. Peregrine Capital Management LLC bought a new position in shares of KMG Chemicals during the fourth quarter valued at about $17,901,000. Finally, BlackRock Inc. raised its stake in shares of KMG Chemicals by 44.5% during the fourth quarter. BlackRock Inc. now owns 836,301 shares of the specialty chemicals company’s stock valued at $55,262,000 after acquiring an additional 257,589 shares during the last quarter. Institutional investors and hedge funds own 81.01% of the company’s stock.
In related news, major shareholder David L. Hatcher sold 45,000 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $57.74, for a total value of $2,598,300.00. Following the completion of the transaction, the insider now directly owns 896,097 shares of the company’s stock, valued at $51,740,640.78. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder David L. Hatcher sold 15,000 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $57.40, for a total transaction of $861,000.00. Following the completion of the transaction, the insider now directly owns 896,097 shares of the company’s stock, valued at $51,435,967.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 609,000 shares of company stock valued at $38,279,340. 6.10% of the stock is owned by insiders.
KMG Chemicals, Inc. (NYSE:KMG) opened at $67.12 on Wednesday. The company has a market cap of $1,067.76, a PE ratio of 22.48 and a beta of 0.37. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.92 and a current ratio of 2.87. KMG Chemicals, Inc. has a one year low of $39.64 and a one year high of $70.60.
KMG Chemicals (NYSE:KMG) last released its quarterly earnings results on Thursday, March 8th. The specialty chemicals company reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.32. KMG Chemicals had a net margin of 10.59% and a return on equity of 18.32%. The company had revenue of $113.90 million during the quarter, compared to the consensus estimate of $112.57 million. During the same period in the prior year, the firm earned $0.57 earnings per share. KMG Chemicals’s revenue was up 44.0% on a year-over-year basis. sell-side analysts predict that KMG Chemicals, Inc. will post 3.34 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 19th. Investors of record on Monday, March 12th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date is Friday, March 9th. KMG Chemicals’s payout ratio is currently 4.04%.
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KMG Chemicals 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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