KMG Chemicals, Inc. (NYSE:KMG) major shareholder David L. Hatcher sold 15,000 shares of KMG Chemicals stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $57.40, for a total value of $861,000.00. Following the sale, the insider now directly owns 896,097 shares in the company, valued at $51,435,967.80. 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 released its quarterly earnings data on Monday, December 11th. The specialty chemicals company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.20. The company had revenue of $110.70 million for the quarter, compared to the consensus estimate of $106.60 million. KMG Chemicals had a return on equity of 15.41% and a net margin of 6.46%. The firm’s revenue 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.

A number of equities research analysts recently weighed in on KMG shares. Goldman Sachs Group started coverage on KMG Chemicals in a research report on Monday, January 22nd. They set a “neutral” rating and a $73.00 target price on the stock. KeyCorp started coverage on KMG Chemicals in a research report on Tuesday, November 21st. They set an “overweight” rating and a $63.00 target price on the stock. Zacks Investment Research raised KMG Chemicals from a “sell” rating to a “hold” rating and set a $70.00 target price on the stock in a research report on Thursday, December 14th. Finally, ValuEngine downgraded KMG Chemicals from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $71.00.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its holdings 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 valued at $351,000 after purchasing an additional 112 shares in the last quarter. Legal & General Group Plc boosted its holdings 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 valued at $106,000 after purchasing an additional 414 shares in the last quarter. Voya Investment Management LLC boosted its holdings 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 valued at $302,000 after purchasing an additional 458 shares in the last quarter. Teachers Advisors LLC boosted its holdings 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 valued at $878,000 after purchasing an additional 579 shares in the last quarter. Finally, California Public Employees Retirement System boosted its holdings 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 valued at $2,774,000 after purchasing an additional 1,043 shares in the last quarter. 58.26% of the stock is currently owned by institutional investors.

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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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