KMG Chemicals, Inc. (NYSE:KMG) major shareholder David L. Hatcher sold 9,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $52.39, for a total transaction of $471,510.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
KMG Chemicals, Inc. (NYSE:KMG) opened at $52.10 on Friday. The company has a market cap of $774.70, a PE ratio of 23.10 and a beta of 0.56. KMG Chemicals, Inc. has a fifty-two week low of $31.46 and a fifty-two week high of $61.10. The company has a current ratio of 2.52, a quick ratio of 1.64 and a debt-to-equity ratio of 3.01.
KMG Chemicals (NYSE:KMG) last issued its quarterly earnings results on Monday, October 16th. The specialty chemicals company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.53 by $0.16. The company had revenue of $96.26 million for the quarter, compared to the consensus estimate of $96.00 million. KMG Chemicals had a net margin of 7.09% and a return on equity of 17.45%. The firm’s revenue was up 27.8% compared to the same quarter last year. equities analysts predict that KMG Chemicals, Inc. will post 2.77 earnings per share for the current fiscal year.
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Several brokerages have recently issued reports on KMG. Zacks Investment Research cut shares of KMG Chemicals from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th. BidaskClub downgraded shares of KMG Chemicals from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th.
A number of large investors have recently modified their holdings of KMG. Creative Planning bought a new position in KMG Chemicals during the 2nd quarter valued at about $105,000. Legal & General Group Plc grew its holdings in KMG Chemicals by 23.2% during the 2nd 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 during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in KMG Chemicals by 59.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,620 shares of the specialty chemicals company’s stock valued at $128,000 after purchasing an additional 981 shares during the last quarter. Victory Capital Management Inc. bought a new position in KMG Chemicals during the 3rd quarter valued at about $155,000. Finally, Hodges Capital Management Inc. bought a new position in KMG Chemicals during the 3rd quarter valued at about $221,000. Institutional investors own 57.67% of the company’s stock.
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.
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