KMG Chemicals, Inc. (NYSE:KMG) major shareholder David L. Hatcher sold 30,000 shares of the stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $64.84, for a total value of $1,945,200.00. Following the transaction, the insider now owns 1,151,097 shares of the company’s stock, valued at $74,637,129.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large 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) traded up $0.40 on Friday, hitting $57.83. The stock had a trading volume of 109,588 shares, compared to its average volume of 143,645. KMG Chemicals, Inc. has a 52 week low of $36.29 and a 52 week high of $68.13. The firm has a market capitalization of $888.96, a PE ratio of 30.28 and a beta of 0.35. 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 (NYSE:KMG) last released its quarterly earnings data on Monday, December 11th. The specialty chemicals company reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.20. KMG Chemicals had a return on equity of 15.41% and a net margin of 6.46%. The company had revenue of $110.70 million during the quarter, compared to analysts’ expectations of $106.60 million. KMG Chemicals’s revenue was up 44.7% on a year-over-year basis. analysts forecast that KMG Chemicals, Inc. will post 3.17 earnings per share for the current year.
Several research analysts recently commented on KMG shares. KeyCorp reissued a “buy” rating and set a $70.00 price target (up from $63.00) on shares of KMG Chemicals in a research report on Wednesday, December 13th. ValuEngine cut KMG Chemicals from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research raised KMG Chemicals from a “sell” rating to a “hold” rating and set a $70.00 price target for the company in a research report on Thursday, December 14th. Finally, 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 price target for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. KMG Chemicals currently has a consensus rating of “Hold” and an average target price of $71.00.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its position 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 buying an additional 112 shares during the last quarter. Legal & General Group Plc lifted 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 worth $106,000 after purchasing an additional 414 shares during the last quarter. Voya Investment Management LLC lifted its holdings in KMG Chemicals by 8.0% during the 2nd quarter. Voya Investment Management LLC now owns 6,213 shares of the specialty chemicals company’s stock worth $302,000 after purchasing an additional 458 shares during the last quarter. Teachers Advisors LLC lifted its holdings in KMG Chemicals by 3.3% during the 2nd quarter. Teachers Advisors LLC now owns 18,036 shares of the specialty chemicals company’s stock worth $878,000 after purchasing an additional 579 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted 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 worth $128,000 after purchasing an additional 981 shares during the last quarter. 55.81% of the stock is 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.
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