KMG Chemicals, Inc. (NYSE:KMG) major shareholder David L. Hatcher sold 9,000 shares of the stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $51.81, for a total transaction of $466,290.00. Following the transaction, the insider now owns 1,685,097 shares of the company’s stock, valued at approximately $87,304,875.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

KMG Chemicals, Inc. (NYSE:KMG) traded up 0.16% during trading on Friday, reaching $49.82. 45,286 shares of the company traded hands. The company’s 50-day moving average price is $49.82 and its 200 day moving average price is $46.44. KMG Chemicals, Inc. has a 52 week low of $25.87 and a 52 week high of $61.10. The firm has a market capitalization of $592.31 million, a price-to-earnings ratio of 27.33 and a beta of 0.58.

KMG Chemicals (NYSE:KMG) last released its quarterly earnings data on Friday, June 9th. The specialty chemicals company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.47 by $0.06. KMG Chemicals had a return on equity of 15.66% and a net margin of 7.05%. The company had revenue of $81.60 million during the quarter, compared to the consensus estimate of $79.78 million. During the same period last year, the company earned $0.41 EPS. KMG Chemicals’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, equities research analysts expect that KMG Chemicals, Inc. will post $2.09 EPS for the current year.

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Several equities analysts recently weighed in on the stock. BidaskClub upgraded shares of KMG Chemicals from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Gabelli upgraded shares of KMG Chemicals from a “hold” rating to a “buy” rating in a research report on Monday, May 1st.

A number of large investors have recently added to or reduced their stakes in the company. Creative Planning acquired a new stake in KMG Chemicals during the second quarter valued at approximately $105,000. Legal & General Group Plc increased its stake in 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 buying an additional 414 shares during the last quarter. Russell Investments Group Ltd. increased its stake in KMG Chemicals by 28.8% in the first quarter. Russell Investments Group Ltd. now owns 3,481 shares of the specialty chemicals company’s stock valued at $160,000 after buying an additional 778 shares during the last quarter. AXA purchased a new stake in KMG Chemicals during the first quarter worth about $208,000. Finally, State Board of Administration of Florida Retirement System purchased a new stake in KMG Chemicals during the first quarter worth about $209,000. Institutional investors own 71.89% 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.

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

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