KMG Chemicals, Inc. (NYSE:KMG) major shareholder David L. Hatcher sold 3,000 shares of KMG Chemicals stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $47.50, for a total transaction of $142,500.00. Following the transaction, the insider now directly owns 1,616,097 shares in the company, valued at approximately $76,764,607.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of KMG Chemicals, Inc. (NYSE KMG) traded up 0.86% during mid-day trading on Friday, reaching $47.82. 31,007 shares of the company’s stock traded hands. The company has a market cap of $568.53 million, a price-to-earnings ratio of 26.23 and a beta of 0.58. KMG Chemicals, Inc. has a 12 month low of $25.87 and a 12 month high of $61.10. The company has a 50 day moving average of $49.78 and a 200 day moving average of $47.63.

KMG Chemicals (NYSE:KMG) last posted its earnings results on Friday, June 9th. The specialty chemicals company reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $81.60 million for the quarter, compared to analysts’ expectations of $79.78 million. During the same period in the previous year, the firm earned $0.41 earnings per share. The business’s revenue was up 8.5% compared to the same quarter last year. Analysts expect that KMG Chemicals, Inc. will post $2.09 earnings per share for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its stake in 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 in the last quarter. Youngs Advisory Group Inc. raised its stake in KMG Chemicals by 1.2% in the second quarter. Youngs Advisory Group Inc. now owns 29,753 shares of the specialty chemicals company’s stock valued at $1,448,000 after buying an additional 356 shares in the last quarter. American International Group Inc. raised its stake in KMG Chemicals by 7.0% in the first quarter. American International Group Inc. now owns 5,547 shares of the specialty chemicals company’s stock valued at $256,000 after buying an additional 365 shares in the last quarter. Legal & General Group Plc raised 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 in the last quarter. Finally, Voya Investment Management LLC raised its stake in KMG Chemicals by 8.0% in the second quarter. Voya Investment Management LLC now owns 6,213 shares of the specialty chemicals company’s stock valued at $302,000 after buying an additional 458 shares in the last quarter. Institutional investors own 72.76% of the company’s stock.

Several analysts have commented on the stock. Gabelli upgraded shares of KMG Chemicals from a “hold” rating to a “buy” rating in a report on Monday, May 1st. BidaskClub downgraded shares of KMG Chemicals from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, Zacks Investment Research downgraded shares of KMG Chemicals from a “buy” rating to a “hold” rating in a report on Tuesday, August 15th.

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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