KMG Chemicals, Inc. (NYSE:KMG) major shareholder David L. Hatcher sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $53.65, for a total value of $160,950.00. Following the completion of the sale, the insider now owns 1,406,097 shares in the company, valued at $75,437,104.05. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Shares of KMG Chemicals, Inc. (NYSE KMG) traded up $0.49 during mid-day trading on Wednesday, hitting $54.09. The stock had a trading volume of 88,200 shares, compared to its average volume of 101,847. KMG Chemicals, Inc. has a one year low of $32.05 and a one year high of $61.10. The firm has a market cap of $823.60, a PE ratio of 23.61 and a beta of 0.55. 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.16. KMG Chemicals had a return on equity of 17.45% and a net margin of 7.09%. The company had revenue of $96.26 million for the quarter, compared to analysts’ expectations of $96.00 million. The firm’s revenue for the quarter was up 27.8% on a year-over-year basis. sell-side analysts predict that KMG Chemicals, Inc. will post 2.76 EPS for the current year.

Several equities analysts have recently issued reports on KMG shares. KeyCorp started coverage on KMG Chemicals in a research report on Tuesday, November 21st. They set an “overweight” rating and a $63.00 price target on the stock. Zacks Investment Research cut KMG Chemicals from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. ValuEngine cut KMG Chemicals from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, BidaskClub cut KMG Chemicals from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $50.00.

Hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of KMG Chemicals by 7.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 608,368 shares of the specialty chemicals company’s stock worth $29,609,000 after acquiring an additional 43,214 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of KMG Chemicals by 10.2% during the 2nd quarter. Vanguard Group Inc. now owns 376,332 shares of the specialty chemicals company’s stock worth $18,316,000 after acquiring an additional 34,875 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of KMG Chemicals by 5.8% during the 3rd quarter. Wells Fargo & Company MN now owns 312,563 shares of the specialty chemicals company’s stock worth $17,154,000 after acquiring an additional 17,244 shares in the last quarter. Numeric Investors LLC boosted its stake in shares of KMG Chemicals by 82.6% during the 2nd quarter. Numeric Investors LLC now owns 261,829 shares of the specialty chemicals company’s stock worth $12,743,000 after acquiring an additional 118,440 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of KMG Chemicals by 15.4% during the 2nd quarter. State Street Corp now owns 162,609 shares of the specialty chemicals company’s stock worth $7,916,000 after acquiring an additional 21,712 shares in the last quarter. Institutional investors own 56.20% of the company’s stock.

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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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