KMG Chemicals, Inc. (NYSE:KMG) major shareholder David L. Hatcher sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $53.44, for a total value of $480,960.00. Following the transaction, the insider now owns 1,406,097 shares in the company, valued at approximately $75,141,823.68. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 $1.47 during mid-day trading on Friday, hitting $55.05. The company’s stock had a trading volume of 224,400 shares, compared to its average volume of 102,481. KMG Chemicals, Inc. has a one year low of $32.05 and a one year high of $61.10. The stock has a market cap of $817.76, a P/E ratio of 23.44 and a beta of 0.55. The company has a quick ratio of 1.64, a current ratio of 2.52 and a debt-to-equity ratio of 3.01.

KMG Chemicals (NYSE:KMG) last announced its earnings results on Monday, October 16th. The specialty chemicals company reported $0.69 earnings per share 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 return on equity of 17.45% and a net margin of 7.09%. The firm’s revenue for the quarter was up 27.8% compared to the same quarter last year. research analysts expect that KMG Chemicals, Inc. will post 2.76 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 22nd will be issued a $0.03 dividend. The ex-dividend date is Thursday, December 21st. This represents a $0.12 annualized dividend and a dividend yield of 0.22%. KMG Chemicals’s dividend payout ratio is currently 6.25%.

A number of research firms recently issued reports on KMG. Zacks Investment Research downgraded KMG Chemicals from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. BidaskClub downgraded KMG Chemicals from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. KeyCorp assumed coverage on KMG Chemicals in a research note on Tuesday, November 21st. They issued an “overweight” rating and a $63.00 target price on the stock. Finally, ValuEngine downgraded KMG Chemicals from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. KMG Chemicals currently has an average rating of “Hold” and a consensus price target of $50.00.

Institutional investors and hedge funds have recently bought and sold shares of the company. Creative Planning acquired a new stake in shares of KMG Chemicals in the 2nd quarter valued at approximately $105,000. Legal & General Group Plc lifted its holdings in shares of KMG Chemicals by 23.2% in the 2nd 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 period. Oppenheimer Asset Management Inc. lifted its holdings in shares of KMG Chemicals by 59.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,620 shares of the specialty chemicals company’s stock valued at $128,000 after buying an additional 981 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of KMG Chemicals in the 3rd quarter valued at approximately $155,000. Finally, Hodges Capital Management Inc. acquired a new stake in shares of KMG Chemicals in the 3rd quarter valued at approximately $221,000. 56.20% of the stock is owned by institutional investors and hedge funds.

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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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