KMG Chemicals, Inc. (NYSE:KMG) major shareholder David L. Hatcher sold 3,000 shares of KMG Chemicals stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $64.65, for a total transaction of $193,950.00. Following the transaction, the insider now directly owns 1,391,097 shares in the company, valued at approximately $89,934,421.05. 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. (KMG) traded up $2.62 during mid-day trading on Friday, hitting $65.08. 720,096 shares of the stock were exchanged, compared to its average volume of 192,989. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.64 and a current ratio of 2.87. The company has a market capitalization of $960.16, a price-to-earnings ratio of 23.84 and a beta of 0.55. KMG Chemicals, Inc. has a twelve month low of $36.29 and a twelve month high of $66.16.

KMG Chemicals (NYSE:KMG) last issued its earnings results on Monday, December 11th. The specialty chemicals company reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.20. The business had revenue of $110.70 million for the quarter, compared to the consensus estimate of $106.60 million. KMG Chemicals had a net margin of 6.46% and a return on equity of 15.41%. KMG Chemicals’s revenue was up 44.7% on a year-over-year basis. equities analysts predict that KMG Chemicals, Inc. will post 3.14 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 22nd will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, December 21st. This represents a $0.12 dividend on an annualized basis and a yield of 0.18%. KMG Chemicals’s payout ratio is 6.28%.

A number of research analysts have weighed in on the stock. KeyCorp reaffirmed a “buy” rating and issued a $70.00 price target (up previously from $63.00) on shares of KMG Chemicals in a research note on Wednesday. ValuEngine lowered shares of KMG Chemicals from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research lowered shares of KMG Chemicals from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $70.00.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN increased its holdings in shares of KMG Chemicals by 2,650.2% in the second quarter. Wells Fargo & Company MN now owns 295,319 shares of the specialty chemicals company’s stock valued at $14,373,000 after purchasing an additional 284,581 shares during the last quarter. Numeric Investors LLC increased its holdings in shares of KMG Chemicals by 82.6% in the second quarter. Numeric Investors LLC now owns 261,829 shares of the specialty chemicals company’s stock valued at $12,743,000 after purchasing an additional 118,440 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of KMG Chemicals by 184.8% in the third quarter. Ameriprise Financial Inc. now owns 117,193 shares of the specialty chemicals company’s stock valued at $6,432,000 after acquiring an additional 76,047 shares during the period. EAM Investors LLC bought a new stake in shares of KMG Chemicals in the second quarter valued at about $3,533,000. Finally, AJO LP bought a new stake in shares of KMG Chemicals in the second quarter valued at about $2,689,000. Institutional investors and hedge funds 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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