KMG Chemicals, Inc. (NYSE:KMG) major shareholder David L. Hatcher sold 9,000 shares of KMG Chemicals stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $66.85, for a total value of $601,650.00. Following the transaction, the insider now owns 1,376,097 shares in the company, valued at approximately $91,992,084.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more 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 $0.57 during trading on Wednesday, reaching $67.69. The company had a trading volume of 179,500 shares, compared to its average volume of 112,626. KMG Chemicals, Inc. has a 52-week low of $36.29 and a 52-week high of $67.76. The stock has a market capitalization of $1,031.79, a P/E ratio of 25.62 and a beta of 0.55. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.92 and a current ratio of 2.87.

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

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

A number of large investors have recently bought and sold shares of the business. Susquehanna International Group LLP raised its position in KMG Chemicals by 39.7% in the third quarter. Susquehanna International Group LLP now owns 21,166 shares of the specialty chemicals company’s stock valued at $1,162,000 after purchasing an additional 6,014 shares during the period. California Public Employees Retirement System raised its position in KMG Chemicals by 2.1% in the third quarter. California Public Employees Retirement System now owns 50,543 shares of the specialty chemicals company’s stock valued at $2,774,000 after purchasing an additional 1,043 shares during the period. Allianz Asset Management GmbH raised its position in KMG Chemicals by 31.4% in the third quarter. Allianz Asset Management GmbH now owns 91,022 shares of the specialty chemicals company’s stock valued at $4,995,000 after purchasing an additional 21,738 shares during the period. Schwab Charles Investment Management Inc. raised its position in KMG Chemicals by 93.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 35,571 shares of the specialty chemicals company’s stock valued at $1,953,000 after purchasing an additional 17,171 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in KMG Chemicals in the third quarter valued at $244,000. Institutional investors own 56.17% of the company’s stock.

KMG has been the topic of a number of analyst reports. Zacks Investment Research downgraded KMG Chemicals from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. KeyCorp initiated coverage on KMG Chemicals in a research report on Tuesday, November 21st. They set an “overweight” rating and a $63.00 price objective on the stock. Finally, ValuEngine downgraded KMG Chemicals from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $70.00.

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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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