KMG Chemicals, Inc. (NYSE:KMG) major shareholder David L. Hatcher sold 9,000 shares of KMG Chemicals stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $53.44, for a total value of $480,960.00. Following the completion of the transaction, the insider now directly owns 1,406,097 shares of the company’s stock, valued at $75,141,823.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
KMG Chemicals, Inc. (NYSE KMG) traded up $1.47 during mid-day trading on Friday, hitting $55.05. The stock had a trading volume of 224,400 shares, compared to its average volume of 102,481. KMG Chemicals, Inc. has a 1 year low of $32.05 and a 1 year high of $61.10. The company has a debt-to-equity ratio of 3.01, a quick ratio of 1.64 and a current ratio of 2.52. The company has a market cap of $817.76, a price-to-earnings ratio of 23.44 and a beta of 0.55.
KMG Chemicals (NYSE:KMG) last posted its quarterly earnings data on Monday, October 16th. The specialty chemicals company reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $96.26 million during the quarter, compared to analyst estimates of $96.00 million. The firm’s revenue for the quarter was up 27.8% on a year-over-year basis. equities analysts forecast that KMG Chemicals, Inc. will post 2.76 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of KMG. Wells Fargo & Company MN increased its position in KMG Chemicals by 2,650.2% in the 2nd quarter. Wells Fargo & Company MN now owns 295,319 shares of the specialty chemicals company’s stock valued at $14,373,000 after buying an additional 284,581 shares in the last quarter. Numeric Investors LLC increased its position in KMG Chemicals by 82.6% in the 2nd quarter. Numeric Investors LLC now owns 261,829 shares of the specialty chemicals company’s stock valued at $12,743,000 after buying an additional 118,440 shares in the last quarter. Ameriprise Financial Inc. increased its position in KMG Chemicals by 184.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 117,193 shares of the specialty chemicals company’s stock valued at $6,432,000 after buying an additional 76,047 shares in the last quarter. EAM Investors LLC bought a new stake in KMG Chemicals in the 2nd quarter valued at about $3,533,000. Finally, AJO LP bought a new stake in KMG Chemicals in the 2nd quarter valued at about $2,689,000. 56.20% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on the company. Zacks Investment Research lowered KMG Chemicals from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. BidaskClub lowered KMG Chemicals from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. KeyCorp assumed coverage on KMG Chemicals in a research report on Tuesday, November 21st. They issued an “overweight” rating and a $63.00 price objective for the company. Finally, ValuEngine lowered KMG Chemicals from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. KMG Chemicals has an average rating of “Hold” and a consensus price target of $50.00.
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.
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