KMG Chemicals, Inc. (KMG) Major Shareholder David L. Hatcher Sells 15,000 Shares

KMG Chemicals, Inc. (NYSE:KMG) major shareholder David L. Hatcher sold 15,000 shares of KMG Chemicals stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $58.73, for a total transaction of $880,950.00. Following the sale, the insider now directly owns 941,097 shares in the company, valued at $55,270,626.81. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Shares of KMG Chemicals, Inc. (KMG) opened at $57.83 on Friday. The company has a current ratio of 2.87, a quick ratio of 1.92 and a debt-to-equity ratio of 0.99. KMG Chemicals, Inc. has a 1 year low of $36.29 and a 1 year high of $68.13. The company has a market cap of $888.98, a P/E ratio of 30.28 and a beta of 0.35.

KMG Chemicals (NYSE:KMG) last posted its earnings results on Monday, December 11th. The specialty chemicals company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.63 by $0.20. KMG Chemicals had a net margin of 6.46% and a return on equity of 15.41%. The business had revenue of $110.70 million for the quarter, compared to the consensus estimate of $106.60 million. The firm’s quarterly revenue was up 44.7% on a year-over-year basis. analysts predict that KMG Chemicals, Inc. will post 3.17 earnings per share for the current year.

Large investors have recently bought and sold shares of the stock. Legal & General Group Plc boosted its position in KMG Chemicals by 23.2% during the 2nd quarter. Legal & General Group Plc now owns 2,198 shares of the specialty chemicals company’s stock worth $106,000 after buying an additional 414 shares during the period. Victory Capital Management Inc. acquired a new stake in KMG Chemicals during the 3rd quarter worth approximately $155,000. IPG Investment Advisors LLC acquired a new stake in KMG Chemicals during the 4th quarter worth approximately $247,000. Hodges Capital Management Inc. acquired a new stake in KMG Chemicals during the 3rd quarter worth approximately $221,000. Finally, Teacher Retirement System of Texas acquired a new stake in KMG Chemicals during the 4th quarter worth approximately $290,000. Institutional investors and hedge funds own 55.81% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Goldman Sachs Group assumed coverage on shares of KMG Chemicals in a report on Monday, January 22nd. They set a “neutral” rating and a $73.00 price target on the stock. Zacks Investment Research raised shares of KMG Chemicals from a “sell” rating to a “hold” rating and set a $70.00 price target on the stock in a report on Thursday, December 14th. KeyCorp reaffirmed a “buy” rating and set a $70.00 price target (up from $63.00) on shares of KMG Chemicals in a report on Wednesday, December 13th. Finally, ValuEngine lowered shares of KMG Chemicals from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $71.00.

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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.

Insider Buying and Selling by Quarter for KMG Chemicals (NYSE:KMG)

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