KMG Chemicals, Inc. (NYSE:KMG) major shareholder David L. Hatcher sold 45,000 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $57.74, for a total value of $2,598,300.00. Following the completion of the transaction, the insider now owns 896,097 shares in the company, valued at $51,740,640.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
KMG Chemicals, Inc. (NYSE KMG) opened at $58.38 on Wednesday. KMG Chemicals, Inc. has a 12-month low of $36.41 and a 12-month high of $68.13. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.87 and a quick ratio of 1.92. The stock has a market capitalization of $888.98, a price-to-earnings ratio of 30.57 and a beta of 0.35.
KMG Chemicals (NYSE:KMG) last posted its quarterly earnings results on Monday, December 11th. The specialty chemicals company reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $110.70 million for the quarter, compared to analyst estimates of $106.60 million. KMG Chemicals’s quarterly revenue was up 44.7% compared to the same quarter last year. research analysts anticipate that KMG Chemicals, Inc. will post 3.17 earnings per share for the current fiscal year.
Several research analysts have recently issued reports on KMG shares. Zacks Investment Research lowered KMG Chemicals from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. KeyCorp started coverage on KMG Chemicals in a research report on Tuesday, November 21st. They issued an “overweight” rating and a $63.00 price target on the stock. ValuEngine lowered KMG Chemicals from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Goldman Sachs Group started coverage on KMG Chemicals in a research report on Monday, January 22nd. They issued a “neutral” rating and a $73.00 price target on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $71.00.
A number of hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its holdings in KMG Chemicals by 1.6% during the second quarter. The Manufacturers Life Insurance Company now owns 7,228 shares of the specialty chemicals company’s stock worth $351,000 after acquiring an additional 112 shares in the last quarter. Legal & General Group Plc lifted its holdings in KMG Chemicals by 23.2% during the second quarter. Legal & General Group Plc now owns 2,198 shares of the specialty chemicals company’s stock worth $106,000 after acquiring an additional 414 shares in the last quarter. Voya Investment Management LLC lifted its holdings in KMG Chemicals by 8.0% during the second quarter. Voya Investment Management LLC now owns 6,213 shares of the specialty chemicals company’s stock worth $302,000 after acquiring an additional 458 shares in the last quarter. Teachers Advisors LLC lifted its holdings in KMG Chemicals by 3.3% during the second quarter. Teachers Advisors LLC now owns 18,036 shares of the specialty chemicals company’s stock worth $878,000 after acquiring an additional 579 shares in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in KMG Chemicals by 2.1% during the third quarter. California Public Employees Retirement System now owns 50,543 shares of the specialty chemicals company’s stock worth $2,774,000 after acquiring an additional 1,043 shares in the last quarter. Hedge funds and other institutional investors own 58.26% of the company’s stock.
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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.
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