KMG Chemicals, Inc. (NYSE:KMG) major shareholder David L. Hatcher sold 3,000 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $53.56, for a total value of $160,680.00. Following the transaction, the insider now directly owns 1,463,097 shares in the company, valued at $78,363,475.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major 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. (NYSE KMG) traded up $0.50 on Friday, reaching $53.09. The company had a trading volume of 3,905 shares, compared to its average volume of 97,782. The stock has a market cap of $800.55, a PE ratio of 22.95 and a beta of 0.56. KMG Chemicals, Inc. has a 1 year low of $29.13 and a 1 year high of $61.10. The company has a debt-to-equity ratio of 3.01, a current ratio of 2.52 and a quick ratio of 1.64.
KMG Chemicals (NYSE:KMG) last issued its quarterly earnings results on Monday, October 16th. The specialty chemicals company reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.16. The firm had revenue of $96.26 million for the quarter, compared to analysts’ expectations of $96.00 million. KMG Chemicals had a return on equity of 17.45% and a net margin of 7.09%. The company’s quarterly revenue was up 27.8% compared to the same quarter last year. equities analysts anticipate that KMG Chemicals, Inc. will post 2.77 EPS for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN boosted its position in KMG Chemicals by 5.8% during the 3rd quarter. Wells Fargo & Company MN now owns 312,563 shares of the specialty chemicals company’s stock worth $17,154,000 after acquiring an additional 17,244 shares during the period. Cadence Capital Management LLC boosted its position in KMG Chemicals by 37.3% during the 3rd quarter. Cadence Capital Management LLC now owns 32,319 shares of the specialty chemicals company’s stock worth $1,774,000 after acquiring an additional 8,788 shares during the period. JPMorgan Chase & Co. acquired a new stake in KMG Chemicals during the 3rd quarter worth about $1,431,000. Virginia Retirement Systems ET AL acquired a new stake in KMG Chemicals during the 3rd quarter worth about $763,000. Finally, EAM Investors LLC boosted its position in KMG Chemicals by 4.9% during the 3rd quarter. EAM Investors LLC now owns 76,118 shares of the specialty chemicals company’s stock worth $4,177,000 after acquiring an additional 3,521 shares during the period. Hedge funds and other institutional investors own 58.44% of the company’s stock.
A number of research analysts recently issued reports on KMG shares. Zacks Investment Research lowered KMG Chemicals from a “buy” rating to a “hold” rating in a report on Tuesday, August 15th. BidaskClub lowered KMG Chemicals from a “buy” rating to a “hold” rating in a report on Friday, July 28th.
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.
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