KMG Chemicals, Inc. (NYSE:KMG) major shareholder David L. Hatcher sold 6,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $52.13, for a total transaction of $312,780.00. Following the sale, the insider now directly owns 1,454,097 shares in the company, valued at $75,802,076.61. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
KMG Chemicals, Inc. (KMG) traded up $0.36 during trading on Monday, hitting $52.95. 303,500 shares of the company’s stock traded hands, compared to its average volume of 99,161. KMG Chemicals, Inc. has a one year low of $29.13 and a one year high of $61.10. The firm has a market cap of $813.61, a PE ratio of 23.33 and a beta of 0.56. 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 released its quarterly earnings results on Monday, October 16th. The specialty chemicals company reported $0.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.16. KMG Chemicals had a net margin of 7.09% and a return on equity of 17.45%. The company had revenue of $96.26 million for the quarter, compared to analysts’ expectations of $96.00 million. The firm’s quarterly revenue was up 27.8% compared to the same quarter last year. equities research analysts predict that KMG Chemicals, Inc. will post 2.77 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Tuesday, October 10th were issued a dividend of $0.03 per share. The ex-dividend date was Friday, October 6th. This represents a $0.12 annualized dividend and a dividend yield of 0.23%. KMG Chemicals’s payout ratio is currently 6.25%.
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KMG has been the topic of several analyst reports. Zacks Investment Research cut shares of KMG Chemicals from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. BidaskClub cut shares of KMG Chemicals from a “buy” rating to a “hold” rating in a research note on Friday, July 28th.
Several hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its holdings in shares of KMG Chemicals by 1.6% during the 2nd 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 during the period. American International Group Inc. lifted its holdings in shares of KMG Chemicals by 7.0% during the 1st quarter. American International Group Inc. now owns 5,547 shares of the specialty chemicals company’s stock worth $256,000 after acquiring an additional 365 shares during the period. Legal & General Group Plc lifted its holdings in shares of 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 acquiring an additional 414 shares during the period. Voya Investment Management LLC lifted its holdings in shares of KMG Chemicals by 8.0% during the 2nd 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 during the period. Finally, WCM Investment Management CA lifted its holdings in shares of KMG Chemicals by 1.0% during the 2nd quarter. WCM Investment Management CA now owns 57,405 shares of the specialty chemicals company’s stock worth $2,794,000 after acquiring an additional 565 shares during the period. Institutional investors and hedge funds own 57.67% of the company’s stock.
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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