Swiss National Bank grew its holdings in KMG Chemicals, Inc. (NYSE:KMG) by 41.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,300 shares of the specialty chemicals company’s stock after acquiring an additional 6,500 shares during the period. Swiss National Bank’s holdings in KMG Chemicals were worth $1,474,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also bought and sold shares of the business. Teacher Retirement System of Texas acquired a new position in shares of KMG Chemicals in the fourth quarter worth $290,000. Hodges Capital Management Inc. grew its stake in shares of KMG Chemicals by 2,760.9% in the fourth quarter. Hodges Capital Management Inc. now owns 115,295 shares of the specialty chemicals company’s stock worth $7,619,000 after acquiring an additional 111,265 shares in the last quarter. American Century Companies Inc. grew its stake in shares of KMG Chemicals by 151.2% in the fourth quarter. American Century Companies Inc. now owns 125,418 shares of the specialty chemicals company’s stock worth $8,288,000 after acquiring an additional 75,499 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of KMG Chemicals by 12,127.5% in the fourth quarter. Victory Capital Management Inc. now owns 345,549 shares of the specialty chemicals company’s stock worth $22,834,000 after acquiring an additional 342,723 shares in the last quarter. Finally, Algert Global LLC grew its stake in shares of KMG Chemicals by 28.7% in the fourth quarter. Algert Global LLC now owns 13,546 shares of the specialty chemicals company’s stock worth $895,000 after acquiring an additional 3,020 shares in the last quarter. Institutional investors and hedge funds own 81.01% of the company’s stock.
In other news, major shareholder David L. Hatcher sold 45,000 shares of KMG Chemicals stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $66.12, for a total transaction of $2,975,400.00. Following the completion of the sale, the insider now directly owns 1,358,097 shares of the company’s stock, valued at approximately $89,797,373.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder David L. Hatcher sold 6,000 shares of KMG Chemicals stock in a transaction on Friday, December 15th. The stock was sold at an average price of $62.82, for a total transaction of $376,920.00. Following the sale, the insider now directly owns 1,382,097 shares of the company’s stock, valued at $86,823,333.54. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 612,000 shares of company stock valued at $38,473,290. Corporate insiders own 6.10% of the company’s stock.
Shares of KMG Chemicals, Inc. (NYSE KMG) opened at $69.46 on Tuesday. The stock has a market cap of $1,076.68, a price-to-earnings ratio of 22.67 and a beta of 0.37. KMG Chemicals, Inc. has a 1 year low of $37.29 and a 1 year high of $70.60. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.92 and a current ratio of 2.87.
KMG Chemicals (NYSE:KMG) last released its quarterly earnings data on Thursday, March 8th. The specialty chemicals company reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.32. The business had revenue of $113.90 million during the quarter, compared to analysts’ expectations of $112.57 million. KMG Chemicals had a net margin of 10.59% and a return on equity of 18.32%. The company’s revenue for the quarter was up 44.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.57 EPS. research analysts anticipate that KMG Chemicals, Inc. will post 3.17 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Monday, March 12th will be given a dividend of $0.03 per share. The ex-dividend date is Friday, March 9th. This represents a $0.12 annualized dividend and a dividend yield of 0.17%. KMG Chemicals’s dividend payout ratio (DPR) is currently 4.04%.
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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