David L. Hatcher Sells 6,000 Shares of KMG Chemicals, Inc. (KMG) Stock

KMG Chemicals, Inc. (NYSE:KMG) major shareholder David L. Hatcher sold 6,000 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $51.25, for a total transaction of $307,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of KMG Chemicals, Inc. (NYSE KMG) opened at $52.10 on Friday. 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, Inc. has a 12 month low of $31.46 and a 12 month high of $61.10. The company has a market cap of $800.57, a price-to-earnings ratio of 22.95 and a beta of 0.56.

KMG Chemicals (NYSE:KMG) last issued its 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. The business had revenue of $96.26 million for the quarter, compared to analyst estimates of $96.00 million. KMG Chemicals had a net margin of 7.09% and a return on equity of 17.45%. The firm’s quarterly revenue was up 27.8% on a year-over-year basis. sell-side analysts anticipate that KMG Chemicals, Inc. will post 2.77 earnings per share for the current year.

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A number of equities research analysts have recently commented on KMG shares. BidaskClub lowered shares of KMG Chemicals from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Zacks Investment Research lowered shares of KMG Chemicals from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. California Public Employees Retirement System boosted its stake 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. Allianz Asset Management GmbH boosted its stake in KMG Chemicals by 31.4% during the third quarter. Allianz Asset Management GmbH now owns 91,022 shares of the specialty chemicals company’s stock worth $4,995,000 after acquiring an additional 21,738 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in KMG Chemicals by 93.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 35,571 shares of the specialty chemicals company’s stock worth $1,953,000 after acquiring an additional 17,171 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in KMG Chemicals during the third quarter worth $244,000. Finally, Wells Fargo & Company MN boosted its stake in KMG Chemicals by 5.8% during the third 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 in the last quarter. 57.67% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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