Insider Trading Review: KMG Chemicals, Inc. $KMG

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KMG Chemicals, Inc. (NYSE:KMG) insider have most recently took part in a trading activity. On Jun 22, 2017 Fraser Christopher T., President and CEO bought 4,000 shares having total worth of $187,960 at the price of $46.99 per share, following the transaction a total of 173,043 shares owned by Fraser Christopher T..

The stock has experienced a total of 22 insider trades in the past three months. These trades include 21 sell activities and 1 buy trades. Furthermore, over the past 12 months , the stock was traded 28 times by insiders. In 27 of these trades, the insider was a seller while an employee of the company was the buyer in 1 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 1 21 24.37%
12 Month 1 27 117.84%

Shares of KMG Chemicals, Inc. (NYSE:KMG) traded down 0.02% on Jun 22, 2017, hitting $46.35. 102,768 shares of the company’s stock traded hands. KMG Chemicals, Inc. has a 52 week low of $19.6 and a 52 week high of $60.17. The company’s market cap is $329 million.

KMG Chemicals, Inc. (NYSE:KMG) last announced its earnings results on Jun 9, 2017. The company reported 0.53 earnings per share (EPS) for the quarter, higher than the consensus estimate of 0.47 by $0.06. The company had revenue of $82 million for the quarter, compared to the consensus estimate of $80 million. During the same quarter in the previous year, the company posted 0.41 earnings per share. The company’s revenue for the quarter was up 9% on a year-over-year basis.

2017-06-09 2017-03-13 2016-12-12 2016-10-13 2016-06-09 2016-03-10 2015-12-10 2015-10-14 2015-06-09 2015-03-12
earnings per share 0.53 0.57 0.48 0.38 0.41 0.40 0.42 0.32 0.35 0.30
Revenue(M) 81.62 79.07 76.5 75.3 75.17 70.86 76.65 75.99 73.96 79.76

KMG Chemicals, Inc. was incorporated in Texas. The Company is involved mainly in the manufacture and sale of specialty chemicals in carefully focused markets through its two wholly-owned subsidiaries, KMG-Bernuth, Inc. and KMG Electronic Chemicals, Inc. The Company has two reportable segments: Electronic Chemicals and Wood Treating Chemicals. Its electronic chemicals business sells high purity wet process chemicals primarily to the semiconductor industry. High purity process chemicals are used to clean and etch silicon wafers in the production of semiconductors. The business was acquired in December 2007 from Air Products and Chemicals, Inc. (“Air Products”), and expanded with its purchase in March 2010 of the electronic chemicals business of General Chemical Performance Products LLP (“General Chemical”). The Company’s products include sulfuric, phosphoric, nitric and hydrofluoric acids, ammonium hydroxide, hydrogen peroxide, isopropyl alcohol and various blends of chemicals. Wood Treating Chemicals segment supply penta and creosote to industrial customers who use these products to extend the useful life of wood, primarily utility poles and railroad crossties. Its penta products include penta blocks, solutions and hydrochloric acid, a byproduct of penta production. Penta is used primarily to treat utility poles, protecting them from insect damage and decay. The Company estimates that approximately two million treated utility poles are purchased each year by electric utility companies in the United States and that approximately 45% are treated with penta. The Company manufactures solid penta blocks at its facility in Matamoros, Mexico. The Company sells solid penta to its customers, or make it into a liquid solution of penta concentrate at its Matamoros, Mexico and Tuscaloosa, Alabama facilities. The Company sells to its electronic chemicals customers through a combination of strategic account managers and account managers organized by geographic region. The Company’s wood treating chemicals are sold in the United States through an internal sales force. Its operations are subject to extensive federal, state and local laws, regulations and ordinances in the United States and abroad relating to the generation, storage, handling, emission, disposal, transportation and discharge of certain materials, substances and waste into the environment, and various other health and safety matters.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.