Shares of KMG Chemicals, Inc. (NYSE:KMG) have been assigned an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Brokers have set a 1 year consensus price target of $49.50 for the company and are forecasting that the company will post $0.53 EPS for the current quarter, according to Zacks. Zacks has also given KMG Chemicals an industry rank of 157 out of 265 based on the ratings given to its competitors.
A number of analysts have issued reports on the stock. Gabelli upgraded shares of KMG Chemicals from a “hold” rating to a “buy” rating in a research note on Monday, May 1st. BidaskClub cut shares of KMG Chemicals from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Finally, Zacks Investment Research cut shares of KMG Chemicals from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th.
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In related news, major shareholder David L. Hatcher sold 6,000 shares of the business’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $47.62, for a total transaction of $285,720.00. Following the transaction, the insider now owns 1,631,097 shares of the company’s stock, valued at $77,672,839.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder David L. Hatcher sold 9,000 shares of the business’s stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $46.85, for a total transaction of $421,650.00. Following the transaction, the insider now directly owns 1,751,097 shares in the company, valued at approximately $82,038,894.45. The disclosure for this sale can be found here. Insiders have sold 189,000 shares of company stock worth $9,363,180 in the last ninety days. 6.90% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in the stock. State Street Corp raised its stake in shares of KMG Chemicals by 3.0% in the fourth quarter. State Street Corp now owns 139,844 shares of the specialty chemicals company’s stock valued at $5,439,000 after buying an additional 4,038 shares during the period. Teachers Advisors LLC raised its stake in shares of KMG Chemicals by 45.6% in the fourth quarter. Teachers Advisors LLC now owns 20,185 shares of the specialty chemicals company’s stock valued at $785,000 after buying an additional 6,322 shares during the period. Youngs Advisory Group Inc. raised its stake in shares of KMG Chemicals by 1.8% in the first quarter. Youngs Advisory Group Inc. now owns 29,397 shares of the specialty chemicals company’s stock valued at $1,354,000 after buying an additional 508 shares during the period. Acadian Asset Management LLC raised its stake in shares of KMG Chemicals by 24.3% in the first quarter. Acadian Asset Management LLC now owns 192,779 shares of the specialty chemicals company’s stock valued at $8,881,000 after buying an additional 37,679 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of KMG Chemicals by 28.8% in the first quarter. Russell Investments Group Ltd. now owns 3,481 shares of the specialty chemicals company’s stock valued at $160,000 after buying an additional 778 shares during the period. 72.76% of the stock is currently owned by hedge funds and other institutional investors.
Shares of KMG Chemicals (NYSE:KMG) traded up 1.42% on Friday, hitting $47.72. 51,705 shares of the stock were exchanged. KMG Chemicals has a one year low of $25.87 and a one year high of $61.10. The firm’s 50 day moving average price is $49.94 and its 200 day moving average price is $47.27. The firm has a market cap of $567.34 million, a price-to-earnings ratio of 26.18 and a beta of 0.58.
KMG Chemicals (NYSE:KMG) last posted its quarterly earnings results on Friday, June 9th. The specialty chemicals company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.47 by $0.06. The business had revenue of $81.60 million during the quarter, compared to analysts’ expectations of $79.78 million. KMG Chemicals had a net margin of 7.05% and a return on equity of 15.66%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the company posted $0.41 earnings per share. Equities analysts anticipate that KMG Chemicals will post $2.09 earnings per share for the current year.
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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