KMG Chemicals, Inc. (NYSE:KMG) has been assigned an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Brokers have set a 12-month consensus price target of $40.50 for the company and are expecting that the company will post $0.47 earnings per share for the current quarter, according to Zacks. Zacks has also assigned KMG Chemicals an industry rank of 160 out of 265 based on the ratings given to related companies.
In other KMG Chemicals news, VP Ernest C. Kremling II sold 1,850 shares of the stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $42.85, for a total transaction of $79,272.50. Following the completion of the sale, the vice president now directly owns 33,299 shares of the company’s stock, valued at approximately $1,426,862.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Andrew C. Lau sold 9,926 shares of the stock in a transaction that occurred on Tuesday, March 28th. The stock was sold at an average price of $43.10, for a total value of $427,810.60. Following the sale, the vice president now directly owns 1 shares of the company’s stock, valued at $43.10. The disclosure for this sale can be found here. Insiders have sold a total of 98,876 shares of company stock valued at $4,278,521 over the last ninety days. 6.90% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the company. Acrospire Investment Management LLC boosted its stake in KMG Chemicals by 9.7% in the third quarter. Acrospire Investment Management LLC now owns 5,517 shares of the specialty chemicals company’s stock valued at $156,000 after buying an additional 490 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in KMG Chemicals during the fourth quarter valued at approximately $257,000. Trexquant Investment LP acquired a new stake in KMG Chemicals during the fourth quarter valued at approximately $266,000. Spark Investment Management LLC acquired a new stake in KMG Chemicals during the third quarter valued at approximately $209,000. Finally, PEAK6 Investments L.P. acquired a new stake in KMG Chemicals during the fourth quarter valued at approximately $494,000. 68.39% of the stock is owned by institutional investors.
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Shares of KMG Chemicals (NYSE:KMG) traded down 1.13% during midday trading on Tuesday, reaching $44.60. The company had a trading volume of 55,804 shares. The company has a market capitalization of $530.16 million, a P/E ratio of 24.10 and a beta of 0.63. The company’s 50 day moving average price is $42.32 and its 200-day moving average price is $36.27. KMG Chemicals has a 52 week low of $20.85 and a 52 week high of $46.80.
KMG Chemicals (NYSE:KMG) last posted its quarterly earnings data on Monday, March 13th. The specialty chemicals company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.15. KMG Chemicals had a return on equity of 14.25% and a net margin of 6.66%. The company earned $79.10 million during the quarter, compared to analysts’ expectations of $73.70 million. The firm’s revenue was up 11.6% compared to the same quarter last year. On average, equities research analysts predict that KMG Chemicals will post $2.03 earnings per share for the current fiscal 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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