Shares of KMG Chemicals, Inc. (NYSE:KMG) have been given an average broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy recommendation.

Analysts have set a twelve-month consensus target price of $72.00 for the company and are expecting that the company will post $0.72 earnings per share for the current quarter, according to Zacks. Zacks has also given KMG Chemicals an industry rank of 184 out of 265 based on the ratings given to its competitors.

Several equities research analysts have commented on KMG shares. KeyCorp started coverage on shares of KMG Chemicals in a report on Tuesday, November 21st. They set an “overweight” rating and a $63.00 price objective on the stock. Zacks Investment Research raised shares of KMG Chemicals from a “sell” rating to a “hold” rating and set a $70.00 price objective on the stock in a report on Thursday, December 14th. Finally, ValuEngine downgraded shares of KMG Chemicals from a “buy” rating to a “hold” rating in a report on Friday, December 1st.

KMG Chemicals (NYSE:KMG) traded down $1.27 during midday trading on Friday, reaching $65.76. 246,783 shares of the company’s stock traded hands, compared to its average volume of 156,759. The stock has a market capitalization of $1,010.86, a P/E ratio of 34.43 and a beta of 0.53. KMG Chemicals has a 1-year low of $36.29 and a 1-year high of $68.13. 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 Monday, December 11th. The specialty chemicals company reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.20. The business had revenue of $110.70 million for the quarter, compared to the consensus estimate of $106.60 million. KMG Chemicals had a net margin of 6.46% and a return on equity of 15.41%. KMG Chemicals’s revenue for the quarter was up 44.7% on a year-over-year basis. equities research analysts expect that KMG Chemicals will post 3.17 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Friday, December 22nd were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date of this dividend was Thursday, December 21st. KMG Chemicals’s payout ratio is 6.28%.

In other news, major shareholder David L. Hatcher sold 12,000 shares of the stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $54.83, for a total value of $657,960.00. Following the sale, the insider now directly owns 1,499,097 shares of the company’s stock, valued at $82,195,488.51. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder David L. Hatcher sold 3,000 shares of the stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $55.03, for a total transaction of $165,090.00. Following the completion of the sale, the insider now directly owns 1,508,097 shares in the company, valued at $82,990,577.91. The disclosure for this sale can be found here. Over the last three months, insiders sold 393,000 shares of company stock worth $24,315,180. Insiders own 6.10% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Legal & General Group Plc increased its position in shares of KMG Chemicals by 23.2% in the second quarter. Legal & General Group Plc now owns 2,198 shares of the specialty chemicals company’s stock worth $106,000 after purchasing an additional 414 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of KMG Chemicals by 59.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 2,620 shares of the specialty chemicals company’s stock worth $128,000 after purchasing an additional 981 shares during the last quarter. Victory Capital Management Inc. bought a new position in shares of KMG Chemicals in the third quarter worth approximately $155,000. Hodges Capital Management Inc. bought a new position in shares of KMG Chemicals in the third quarter worth approximately $221,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of KMG Chemicals in the second quarter worth approximately $242,000. 56.17% of the stock is currently owned by hedge funds and other institutional investors.

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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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