KMG Chemicals, Inc. (KMG) Holdings Increased by Teachers Advisors LLC

Teachers Advisors LLC boosted its position in KMG Chemicals, Inc. (NYSE:KMG) by 38.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,325 shares of the specialty chemicals company’s stock after purchasing an additional 6,455 shares during the quarter. Teachers Advisors LLC owned about 0.15% of KMG Chemicals worth $1,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KMG. Earnest Partners LLC purchased a new stake in shares of KMG Chemicals during the 4th quarter valued at $112,000. Ramsey Quantitative Systems purchased a new stake in shares of KMG Chemicals during the 4th quarter valued at $138,000. IPG Investment Advisors LLC purchased a new stake in shares of KMG Chemicals during the 4th quarter valued at $247,000. Teacher Retirement System of Texas purchased a new stake in shares of KMG Chemicals during the 4th quarter valued at $290,000. Finally, American International Group Inc. raised its position in shares of KMG Chemicals by 42.6% during the 4th quarter. American International Group Inc. now owns 8,823 shares of the specialty chemicals company’s stock valued at $583,000 after buying an additional 2,636 shares in the last quarter. Institutional investors and hedge funds own 81.01% of the company’s stock.

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Several analysts have recently weighed in on KMG shares. Goldman Sachs started coverage on shares of KMG Chemicals in a research report on Monday, January 22nd. They set a “neutral” rating and a $73.00 price objective on the stock. ValuEngine upgraded shares of KMG Chemicals from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Finally, Zacks Investment Research upgraded shares of KMG Chemicals from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research report on Wednesday, March 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $73.67.

In related news, major shareholder David L. Hatcher sold 30,000 shares of KMG Chemicals stock in a transaction on Friday, January 26th. The shares were sold at an average price of $62.96, for a total value of $1,888,800.00. Following the transaction, the insider now owns 1,046,097 shares in the company, valued at approximately $65,862,267.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder David L. Hatcher sold 15,000 shares of KMG Chemicals stock in a transaction on Friday, February 9th. The stock was sold at an average price of $57.40, for a total transaction of $861,000.00. Following the completion of the transaction, the insider now owns 896,097 shares in the company, valued at approximately $51,435,967.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 315,000 shares of company stock worth $19,031,100. 6.10% of the stock is owned by corporate insiders.

KMG Chemicals stock opened at $66.62 on Thursday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.89 and a current ratio of 2.95. The firm has a market cap of $1,036.71, a PE ratio of 29.35 and a beta of 0.40. KMG Chemicals, Inc. has a fifty-two week low of $43.15 and a fifty-two week high of $70.60.

KMG Chemicals (NYSE:KMG) last issued its earnings results on Thursday, March 8th. The specialty chemicals company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.32. The company had revenue of $113.90 million for the quarter, compared to analysts’ expectations of $112.57 million. KMG Chemicals had a net margin of 10.59% and a return on equity of 15.69%. The firm’s revenue was up 44.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.57 EPS. equities analysts forecast that KMG Chemicals, Inc. will post 3.54 earnings per share for the current year.

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KMG Chemicals Company Profile

KMG Chemicals, Inc, through its subsidiaries, manufactures, formulates, and distributes specialty chemicals and performance materials worldwide. The company's Electronic Chemicals segment is involved in the sale of high purity process chemicals primarily to etch and clean silicon wafers in the production of semiconductors, photovoltaics, and flat panel displays.

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Institutional Ownership by Quarter for KMG Chemicals (NYSE:KMG)

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