KMG Chemicals, Inc. (NYSE:KMG) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Saturday.

Separately, Gabelli upgraded shares of KMG Chemicals from a “hold” rating to a “buy” rating in a research report on Monday, May 1st.

KMG Chemicals (KMG) opened at 47.66 on Friday. The company has a 50-day moving average of $49.93 and a 200-day moving average of $46.90. The company has a market cap of $566.63 million, a P/E ratio of 26.14 and a beta of 0.58. KMG Chemicals has a 52-week low of $25.87 and a 52-week high of $61.10.

KMG Chemicals (NYSE:KMG) last released its earnings results on Friday, June 9th. The specialty chemicals company reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.06. KMG Chemicals had a net margin of 7.05% and a return on equity of 15.66%. The company had revenue of $81.60 million for the quarter, compared to the consensus estimate of $79.78 million. During the same quarter in the previous year, the company earned $0.41 EPS. KMG Chemicals’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, equities research analysts expect that KMG Chemicals will post $2.09 earnings per share for the current fiscal year.

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In other KMG Chemicals news, insider Christopher T. Fraser acquired 4,000 shares of the stock in a transaction on Thursday, June 22nd. The shares were purchased at an average price of $46.99 per share, for a total transaction of $187,960.00. Following the completion of the acquisition, the insider now owns 173,043 shares in the company, valued at approximately $8,131,290.57. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Jeffrey S. Handelman acquired 2,000 shares of the stock in a transaction on Friday, June 16th. The shares were acquired at an average price of $48.50 per share, for a total transaction of $97,000.00. Following the acquisition, the senior vice president now owns 2,000 shares of the company’s stock, valued at approximately $97,000. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 186,000 shares of company stock worth $9,347,100. Corporate insiders own 6.90% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Planning acquired a new position in KMG Chemicals during the second quarter valued at $105,000. Legal & General Group Plc increased its position in 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 valued at $106,000 after buying an additional 414 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in 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 valued at $128,000 after buying an additional 981 shares during the last quarter. Russell Investments Group Ltd. increased its position in 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 last quarter. Finally, AXA acquired a new position in KMG Chemicals during the first quarter valued at $208,000. Hedge funds and other institutional investors own 71.23% of the company’s stock.

KMG Chemicals Company Profile

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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