Virginia Retirement Systems ET AL acquired a new position in KMG Chemicals, Inc. (NYSE:KMG) during the third quarter, according to its most recent filing with the SEC. The firm acquired 13,900 shares of the specialty chemicals company’s stock, valued at approximately $763,000. Virginia Retirement Systems ET AL owned about 0.09% of KMG Chemicals as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the company. Creative Planning bought a new stake in shares of KMG Chemicals during the second quarter valued at approximately $105,000. Legal & General Group Plc boosted its position in shares of KMG Chemicals by 23.2% during the second quarter. Legal & General Group Plc now owns 2,198 shares of the specialty chemicals company’s stock valued at $106,000 after purchasing an additional 414 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of KMG Chemicals by 59.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 2,620 shares of the specialty chemicals company’s stock valued at $128,000 after purchasing an additional 981 shares in the last quarter. Victory Capital Management Inc. bought a new stake in shares of KMG Chemicals during the third quarter valued at approximately $155,000. Finally, Hodges Capital Management Inc. bought a new stake in shares of KMG Chemicals during the third quarter valued at approximately $221,000. Hedge funds and other institutional investors own 56.20% of the company’s stock.

Several equities research analysts recently weighed in on the company. ValuEngine lowered KMG Chemicals from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. KeyCorp assumed coverage on KMG Chemicals in a research report on Tuesday, November 21st. They set an “overweight” rating and a $63.00 price target on the stock. Zacks Investment Research lowered KMG Chemicals from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. Finally, BidaskClub lowered KMG Chemicals from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $50.00.

In other KMG Chemicals news, major shareholder David L. Hatcher sold 6,000 shares of KMG Chemicals stock in a transaction on Friday, December 8th. The stock was sold at an average price of $53.93, for a total transaction of $323,580.00. Following the completion of the transaction, the insider now owns 1,397,097 shares in the company, valued at $75,345,441.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder David L. Hatcher sold 9,000 shares of KMG Chemicals stock in a transaction on Friday, September 15th. The shares were sold at an average price of $49.02, for a total value of $441,180.00. Following the transaction, the insider now owns 1,577,097 shares of the company’s stock, valued at approximately $77,309,294.94. The disclosure for this sale can be found here. Insiders have sold 228,000 shares of company stock valued at $12,096,450 in the last quarter. 6.10% of the stock is owned by company insiders.

Shares of KMG Chemicals, Inc. (NYSE:KMG) traded up $1.49 during trading hours on Friday, reaching $55.05. The company’s stock had a trading volume of 224,466 shares, compared to its average volume of 137,546. The stock has a market capitalization of $845.90, a PE ratio of 24.25 and a beta of 0.55. KMG Chemicals, Inc. has a 1-year low of $32.05 and a 1-year high of $61.10. The company has a quick ratio of 1.64, a current ratio of 2.52 and a debt-to-equity ratio of 3.01.

KMG Chemicals (NYSE:KMG) last announced its quarterly earnings data on Monday, October 16th. The specialty chemicals company reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.16. The business had revenue of $96.26 million during the quarter, compared to analysts’ expectations of $96.00 million. KMG Chemicals had a return on equity of 17.45% and a net margin of 7.09%. The business’s revenue was up 27.8% compared to the same quarter last year. sell-side analysts predict that KMG Chemicals, Inc. will post 2.76 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 22nd will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date of this dividend is Thursday, December 21st. KMG Chemicals’s payout ratio is 6.25%.

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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.

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

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