American Century Companies Inc. grew its position in shares of KMG Chemicals, Inc. (NYSE:KMG) by 18.6% during the second quarter, HoldingsChannel.com reports. The firm owned 204,508 shares of the specialty chemicals company’s stock after buying an additional 32,083 shares during the period. American Century Companies Inc.’s holdings in KMG Chemicals were worth $15,089,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Wells Fargo & Company MN increased its stake in shares of KMG Chemicals by 7.9% in the second quarter. Wells Fargo & Company MN now owns 888,300 shares of the specialty chemicals company’s stock worth $65,539,000 after buying an additional 65,116 shares during the last quarter. BlackRock Inc. increased its stake in shares of KMG Chemicals by 1.8% in the first quarter. BlackRock Inc. now owns 851,037 shares of the specialty chemicals company’s stock worth $51,019,000 after buying an additional 14,736 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of KMG Chemicals by 2.9% in the first quarter. Dimensional Fund Advisors LP now owns 625,462 shares of the specialty chemicals company’s stock worth $37,496,000 after buying an additional 17,542 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of KMG Chemicals by 15.8% in the first quarter. Victory Capital Management Inc. now owns 400,242 shares of the specialty chemicals company’s stock worth $23,994,000 after buying an additional 54,693 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of KMG Chemicals by 3.9% in the first quarter. Principal Financial Group Inc. now owns 312,639 shares of the specialty chemicals company’s stock worth $18,743,000 after buying an additional 11,856 shares during the last quarter. Institutional investors own 89.00% of the company’s stock.

Shares of NYSE:KMG opened at $77.23 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.70 and a quick ratio of 1.71. The firm has a market capitalization of $1.21 billion, a P/E ratio of 34.00, a P/E/G ratio of 0.59 and a beta of 0.28. KMG Chemicals, Inc. has a 12-month low of $46.81 and a 12-month high of $79.35.

KMG Chemicals (NYSE:KMG) last issued its quarterly earnings results on Monday, June 11th. The specialty chemicals company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.26. The business had revenue of $118.60 million during the quarter, compared to analyst estimates of $112.87 million. KMG Chemicals had a net margin of 11.87% and a return on equity of 16.21%. The business’s revenue was up 45.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 earnings per share. equities research analysts predict that KMG Chemicals, Inc. will post 4.07 earnings per share for the current year.

In other KMG Chemicals news, VP Christopher W. Gonser sold 5,000 shares of the business’s stock in a transaction on Wednesday, June 20th. The shares were sold at an average price of $77.04, for a total transaction of $385,200.00. Following the completion of the sale, the vice president now owns 33,213 shares in the company, valued at $2,558,729.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 6.10% of the stock is owned by insiders.

A number of brokerages recently issued reports on KMG. Gabelli lowered shares of KMG Chemicals from a “buy” rating to a “hold” rating in a research note on Thursday, August 16th. ValuEngine upgraded shares of KMG Chemicals from a “hold” rating to a “buy” rating in a research note on Wednesday, August 15th. Zacks Investment Research lowered shares of KMG Chemicals from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 15th. Finally, KeyCorp restated an “equal weight” rating on shares of KMG Chemicals in a research note on Thursday, June 14th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $77.33.

About KMG Chemicals

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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