Bowling Portfolio Management LLC Grows Holdings in KMG Chemicals, Inc. (KMG)

Bowling Portfolio Management LLC raised its stake in KMG Chemicals, Inc. (NYSE:KMG) by 28.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 33,958 shares of the specialty chemicals company’s stock after acquiring an additional 7,565 shares during the quarter. Bowling Portfolio Management LLC’s holdings in KMG Chemicals were worth $2,244,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Legal & General Group Plc raised 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 purchasing an additional 414 shares during the period. Victory Capital Management Inc. purchased a new stake in shares of KMG Chemicals during the third quarter worth about $155,000. Hodges Capital Management Inc. purchased a new stake in shares of KMG Chemicals during the third quarter worth about $221,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of KMG Chemicals during the third quarter worth about $244,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of KMG Chemicals during the second quarter worth about $242,000. 56.28% of the stock is currently owned by institutional investors.

Shares of KMG Chemicals, Inc. (KMG) opened at $61.69 on Tuesday. The company has a quick ratio of 1.92, a current ratio of 2.87 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $948.32, a PE ratio of 32.30 and a beta of 0.53. KMG Chemicals, Inc. has a fifty-two week low of $36.29 and a fifty-two week high of $68.13.

KMG Chemicals (NYSE:KMG) last announced its quarterly earnings data on Monday, December 11th. The specialty chemicals company reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.20. The firm had revenue of $110.70 million during the quarter, compared to analyst estimates of $106.60 million. KMG Chemicals had a return on equity of 15.41% and a net margin of 6.46%. KMG Chemicals’s quarterly revenue was up 44.7% on a year-over-year basis. equities analysts anticipate that KMG Chemicals, Inc. will post 3.17 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Friday, December 22nd were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.19%. The ex-dividend date was Thursday, December 21st. KMG Chemicals’s dividend payout ratio is currently 6.28%.

In other KMG Chemicals news, major shareholder David L. Hatcher sold 9,000 shares of KMG Chemicals stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $54.82, for a total value of $493,380.00. Following the completion of the transaction, the insider now directly owns 1,478,097 shares in the company, valued at $81,029,277.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder David L. Hatcher sold 3,000 shares of KMG Chemicals stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $55.09, for a total value of $165,270.00. Following the completion of the transaction, the insider now owns 1,478,097 shares of the company’s stock, valued at $81,428,363.73. The disclosure for this sale can be found here. Over the last three months, insiders sold 408,000 shares of company stock valued at $25,559,820. 6.10% of the stock is owned by corporate insiders.

KMG has been the topic of a number of analyst reports. KeyCorp reaffirmed a “buy” rating and set a $70.00 target price (up from $63.00) on shares of KMG Chemicals in a research report on Wednesday, December 13th. ValuEngine lowered KMG Chemicals from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research raised KMG Chemicals from a “sell” rating to a “hold” rating and set a $70.00 target price on the stock in a research report on Thursday, December 14th. Finally, Goldman Sachs Group initiated coverage on KMG Chemicals in a research report on Monday. They set a “neutral” rating and a $73.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $71.00.

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

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