KMG Chemicals Inc (NYSE:KMG) Quarterly Sentiment Change Report

April 20, 2018 - By Louis Casey

KMG Chemicals, Inc. (NYSE:KMG) Logo

Sentiment for KMG Chemicals Inc (NYSE:KMG)

KMG Chemicals Inc (NYSE:KMG) institutional sentiment increased to 1.65 in 2017 Q4. Its up 0.70, from 0.95 in 2017Q3. The ratio increased, as 84 investment managers started new or increased equity positions, while 51 trimmed and sold stock positions in KMG Chemicals Inc. The investment managers in our partner’s database now hold: 11.87 million shares, up from 8.47 million shares in 2017Q3. Also, the number of investment managers holding KMG Chemicals Inc in their top 10 equity positions increased from 2 to 4 for an increase of 2. Sold All: 21 Reduced: 30 Increased: 49 New Position: 35.

KMG Chemicals, Inc., through its subsidiaries, makes, formulates, and distributes specialty chemicals worldwide. The company has market cap of $1.02 billion. The companyÂ’s Electronic Chemicals segment is involved in the sale of high purity and ultra purity wet process chemicals primarily to clean and etch silicon wafers in the production of semiconductors. It has a 20.58 P/E ratio. This segmentÂ’s products include sulfuric, phosphoric, and nitric and hydrofluoric acids; ammonium hydroxide; hydrogen peroxide; isopropyl alcohol; other specialty organic solvents; and various blends of chemicals.

The stock decreased 0.39% or $0.26 during the last trading session, reaching $65.66. About 8,612 shares traded. KMG Chemicals, Inc. (NYSE:KMG) has risen 41.92% since April 20, 2017 and is uptrending. It has outperformed by 30.37% the S&P500.

Analysts await KMG Chemicals, Inc. (NYSE:KMG) to report earnings on June, 8. They expect $0.87 EPS, up 64.15 % or $0.34 from last year’s $0.53 per share. KMG’s profit will be $13.49 million for 18.87 P/E if the $0.87 EPS becomes a reality. After $1.04 actual EPS reported by KMG Chemicals, Inc. for the previous quarter, Wall Street now forecasts -16.35 % negative EPS growth.

Trigran Investments Inc. holds 8.29% of its portfolio in KMG Chemicals, Inc. for 559,352 shares. Bard Associates Inc owns 57,120 shares or 1.81% of their US portfolio. Moreover, Redwood Investments Llc has 1.76% invested in the company for 378,242 shares. The Massachusetts-based Ironwood Investment Management Llc has invested 1.31% in the stock. Globeflex Capital L P, a California-based fund reported 47,261 shares.

Since January 1, 0001, it had 0 insider purchases, and 16 sales for $28.54 million activity.

KMG Chemicals, Inc. (NYSE:KMG) Ratings Coverage

Ratings analysis reveals 67% of KMG Chemicals’s analysts are positive. Out of 3 Wall Street analysts rating KMG Chemicals, 2 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $63 while the high is $74.0. The stock’s average target of $72.33 is 10.16% above today’s ($65.66) share price. KMG was included in 4 notes of analysts from November 21, 2017. KeyBanc Capital Markets maintained it with “Buy” rating and $70.0 target in Wednesday, December 13 report. On Thursday, February 22 the stock rating was maintained by Seaport Global with “Buy”.

KMG Chemicals, Inc. (NYSE:KMG) Institutional Positions Chart

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