Oil-Dri Co. of America (NYSE:ODC) Trading 8.3% Higher - What's Next?

Oil-Dri Co. of America (NYSE:ODC - Get Free Report) traded up 8.3% on Monday . The stock traded as high as $59.78 and last traded at $59.38. 59,644 shares were traded during trading, an increase of 46% from the average session volume of 40,955 shares. The stock had previously closed at $54.82.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Oil-Dri Co. of America from a "hold" rating to a "buy" rating in a report on Monday, April 28th.

Oil-Dri Co. of America Trading Up 1.7%

The firm has a market cap of $841.69 million, a PE ratio of 18.63 and a beta of 0.62. The business has a 50-day moving average price of $46.29 and a two-hundred day moving average price of $41.43. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.63 and a quick ratio of 1.61.

Oil-Dri Co. of America (NYSE:ODC - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The specialty chemicals company reported $0.80 EPS for the quarter. The firm had revenue of $115.50 million during the quarter. Oil-Dri Co. of America had a return on equity of 21.84% and a net margin of 9.92%.

Oil-Dri Co. of America Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 8th will be issued a $0.18 dividend. This is a boost from Oil-Dri Co. of America's previous quarterly dividend of $0.16. The ex-dividend date is Friday, August 8th. This represents a $0.72 annualized dividend and a yield of 1.25%. Oil-Dri Co. of America's payout ratio is 21.18%.

Insider Buying and Selling at Oil-Dri Co. of America

In other news, Director Ellen-Blair Chube sold 3,500 shares of Oil-Dri Co. of America stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $42.51, for a total value of $148,785.00. Following the transaction, the director now directly owns 11,820 shares of the company's stock, valued at $502,468.20. The trade was a 22.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 11.66% of the stock is owned by company insiders.

Hedge Funds Weigh In On Oil-Dri Co. of America

Several hedge funds and other institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. grew its position in Oil-Dri Co. of America by 17.8% in the fourth quarter. Victory Capital Management Inc. now owns 26,793 shares of the specialty chemicals company's stock valued at $2,348,000 after acquiring an additional 4,050 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Oil-Dri Co. of America by 18.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,500 shares of the specialty chemicals company's stock worth $570,000 after purchasing an additional 1,000 shares during the last quarter. Royce & Associates LP lifted its stake in Oil-Dri Co. of America by 2.5% in the fourth quarter. Royce & Associates LP now owns 166,000 shares of the specialty chemicals company's stock valued at $14,548,000 after buying an additional 4,000 shares during the last quarter. American Century Companies Inc. lifted its stake in Oil-Dri Co. of America by 11.5% in the fourth quarter. American Century Companies Inc. now owns 146,239 shares of the specialty chemicals company's stock valued at $12,816,000 after buying an additional 15,041 shares during the last quarter. Finally, LPL Financial LLC bought a new stake in Oil-Dri Co. of America in the fourth quarter valued at $235,000. 49.01% of the stock is owned by institutional investors and hedge funds.

About Oil-Dri Co. of America

Oil-Dri Corporation of America is a manufacturer and supplier of specialty sorbent products for the pet care, animal health and nutrition, fluids purification, agricultural ingredients, sports field, industrial and automotive markets. It operates through the Business to Business Products Group and Retail and Wholesale Products Group segments.