Oil-Dri Corporation Of America (NYSE:ODC) Reaches New 1-Year High - Time to Buy?

Key Points

• Oil-Dri Corporation of America (NYSE:ODC) reached a new 52-week high, trading at $67.74, indicating strong market performance with over 42,000 shares exchanged.
• Recent analyst activity includes a downgrade by Wall Street Zen from a "strong-buy" to a "buy" rating, suggesting a potential reassessment of the stock's value.
• Insider trading shows significant sales, with directors selling 3,500 shares collectively, representing substantial decreases in their ownership of the company's stock.

Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $67.74 and last traded at $67.67, with a volume of 42162 shares traded. The stock had previously closed at $66.77.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Oil-Dri Corporation Of America from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 22nd.

Oil-Dri Corporation Of America Stock Down 4.9%

The firm has a 50-day moving average of $60.78 and a two-hundred day moving average of $53.19. The company has a quick ratio of 1.85, a current ratio of 2.83 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $959.52 million, a price-to-earnings ratio of 19.28 and a beta of 0.69.

Insider Transactions at Oil-Dri Corporation Of America

In other Oil-Dri Corporation Of America news, VP Christopher B. Lamson sold 2,500 shares of the business's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $61.75, for a total value of $154,375.00. Following the transaction, the vice president owned 11,453 shares in the company, valued at $707,222.75. The trade was a 17.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Amy Ryan sold 1,000 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $60.62, for a total value of $60,620.00. Following the completion of the transaction, the director owned 2,900 shares in the company, valued at $175,798. This trade represents a 25.64% decrease in their position. The disclosure for this sale can be found here. Insiders own 11.66% of the company's stock.

Institutional Trading of Oil-Dri Corporation Of America

Large investors have recently made changes to their positions in the stock. Trust Co. of Vermont boosted its stake in shares of Oil-Dri Corporation Of America by 100.0% during the 1st quarter. Trust Co. of Vermont now owns 600 shares of the specialty chemicals company's stock worth $28,000 after acquiring an additional 300 shares in the last quarter. MAI Capital Management boosted its stake in Oil-Dri Corporation Of America by 100.0% during the 1st quarter. MAI Capital Management now owns 600 shares of the specialty chemicals company's stock valued at $28,000 after purchasing an additional 300 shares during the period. Russell Investments Group Ltd. boosted its stake in Oil-Dri Corporation Of America by 57.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 502 shares of the specialty chemicals company's stock valued at $30,000 after purchasing an additional 183 shares during the period. New York State Teachers Retirement System boosted its stake in Oil-Dri Corporation Of America by 98.0% during the 1st quarter. New York State Teachers Retirement System now owns 891 shares of the specialty chemicals company's stock valued at $41,000 after purchasing an additional 441 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Oil-Dri Corporation Of America during the 2nd quarter valued at approximately $45,000. Institutional investors own 49.01% of the company's stock.

Oil-Dri Corporation Of America Company Profile

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.