Shares of Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 58,875 shares changed hands during trading, an increase of 40% from the previous session's volume of 42,096 shares.The stock last traded at $62.58 and had previously closed at $60.67.
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut Oil-Dri Corporation Of America from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 22nd.
Check Out Our Latest Stock Analysis on Oil-Dri Corporation Of America
Oil-Dri Corporation Of America Stock Down 1.5%
The stock's fifty day simple moving average is $54.72 and its 200-day simple moving average is $47.63. The company has a current ratio of 2.83, a quick ratio of 1.85 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $886.18 million, a PE ratio of 17.81 and a beta of 0.65.
Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter. Oil-Dri Corporation Of America had a return on equity of 21.57% and a net margin of 10.44%. The business had revenue of $115.50 million for the quarter.
Oil-Dri Corporation Of America Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Friday, August 8th. This is an increase from Oil-Dri Corporation Of America's previous quarterly dividend of $0.16. Oil-Dri Corporation Of America's payout ratio is currently 21.18%.
Insider Buying and Selling at Oil-Dri Corporation Of America
In related news, Director Ellen-Blair Chube sold 2,500 shares of the firm's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $55.83, for a total transaction of $139,575.00. Following the sale, the director owned 9,320 shares of the company's stock, valued at approximately $520,335.60. This trade represents a 21.15% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 11.66% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of ODC. Allspring Global Investments Holdings LLC lifted its stake in shares of Oil-Dri Corporation Of America by 87.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 16,876 shares of the specialty chemicals company's stock worth $775,000 after buying an additional 7,863 shares in the last quarter. Rhumbline Advisers increased its position in Oil-Dri Corporation Of America by 97.6% during the 1st quarter. Rhumbline Advisers now owns 14,518 shares of the specialty chemicals company's stock valued at $667,000 after purchasing an additional 7,172 shares during the period. New York State Teachers Retirement System grew its position in shares of Oil-Dri Corporation Of America by 98.0% in the 1st quarter. New York State Teachers Retirement System now owns 891 shares of the specialty chemicals company's stock worth $41,000 after buying an additional 441 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Oil-Dri Corporation Of America by 94.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 17,567 shares of the specialty chemicals company's stock worth $807,000 after purchasing an additional 8,542 shares in the last quarter. Finally, Miracle Mile Advisors LLC raised its position in Oil-Dri Corporation Of America by 100.0% during the first quarter. Miracle Mile Advisors LLC now owns 28,000 shares of the specialty chemicals company's stock worth $1,286,000 after acquiring an additional 14,000 shares during the period. 49.01% of the stock is owned by institutional investors.
Oil-Dri Corporation Of America Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider Oil-Dri Corporation Of America, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oil-Dri Corporation Of America wasn't on the list.
While Oil-Dri Corporation Of America currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access