Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $60.70 and last traded at $60.21, with a volume of 77222 shares trading hands. The stock had previously closed at $58.99.
Wall Street Analyst Weigh In
Separately, Wall Street Zen lowered Oil-Dri Corporation Of America from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 22nd.
Read Our Latest Report on Oil-Dri Corporation Of America
Oil-Dri Corporation Of America Stock Up 2.1%
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 company's fifty day simple moving average is $50.41 and its 200 day simple moving average is $45.40. The firm has a market capitalization of $881.53 million, a PE ratio of 17.71 and a beta of 0.65.
Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The specialty chemicals company reported $0.80 earnings per share for the quarter. The company had revenue of $115.50 million for the quarter. Oil-Dri Corporation Of America had a return on equity of 21.57% and a net margin of 10.44%.
Oil-Dri Corporation Of America Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $0.72 annualized dividend and a yield of 1.20%. This is a positive change from Oil-Dri Corporation Of America's previous quarterly dividend of $0.16. Oil-Dri Corporation Of America's payout ratio is presently 18.24%.
Insider Buying and Selling at Oil-Dri Corporation Of America
In other news, Director Ellen-Blair Chube sold 3,500 shares of the business's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $42.51, for a total value of $148,785.00. Following the sale, the director directly owned 11,820 shares of the company's stock, valued at $502,468.20. The trade was a 22.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 11.66% of the company's stock.
Institutional Trading of Oil-Dri Corporation Of America
Several institutional investors have recently bought and sold shares of the company. Gamco Investors INC. ET AL lifted its stake in shares of Oil-Dri Corporation Of America by 99.3% in the first quarter. Gamco Investors INC. ET AL now owns 799,112 shares of the specialty chemicals company's stock worth $36,695,000 after buying an additional 398,056 shares in the last quarter. Vanguard Group Inc. lifted its position in Oil-Dri Corporation Of America by 119.3% in the 1st quarter. Vanguard Group Inc. now owns 612,195 shares of the specialty chemicals company's stock valued at $28,112,000 after acquiring an additional 333,053 shares in the last quarter. Needham Investment Management LLC lifted its position in Oil-Dri Corporation Of America by 100.5% in the 1st quarter. Needham Investment Management LLC now owns 561,500 shares of the specialty chemicals company's stock valued at $25,784,000 after acquiring an additional 281,500 shares in the last quarter. American Century Companies Inc. boosted its stake in Oil-Dri Corporation Of America by 126.4% during the 1st quarter. American Century Companies Inc. now owns 331,083 shares of the specialty chemicals company's stock valued at $15,203,000 after purchasing an additional 184,844 shares during the last quarter. Finally, Royce & Associates LP increased its holdings in shares of Oil-Dri Corporation Of America by 102.4% in the 1st quarter. Royce & Associates LP now owns 336,000 shares of the specialty chemicals company's stock worth $15,429,000 after purchasing an additional 170,000 shares in the last quarter. 49.01% of the stock is owned by hedge funds and other 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
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
