Oil-Dri Corporation Of America (NYSE:ODC) Sets New 52-Week High – What’s Next?

Oil-Dri Corporation Of America (NYSE:ODC) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $74.42 and last traded at $73.55, with a volume of 252 shares traded. The stock had previously closed at $73.41.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Oil-Dri Corporation Of America in a research note on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Oil-Dri Corporation Of America has a consensus rating of “Buy”.

Oil-Dri Corporation Of America Price Performance

The company has a market cap of $1.06 billion, a PE ratio of 19.88 and a beta of 0.79. The firm’s 50-day moving average is $65.79 and its 200-day moving average is $59.07. The company has a quick ratio of 2.40, a current ratio of 3.45 and a debt-to-equity ratio of 0.14.

Oil-Dri Corporation Of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 8th will be given a dividend of $0.205 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $0.82 annualized dividend and a yield of 1.1%. Oil-Dri Corporation Of America’s dividend payout ratio (DPR) is currently 22.22%.

Insider Activity at Oil-Dri Corporation Of America

In other news, Director Paul Hindsley sold 6,000 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $63.90, for a total value of $383,400.00. Following the sale, the director directly owned 11,000 shares of the company’s stock, valued at $702,900. This represents a 35.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 11.69% of the company’s stock.

Institutional Investors Weigh In On Oil-Dri Corporation Of America

Hedge funds have recently bought and sold shares of the business. Arkfeld Wealth Strategies L.L.C. purchased a new stake in Oil-Dri Corporation Of America in the first quarter worth about $257,000. Sterling Investment Counsel LLC purchased a new stake in shares of Oil-Dri Corporation Of America in the first quarter worth $251,000. Invesco Ltd. increased its holdings in shares of Oil-Dri Corporation Of America by 13.4% during the fourth quarter. Invesco Ltd. now owns 15,080 shares of the specialty chemicals company’s stock valued at $738,000 after acquiring an additional 1,786 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Oil-Dri Corporation Of America in the 4th quarter worth about $204,000. Finally, Susquehanna Portfolio Strategies LLC raised its position in shares of Oil-Dri Corporation Of America by 62.3% in the 4th quarter. Susquehanna Portfolio Strategies LLC now owns 5,689 shares of the specialty chemicals company’s stock worth $278,000 after purchasing an additional 2,183 shares during the last quarter. Institutional investors own 49.01% of the company’s stock.

Oil-Dri Corporation Of America Company Profile

Oil-Dri Corporation of America is a specialty materials company that develops, manufactures and markets sorbent and filtration products for industrial, environmental and consumer applications. Its flagship offerings include clay- and diatomaceous earth–based cat litters, calcium silicate absorbents for spill control and cleanup, and purification media designed to remove contaminants from petroleum, chemical and food-processing streams.

Founded in 1941 and headquartered in Chicago, Illinois, the company has evolved from a single-product operation into a diversified provider of mineral- and chemical-based solutions.