Oil-Dri Co. of America (NYSE:ODC) Reaches New 52-Week High at $79.38

Oil-Dri Co. of America (NYSE:ODC)’s stock price reached a new 52-week high on Friday . The stock traded as high as $79.38 and last traded at $77.59, with a volume of 27060 shares changing hands. The stock had previously closed at $73.38.

Oil-Dri Co. of America Price Performance

The business has a 50-day moving average price of $71.27 and a 200 day moving average price of $66.09. The company has a current ratio of 3.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.16. The company has a market cap of $559.79 million, a price-to-earnings ratio of 12.57 and a beta of 0.67.

Oil-Dri Co. of America (NYSE:ODC) last issued its earnings results on Thursday, March 7th. The specialty chemicals company reported $1.77 EPS for the quarter. The firm had revenue of $105.67 million for the quarter. Oil-Dri Co. of America had a return on equity of 26.98% and a net margin of 10.14%.

Oil-Dri Co. of America Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Thursday, May 9th. Oil-Dri Co. of America’s dividend payout ratio (DPR) is currently 18.99%.

Institutional Trading of Oil-Dri Co. of America

Hedge funds have recently bought and sold shares of the stock. Janney Montgomery Scott LLC increased its stake in Oil-Dri Co. of America by 9.1% in the first quarter. Janney Montgomery Scott LLC now owns 8,490 shares of the specialty chemicals company’s stock valued at $633,000 after acquiring an additional 705 shares during the period. BNP Paribas Financial Markets boosted its stake in Oil-Dri Co. of America by 20.9% in the 1st quarter. BNP Paribas Financial Markets now owns 2,440 shares of the specialty chemicals company’s stock valued at $182,000 after buying an additional 421 shares in the last quarter. Cardinal Capital Management grew its position in Oil-Dri Co. of America by 5.1% in the first quarter. Cardinal Capital Management now owns 45,744 shares of the specialty chemicals company’s stock valued at $3,411,000 after acquiring an additional 2,224 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Oil-Dri Co. of America by 127.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,248 shares of the specialty chemicals company’s stock valued at $84,000 after acquiring an additional 699 shares during the period. Finally, Jump Financial LLC bought a new stake in shares of Oil-Dri Co. of America in the 4th quarter worth about $261,000. 49.01% of the stock is owned by institutional investors.

About Oil-Dri Co. of America

Oil-Dri Corporation of America, together with its subsidiaries, develops, manufactures, and markets sorbent products in the United States and internationally. It operates in two segments, Retail and Wholesale Products Group, and Business to Business Products Group. The company provides agricultural and horticultural products, including mineral-based absorbent products that serve as carriers for biological and chemical active ingredients, drying agents, and growing media under the Agsorb, Verge, and Flo-Fre brand names.