Oil-Dri Co. of America (NYSE:ODC) Reaches New 12-Month High at $79.38

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

Oil-Dri Co. of America Trading Up 4.7 %

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

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

Oil-Dri Co. of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.51%. Oil-Dri Co. of America’s payout ratio is 18.99%.

Institutional Investors Weigh In On Oil-Dri Co. of America

Institutional investors and hedge funds have recently made changes to their positions in the stock. Acadian Asset Management LLC lifted its position in Oil-Dri Co. of America by 78.9% during the third quarter. Acadian Asset Management LLC now owns 31,810 shares of the specialty chemicals company’s stock worth $1,959,000 after purchasing an additional 14,030 shares during the period. Miracle Mile Advisors LLC bought a new position in Oil-Dri Co. of America during the 4th quarter worth $939,000. SG Americas Securities LLC lifted its holdings in Oil-Dri Co. of America by 27.9% during the 4th quarter. SG Americas Securities LLC now owns 2,280 shares of the specialty chemicals company’s stock worth $153,000 after buying an additional 498 shares during the period. Diamond Hill Capital Management Inc. lifted its holdings in Oil-Dri Co. of America by 46.0% in the third quarter. Diamond Hill Capital Management Inc. now owns 125,764 shares of the specialty chemicals company’s stock valued at $7,766,000 after buying an additional 39,618 shares during the period. Finally, Barclays PLC grew its position in shares of Oil-Dri Co. of America by 5.9% during the 3rd quarter. Barclays PLC now owns 4,957 shares of the specialty chemicals company’s stock worth $307,000 after buying an additional 278 shares during the period. Institutional investors own 49.01% of the company’s stock.

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.