Oil-Dri Co. of America (NYSE:ODC) Hits New 52-Week High - Still a Buy?

Oil-Dri Co. of America (NYSE:ODC - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $92.07 and last traded at $91.50, with a volume of 9761 shares traded. The stock had previously closed at $90.95.

Oil-Dri Co. of America Price Performance

The company has a market cap of $641.55 million, a PE ratio of 14.20 and a beta of 0.58. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.63 and a quick ratio of 1.39. The stock's 50-day moving average is $71.84 and its 200 day moving average is $68.19.

Oil-Dri Co. of America (NYSE:ODC - Get Free Report) last issued its quarterly earnings data on Thursday, October 10th. The specialty chemicals company reported $1.17 EPS for the quarter. The firm had revenue of $113.70 million during the quarter. Oil-Dri Co. of America had a return on equity of 21.84% and a net margin of 9.92%.

Oil-Dri Co. of America Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Friday, February 21st. Oil-Dri Co. of America's dividend payout ratio (DPR) is presently 10.02%.

Insider Transactions at Oil-Dri Co. of America

In other Oil-Dri Co. of America news, VP Laura G. Scheland sold 2,500 shares of the firm's stock in a transaction on Friday, October 18th. The shares were sold at an average price of $69.27, for a total value of $173,175.00. Following the completion of the transaction, the vice president now owns 15,340 shares of the company's stock, valued at approximately $1,062,601.80. This trade represents a 14.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 11.66% of the company's stock.

Hedge Funds Weigh In On Oil-Dri Co. of America

Several hedge funds have recently made changes to their positions in the company. FMR LLC increased its holdings in Oil-Dri Co. of America by 81.6% in the 3rd quarter. FMR LLC now owns 445 shares of the specialty chemicals company's stock worth $31,000 after buying an additional 200 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Oil-Dri Co. of America by 5.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,500 shares of the specialty chemicals company's stock valued at $379,000 after acquiring an additional 271 shares during the last quarter. Foundry Partners LLC increased its stake in shares of Oil-Dri Co. of America by 1.0% in the third quarter. Foundry Partners LLC now owns 37,041 shares of the specialty chemicals company's stock worth $2,555,000 after acquiring an additional 350 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Oil-Dri Co. of America by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 14,009 shares of the specialty chemicals company's stock worth $966,000 after purchasing an additional 469 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Oil-Dri Co. of America by 30.2% during the third quarter. Janus Henderson Group PLC now owns 4,253 shares of the specialty chemicals company's stock worth $293,000 after purchasing an additional 986 shares during the last quarter. 49.01% of the stock is owned by institutional investors and hedge funds.

Oil-Dri Co. of America Company Profile

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.