Shares of Oil-Dri Co. of America (NYSE:ODC - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $27.34 and traded as high as $48.00. Oil-Dri Co. of America shares last traded at $47.47, with a volume of 58,218 shares.
Analyst Ratings Changes
Separately, StockNews.com cut shares of Oil-Dri Co. of America from a "buy" rating to a "hold" rating in a report on Friday, February 28th.
Check Out Our Latest Analysis on Oil-Dri Co. of America
Oil-Dri Co. of America Stock Performance
The firm has a fifty day simple moving average of $43.14 and a 200-day simple moving average of $27.70. The company has a quick ratio of 1.61, a current ratio of 2.63 and a debt-to-equity ratio of 0.20. The company has a market cap of $662.50 million, a PE ratio of 14.67 and a beta of 0.44.
Oil-Dri Co. of America (NYSE:ODC - Get Free Report) last released its quarterly earnings results on Tuesday, March 11th. The specialty chemicals company reported $0.89 earnings per share (EPS) for 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 was paid on Friday, March 7th. Investors of record on Friday, February 21st were given a $0.155 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.62 annualized dividend and a yield of 1.37%. Oil-Dri Co. of America's dividend payout ratio (DPR) is 20.00%.
Insider Buying and Selling
In related news, VP Christopher B. Lamson sold 3,154 shares of Oil-Dri Co. of America stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $42.75, for a total value of $134,833.50. Following the transaction, the vice president now directly owns 70,796 shares in the company, valued at $3,026,529. This trade represents a 4.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Amy Ryan sold 2,100 shares of the company's stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $41.78, for a total transaction of $87,738.00. Following the transaction, the director now owns 3,900 shares of the company's stock, valued at approximately $162,942. The trade was a 35.00 % decrease in their position. The disclosure for this sale can be found here. 11.66% of the stock is owned by company insiders.
Institutional Trading of Oil-Dri Co. of America
Hedge funds and other institutional investors have recently made changes to their positions in the company. Needham Investment Management LLC lifted its position in Oil-Dri Co. of America by 4.7% in the fourth quarter. Needham Investment Management LLC now owns 280,000 shares of the specialty chemicals company's stock valued at $24,539,000 after purchasing an additional 12,500 shares during the period. Royce & Associates LP lifted its holdings in shares of Oil-Dri Co. of America by 2.5% in the 4th quarter. Royce & Associates LP now owns 166,000 shares of the specialty chemicals company's stock valued at $14,548,000 after buying an additional 4,000 shares during the period. American Century Companies Inc. boosted its stake in shares of Oil-Dri Co. of America by 11.5% in the fourth quarter. American Century Companies Inc. now owns 146,239 shares of the specialty chemicals company's stock valued at $12,816,000 after buying an additional 15,041 shares in the last quarter. ProShare Advisors LLC grew its holdings in Oil-Dri Co. of America by 6.1% during the fourth quarter. ProShare Advisors LLC now owns 132,412 shares of the specialty chemicals company's stock worth $11,605,000 after acquiring an additional 7,606 shares during the period. Finally, Geode Capital Management LLC raised its position in Oil-Dri Co. of America by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 112,183 shares of the specialty chemicals company's stock worth $9,834,000 after acquiring an additional 352 shares in the last quarter. Hedge funds and other institutional investors own 49.01% of the company's stock.
About Oil-Dri Co. of America
(
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.
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