Oil-Dri Corporation Of America (NYSE:ODC) Stock Falls 4.7% – Here’s What Happened

Oil-Dri Corporation Of America (NYSE:ODC)’s stock price fell 4.7% during mid-day trading on Friday. The stock traded as low as $81.36 and last traded at $80.43. Approximately 66,335 shares traded hands during trading, a decline of 30% from the average session volume of 94,551 shares. The stock had previously closed at $84.37.

Oil-Dri Corporation Of America News Summary

Here are the key news stories impacting Oil-Dri Corporation Of America this week:

• Positive Sentiment: Oil-Dri reported fiscal fourth-quarter EPS of $1.00 and revenue of $129.29 million, while net margin was 11.35% and return on equity was 20.53%. The company described the period as producing record annual results, all-time-high fourth-quarter sales and historic cash generation. Oil-Dri Corporation of America Releases Q4 2026 Financial Results
• Positive Sentiment: The board declared a quarterly dividend of $0.225 per share, equal to $0.90 annually and an approximately 1.1% yield. The dividend is payable November 20 to shareholders of record November 6. Oil-Dri’s Board of Directors Appoints Anthony W. Parker as an Executive Officer and Declares Quarterly Dividends
• Positive Sentiment: Oil-Dri appointed Anthony W. Parker, its vice president, general counsel and secretary, as an executive officer, providing continuity in the company’s leadership structure. Oil-Dri Leadership Appointment
• Neutral Sentiment: The company entered into a ninth amendment to its credit agreement and a fifth amendment to its note purchase and private shelf agreement. The reports provide limited details on how the changes affect borrowing terms or liquidity. Oil-Dri Credit Agreement Amendments
• Negative Sentiment: Despite the favorable earnings release, ODC has faced selling pressure. One report highlighted a GF Score of 64, suggesting mixed fundamental, valuation or momentum characteristics, while the stock remains well below its 52-week high. Oil-Dri Shares and GF Score

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Oil-Dri Corporation Of America in a report on Wednesday, July 29th. Wall Street Zen lowered Oil-Dri Corporation Of America from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 15th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Oil-Dri Corporation Of America Price Performance

The stock has a market capitalization of $1.18 billion, a PE ratio of 21.08 and a beta of 0.76. The company has a current ratio of 3.28, a quick ratio of 2.40 and a debt-to-equity ratio of 0.14. The company’s 50 day simple moving average is $90.23 and its 200 day simple moving average is $85.98.

Oil-Dri Corporation Of America (NYSE:ODC) last issued its quarterly earnings results on Thursday, October 8th. The specialty chemicals company reported $1.00 earnings per share for the quarter. The company had revenue of $129.29 million for the quarter. Oil-Dri Corporation Of America had a return on equity of 20.53% and a net margin of 11.35%.

Oil-Dri Corporation Of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, November 6th will be issued a dividend of $0.2250 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, November 6th. Oil-Dri Corporation Of America’s dividend payout ratio is presently 23.14%.

Hedge Funds Weigh In On Oil-Dri Corporation Of America

A number of hedge funds have recently made changes to their positions in ODC. BlackRock Inc. acquired a new position in Oil-Dri Corporation Of America in the second quarter valued at $84,762,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Oil-Dri Corporation Of America during the second quarter worth about $11,267,000. Bard Associates Inc. acquired a new stake in Oil-Dri Corporation Of America during the second quarter worth about $10,071,000. Bank of New York Mellon Corp acquired a new position in shares of Oil-Dri Corporation Of America in the 2nd quarter valued at about $9,575,000. Finally, Needham Investment Management LLC increased its position in Oil-Dri Corporation Of America by 10.7% during the 4th quarter. Needham Investment Management LLC now owns 635,000 shares of the specialty chemicals company’s stock worth $31,077,000 after purchasing an additional 61,500 shares in the last quarter. Institutional investors and hedge funds own 49.01% of the company’s stock.

About Oil-Dri Corporation Of America

Oil-Dri Corporation of America develops, manufactures and markets mineral-based products designed to absorb, filter and control liquids and odors. The company serves consumer, industrial, agricultural and specialty markets, using products such as fuller’s earth and other absorbent minerals in a range of applications.

Its consumer products include cat litter and related animal-care products sold under brands such as Cat’s Pride and Jonny Cat. Oil-Dri also supplies absorbent products for industrial and commercial uses, including spill cleanup, oil and grease absorption, moisture control, filtration, sports-field maintenance and other specialized applications.

Founded in 1941, Oil-Dri is headquartered in Chicago, Illinois.