Deltic Timber Corp. (DEL) Earns Hold Rating from Stifel Nicolaus
Deltic Timber Corp. (NYSE:DEL)‘s stock had its “hold” rating restated by stock analysts at Stifel Nicolaus in a research note issued on Saturday. They currently have a $41.00 price objective on the stock, up from their prior price objective of $40.00. Stifel Nicolaus’ price target indicates a potential downside of 37.34% from the company’s current price.
A number of other equities analysts have also recently issued reports on the company. Credit Suisse Group AG restated a “neutral” rating and set a $42.00 price objective on shares of Deltic Timber Corp. in a report on Tuesday, August 16th. Barclays PLC restated an “equal weight” rating and set a $35.00 price objective (down previously from $37.00) on shares of Deltic Timber Corp. in a report on Sunday, July 31st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $41.21.
Shares of Deltic Timber Corp. (NYSE:DEL) opened at 65.43 on Friday. The company has a 50-day moving average price of $69.51 and a 200 day moving average price of $66.11. The company has a market capitalization of $794.91 million, a P/E ratio of 179.75 and a beta of 0.92. Deltic Timber Corp. has a 12-month low of $50.84 and a 12-month high of $72.74.
Deltic Timber Corp. (NYSE:DEL) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.35 earnings per share (EPS) for the quarter. Deltic Timber Corp. had a return on equity of 1.82% and a net margin of 2.18%. The company earned $56.70 million during the quarter, compared to analysts’ expectations of $45.70 million. On average, equities analysts anticipate that Deltic Timber Corp. will post $1.50 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Tuesday, November 29th. Deltic Timber Corp.’s dividend payout ratio is currently 108.11%.
In related news, insider Ray C. Dillon sold 11,119 shares of the company’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $70.00, for a total transaction of $778,330.00. Following the transaction, the insider now directly owns 99,208 shares of the company’s stock, valued at approximately $6,944,560. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Madison Murphy bought 4,389 shares of Deltic Timber Corp. stock in a transaction that occurred on Tuesday, August 9th. The shares were acquired at an average cost of $45.34 per share, for a total transaction of $198,997.26. The disclosure for this purchase can be found here. Corporate insiders own 14.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in DEL. Vanguard Group Inc. raised its position in shares of Deltic Timber Corp. by 1.2% in the second quarter. Vanguard Group Inc. now owns 892,460 shares of the company’s stock worth $59,911,000 after buying an additional 10,675 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Deltic Timber Corp. by 2.7% in the second quarter. Principal Financial Group Inc. now owns 75,194 shares of the company’s stock worth $5,048,000 after buying an additional 1,975 shares in the last quarter. Brown Advisory Inc. raised its position in shares of Deltic Timber Corp. by 4.6% in the second quarter. Brown Advisory Inc. now owns 498,928 shares of the company’s stock worth $33,493,000 after buying an additional 21,976 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Deltic Timber Corp. by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 336,274 shares of the company’s stock worth $22,573,000 after buying an additional 5,033 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Deltic Timber Corp. by 13.2% in the second quarter. Teacher Retirement System of Texas now owns 1,568 shares of the company’s stock worth $105,000 after buying an additional 183 shares in the last quarter. 82.05% of the stock is currently owned by institutional investors.
Deltic Timber Corp. Company Profile
Deltic Timber Corporation is a vertically integrated natural resources company. The Company is engaged in the growing and harvesting of timber and the manufacturing and marketing of lumber and medium density fiberboard (MDF). It operates through four segments: Woodlands, which manages all aspects of its timberlands, including harvesting and sale of timber, timberland sales and acquisitions, oil and gas revenues, timberland management and leasing of hunting land; Manufacturing, which consists of its approximately two sawmills that manufacture a range of softwood lumber products and the Del-Tin Fiber plant that produces MDF; Real Estate, which includes the Company’s approximately four real estate developments and a related country club operation, and Corporate, which consists of executive management and the staff functions.
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