Deltic Timber Corp.’s (DEL) “Hold” Rating Reaffirmed at Stifel Nicolaus
Stifel Nicolaus reiterated their hold rating on shares of Deltic Timber Corp. (NYSE:DEL) in a research note issued to investors on Saturday. Stifel Nicolaus currently has a $41.00 price target on the stock, up from their previous price target of $40.00.
Several other equities research analysts have also recently weighed in on the company. Barclays PLC reissued an equal weight rating and set a $35.00 price objective (down from $37.00) on shares of Deltic Timber Corp. in a research note on Sunday, July 31st. Credit Suisse Group AG reaffirmed a neutral rating and set a $42.00 target price on shares of Deltic Timber Corp. in a research note on Tuesday, August 16th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $41.21.
Deltic Timber Corp. (NYSE:DEL) opened at 65.43 on Friday. Deltic Timber Corp. has a 1-year low of $50.84 and a 1-year high of $72.74. The stock has a 50 day moving average price of $69.51 and a 200-day moving average price of $66.11. The stock has a market cap of $794.91 million, a PE ratio of 179.75 and a beta of 0.92.
Deltic Timber Corp. (NYSE:DEL) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.35 earnings per share for the quarter. Deltic Timber Corp. had a return on equity of 1.82% and a net margin of 2.18%. The company had revenue of $56.70 million for the quarter, compared to analysts’ expectations of $45.70 million. On average, equities analysts expect that Deltic Timber Corp. will post $1.50 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders 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 is Tuesday, November 29th. Deltic Timber Corp.’s dividend payout ratio is currently 108.11%.
In other news, insider Byrom Walker sold 1,199 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $70.59, for a total transaction of $84,637.41. Following the sale, the insider now directly owns 3,294 shares in the company, valued at approximately $232,523.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kenneth Dewayne Mann sold 3,323 shares of the firm’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $70.50, for a total value of $234,271.50. Following the sale, the chief financial officer now owns 27,939 shares in the company, valued at $1,969,699.50. The disclosure for this sale can be found here. Company insiders own 14.40% of the company’s stock.
Several large investors have recently bought and sold shares of DEL. Wellington Management Group LLP boosted its stake in Deltic Timber Corp. by 5.7% in the first quarter. Wellington Management Group LLP now owns 1,427,032 shares of the company’s stock worth $85,837,000 after buying an additional 77,011 shares during the period. Vanguard Group Inc. boosted its stake in 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 during the period. BlackRock Fund Advisors boosted its stake in Deltic Timber Corp. by 1.0% in the second quarter. BlackRock Fund Advisors now owns 721,768 shares of the company’s stock worth $48,452,000 after buying an additional 7,024 shares during the period. Brown Advisory Inc. boosted its stake in 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 during the period. Finally, Dimensional Fund Advisors LP boosted its stake in 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 during the period. Hedge funds and other institutional investors own 82.05% of the company’s stock.
About Deltic Timber Corp.
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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