Bank of America Corp. upgraded shares of Deltic Timber Corp. (NYSE:DEL) from an underperform rating to a neutral rating in a research report sent to investors on Wednesday morning.

Other analysts have also issued reports about the company. BMO Capital Markets reissued a market perform rating and issued a $37.00 price target on shares of Deltic Timber Corp. in a research note on Wednesday. Barclays PLC reissued an equal weight rating and issued a $37.00 price target on shares of Deltic Timber Corp. in a research note on Friday, July 15th. Stifel Nicolaus reissued a hold rating and issued a $41.00 price target (up from $40.00) on shares of Deltic Timber Corp. in a research note on Saturday, October 8th. BTIG Research reissued a buy rating and issued a $52.00 price target on shares of Deltic Timber Corp. in a research note on Monday. Finally, Credit Suisse Group AG reissued a neutral rating and issued a $42.00 price target on shares of Deltic Timber Corp. in a research note on Tuesday, August 16th. Eleven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $42.40.

Analyst Recommendations for Deltic Timber Corp. (NYSE:DEL)

Deltic Timber Corp. (NYSE:DEL) traded down 2.41% during mid-day trading on Wednesday, hitting $64.01. 11,721 shares of the company were exchanged. The stock has a market cap of $777.66 million, a price-to-earnings ratio of 175.85 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. The firm has a 50 day moving average price of $69.16 and a 200 day moving average price of $66.24.

Deltic Timber Corp. (NYSE:DEL) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.35 EPS for the quarter. The business had revenue of $56.70 million for the quarter, compared to analyst estimates of $45.70 million. Deltic Timber Corp. had a return on equity of 1.82% and a net margin of 2.18%. Analysts anticipate that Deltic Timber Corp. will post $1.50 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, November 29th. This represents a $0.40 annualized dividend and a yield of 0.61%. Deltic Timber Corp.’s dividend payout ratio is presently 108.11%.

In other news, Director Robert Madison Murphy bought 4,389 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The stock was bought at an average price of $45.34 per share, for a total transaction of $198,997.26. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, insider Ray C. Dillon sold 11,119 shares of Deltic Timber Corp. stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $70.00, for a total value of $778,330.00. Following the completion of the transaction, the insider now owns 99,208 shares of the company’s stock, valued at approximately $6,944,560. The disclosure for this sale can be found here. 14.40% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of DEL. Wellington Management Group LLP raised its position in shares of 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 valued at $85,837,000 after buying an additional 77,011 shares during the last quarter. 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 valued at $59,911,000 after buying an additional 10,675 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of Deltic Timber Corp. by 1.0% in the second quarter. BlackRock Fund Advisors now owns 721,768 shares of the company’s stock valued at $48,452,000 after buying an additional 7,024 shares during 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 valued at $33,493,000 after buying an additional 21,976 shares during the last quarter. Finally, 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 valued at $22,573,000 after buying an additional 5,033 shares during the last quarter. 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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