Robert Calvert Nolan Acquires 1,120 Shares of Deltic Timber Corp. (DEL) Stock
Deltic Timber Corp. (NYSE:DEL) Director Robert Calvert Nolan acquired 1,120 shares of Deltic Timber Corp. stock in a transaction that occurred on Tuesday, November 1st. The stock was purchased at an average cost of $55.53 per share, with a total value of $62,193.60. Following the completion of the purchase, the director now owns 85,461 shares in the company, valued at approximately $4,745,649.33. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Robert Calvert Nolan also recently made the following trade(s):
- On Wednesday, November 2nd, Robert Calvert Nolan acquired 2,836 shares of Deltic Timber Corp. stock. The stock was purchased at an average cost of $56.44 per share, with a total value of $160,063.84.
- On Monday, November 7th, Robert Calvert Nolan acquired 5,000 shares of Deltic Timber Corp. stock. The stock was purchased at an average cost of $56.80 per share, with a total value of $284,000.00.
Deltic Timber Corp. (NYSE:DEL) opened at 66.31 on Friday. The company’s 50-day moving average price is $62.92 and its 200-day moving average price is $65.99. Deltic Timber Corp. has a one year low of $50.84 and a one year high of $72.74. The stock has a market capitalization of $806.13 million, a PE ratio of 136.44 and a beta of 0.93.
Deltic Timber Corp. (NYSE:DEL) last released its quarterly earnings results on Wednesday, October 26th. The company reported $0.12 earnings per share for the quarter. Deltic Timber Corp. had a return on equity of 2.44% and a net margin of 2.84%. The company earned $53.50 million during the quarter, compared to analysts’ expectations of $50.15 million. Equities research analysts predict 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. Stockholders of record on Thursday, December 1st will be issued a $0.10 dividend. The ex-dividend date is Tuesday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.60%. Deltic Timber Corp.’s dividend payout ratio (DPR) is 81.63%.
Several brokerages have issued reports on DEL. Barclays PLC restated an “equal weight” rating and issued a $35.00 target price on shares of Deltic Timber Corp. in a report on Thursday, October 13th. Credit Suisse Group AG restated a “neutral” rating and issued a $42.00 target price on shares of Deltic Timber Corp. in a report on Tuesday, August 16th. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $48.00 target price (down from $49.00) on shares of Deltic Timber Corp. in a report on Friday, October 14th. Stephens began coverage on Deltic Timber Corp. in a report on Tuesday, November 1st. They issued an “equal weight” rating and a $49.00 target price for the company. Finally, BTIG Research restated a “buy” rating and issued a $52.00 target price on shares of Deltic Timber Corp. in a report on Monday, October 10th. Twelve investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $42.25.
Several institutional investors have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas boosted its position in 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 during the period. Mason Street Advisors LLC bought a new position in Deltic Timber Corp. during the second quarter worth $140,000. Kernodle & Katon Asset Management Group LLC acquired a new position in Deltic Timber Corp. during the second quarter valued at approximately $157,000. Municipal Employees Retirement System of Michigan raised its position in Deltic Timber Corp. by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 2,370 shares of the company’s stock valued at $161,000 after buying an additional 40 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in Deltic Timber Corp. by 121.1% in the second quarter. BNP Paribas Arbitrage SA now owns 3,336 shares of the company’s stock valued at $224,000 after buying an additional 1,827 shares during the last quarter. 82.09% of the stock is owned by institutional investors.
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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