Deltic Timber Corp. (DEL) Given Average Rating of “Hold” by Brokerages
Shares of Deltic Timber Corp. (NYSE:DEL) have earned a consensus rating of “Hold” from the seventeen research firms that are presently covering the firm. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $42.44.
A number of equities research analysts have recently weighed in on the stock. Credit Suisse Group AG reiterated a “neutral” rating and issued a $42.00 price target on shares of Deltic Timber Corp. in a research report on Tuesday, August 16th. Stephens assumed coverage on shares of Deltic Timber Corp. in a research report on Tuesday, November 1st. They issued an “equal weight” rating and a $49.00 price target for the company. BMO Capital Markets downgraded shares of Deltic Timber Corp. from a “market perform” rating to an “underperform” rating and set a $33.00 price target for the company. in a research report on Monday, November 21st. BTIG Research reiterated a “buy” rating and issued a $52.00 price target on shares of Deltic Timber Corp. in a research report on Monday, October 10th. Finally, Barclays PLC reiterated an “equal weight” rating and issued a $35.00 price target on shares of Deltic Timber Corp. in a research report on Thursday, October 13th.
In related news, Director J Thurston Roach sold 1,000 shares of the business’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $70.25, for a total value of $70,250.00. Following the sale, the director now owns 9,112 shares of the company’s stock, valued at $640,118. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 acquired at an average cost of $55.53 per share, for a total transaction of $62,193.60. Following the purchase, the director now owns 85,461 shares of the company’s stock, valued at $4,745,649.33. The disclosure for this purchase can be found here. 14.40% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of DEL. Teacher Retirement System of Texas boosted its stake 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 valued at $105,000 after buying an additional 183 shares in the last quarter. Mason Street Advisors LLC acquired a new stake in shares of Deltic Timber Corp. during the second quarter valued at $140,000. Kernodle & Katon Asset Management Group LLC purchased a new stake in shares of Deltic Timber Corp. during the second quarter worth approximately $157,000. Municipal Employees Retirement System of Michigan boosted its stake in shares of 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 worth $161,000 after buying an additional 40 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Deltic Timber Corp. by 121.1% in the second quarter. BNP Paribas Arbitrage SA now owns 3,336 shares of the company’s stock worth $224,000 after buying an additional 1,827 shares during the period. 79.85% of the stock is currently owned by institutional investors.
Shares of Deltic Timber Corp. (NYSE:DEL) traded up 2.705% on Wednesday, reaching $68.915. The company’s stock had a trading volume of 28,047 shares. Deltic Timber Corp. has a 52-week low of $50.84 and a 52-week high of $72.74. The company has a market cap of $837.80 million, a PE ratio of 141.800 and a beta of 0.93. The firm has a 50 day moving average of $63.09 and a 200 day moving average of $66.48.
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 net margin of 2.84% and a return on equity of 2.44%. The company earned $53.50 million during the quarter, compared to the consensus estimate of $50.15 million. Analysts predict that Deltic Timber Corp. will post $1.50 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be paid a $0.10 dividend. The ex-dividend date is Tuesday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.60%. Deltic Timber Corp.’s dividend payout ratio is 81.63%.
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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