Deltic Timber Corporation (DEL) Given Consensus Rating of “Hold” by Analysts
Deltic Timber Corporation (NYSE:DEL) has earned a consensus rating of “Hold” from the eleven research firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $50.13.
DEL has been the topic of a number of recent analyst reports. BidaskClub downgraded shares of Deltic Timber Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. TheStreet raised shares of Deltic Timber Corporation from a “c+” rating to a “b-” rating in a report on Thursday, September 28th. BTIG Research reaffirmed a “buy” rating and set a $57.00 price target (up previously from $52.00) on shares of Deltic Timber Corporation in a report on Wednesday, July 26th. Finally, ValuEngine downgraded shares of Deltic Timber Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd.
Several institutional investors and hedge funds have recently bought and sold shares of DEL. Pinebridge Investments L.P. boosted its holdings in shares of Deltic Timber Corporation by 1.2% in the second quarter. Pinebridge Investments L.P. now owns 1,397 shares of the construction company’s stock worth $104,000 after buying an additional 17 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Deltic Timber Corporation by 78.6% in the second quarter. State of Alaska Department of Revenue now owns 2,090 shares of the construction company’s stock worth $156,000 after buying an additional 920 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Deltic Timber Corporation by 17.5% in the second quarter. Victory Capital Management Inc. now owns 2,224 shares of the construction company’s stock worth $166,000 after buying an additional 332 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Deltic Timber Corporation by 4.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 2,500 shares of the construction company’s stock worth $187,000 after buying an additional 100 shares during the last quarter. Finally, Piedmont Investment Advisors LLC purchased a new position in shares of Deltic Timber Corporation in the third quarter worth approximately $209,000. 79.54% of the stock is currently owned by institutional investors.
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Shares of Deltic Timber Corporation (DEL) traded down $0.22 during midday trading on Friday, hitting $94.72. 139,200 shares of the stock were exchanged, compared to its average volume of 265,277. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.18 and a current ratio of 1.72. The stock has a market cap of $1,154.54, a P/E ratio of 123.01 and a beta of 0.94. Deltic Timber Corporation has a 12-month low of $65.65 and a 12-month high of $96.65.
Deltic Timber Corporation (NYSE:DEL) last announced its quarterly earnings results on Monday, October 23rd. The construction company reported $0.20 earnings per share (EPS) for the quarter. The firm had revenue of $61.66 million for the quarter. Deltic Timber Corporation had a net margin of 4.13% and a return on equity of 3.74%. equities research analysts forecast that Deltic Timber Corporation will post 0.52 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Monday, December 4th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date is Friday, December 1st. Deltic Timber Corporation’s payout ratio is 51.95%.
About Deltic Timber Corporation
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 the Company’s timberlands; 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 four real estate developments and a related country club operation, and Corporate.
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