Deltic Timber Corp. (NYSE:DEL)‘s stock had its “buy” rating reaffirmed by equities researchers at BTIG Research in a note issued to investors on Monday. They currently have a $52.00 target price on the stock. BTIG Research’s price objective indicates a potential downside of 21.25% from the company’s previous close.
Several other research analysts also recently weighed in on the company. Stifel Nicolaus restated a “hold” rating and set a $41.00 target price (up from $40.00) on shares of Deltic Timber Corp. in a research note on Saturday. Barclays PLC restated an “equal weight” rating and set a $35.00 target price (down from $37.00) on shares of Deltic Timber Corp. in a research note on Sunday, July 31st. Finally, Credit Suisse Group AG restated 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 analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $41.93.
Shares of Deltic Timber Corp. (NYSE:DEL) opened at 66.03 on Monday. Deltic Timber Corp. has a 52-week low of $50.84 and a 52-week high of $72.74. The company’s 50 day moving average price is $69.31 and its 200 day moving average price is $66.25. The stock has a market cap of $802.20 million, a PE ratio of 181.40 and a beta of 0.92.
Deltic Timber Corp. (NYSE:DEL) last announced its earnings results 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 firm had revenue of $56.70 million for the quarter, compared to the consensus estimate of $45.70 million. On average, analysts anticipate that Deltic Timber Corp. will post $1.50 earnings per share for the current year.
The business also recently disclosed 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 annualized dividend and a dividend yield of 0.61%. Deltic Timber Corp.’s dividend payout ratio (DPR) is presently 108.11%.
In other news, CFO Kenneth Dewayne Mann sold 3,323 shares of the business’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $70.50, for a total value of $234,271.50. Following the completion of the transaction, the chief financial officer now owns 27,939 shares of the company’s stock, valued at approximately $1,969,699.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Byrom Walker sold 1,199 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $70.59, for a total value of $84,637.41. Following the completion of the transaction, the insider now directly owns 3,294 shares of the company’s stock, valued at approximately $232,523.46. The disclosure for this sale can be found here. 14.40% of the stock is owned by insiders.
Several institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP boosted 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 period. Chartwell Investment Partners LLC bought a new position in shares of Deltic Timber Corp. during the second quarter valued at about $3,565,000. Brown Advisory Inc. boosted 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 period. Baird Financial Group Inc. bought a new position in shares of Deltic Timber Corp. during the second quarter valued at about $1,217,000. Finally, Vanguard Group Inc. boosted 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 period. 82.05% of the stock is owned by institutional investors and hedge funds.
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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