Deltic Timber Corp. (NYSE:DEL)‘s stock had its “market perform” rating reissued by equities researchers at BMO Capital Markets in a note issued to investors on Wednesday. They presently have a $37.00 price target on the stock. BMO Capital Markets’ target price indicates a potential downside of 41.82% from the stock’s previous close.
A number of other research firms have also issued reports on DEL. Barclays PLC restated an “equal weight” rating and issued a $37.00 target price on shares of Deltic Timber Corp. in a report on Friday, July 15th. Stifel Nicolaus reaffirmed a “hold” rating and set a $41.00 price objective (up previously from $40.00) on shares of Deltic Timber Corp. in a research note on Saturday, October 8th. BTIG Research reaffirmed a “buy” rating and set a $52.00 price objective on shares of Deltic Timber Corp. in a research note on Monday. Finally, Credit Suisse Group AG reaffirmed a “neutral” rating and set a $42.00 price objective 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. Deltic Timber Corp. presently has a consensus rating of “Hold” and an average target price of $42.40.
Deltic Timber Corp. (NYSE:DEL) opened at 63.60 on Wednesday. Deltic Timber Corp. has a 52 week low of $50.84 and a 52 week high of $72.74. The company has a 50-day moving average of $68.95 and a 200-day moving average of $66.22. The stock has a market cap of $772.68 million, a P/E ratio of 174.73 and a beta of 0.92.
Deltic Timber Corp. (NYSE:DEL) last released its earnings results on Wednesday, July 27th. The company reported $0.35 earnings per share (EPS) for the quarter. The company had revenue of $56.70 million for the quarter, compared to analyst estimates of $45.70 million. Deltic Timber Corp. had a net margin of 2.18% and a return on equity of 1.82%. On average, analysts predict that Deltic Timber Corp. will post $1.50 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Tuesday, November 29th. Deltic Timber Corp.’s dividend payout ratio is presently 108.11%.
In other Deltic Timber Corp. news, insider Byrom Walker sold 1,199 shares of the company’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was 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 owns 3,294 shares in the company, valued at approximately $232,523.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Kent L. Streeter sold 7,516 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $69.98, for a total value of $525,969.68. Following the completion of the transaction, the vice president now owns 16,050 shares of the company’s stock, valued at approximately $1,123,179. The disclosure for this sale can be found here. 14.40% of the stock is owned by company insiders.
A number of 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 in the last quarter. Mason Street Advisors LLC acquired a new position in Deltic Timber Corp. during the second quarter valued at approximately $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. BNP Paribas Arbitrage SA boosted 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 period. Finally, Capstone Asset Management Co. boosted its position in Deltic Timber Corp. by 14.7% in the second quarter. Capstone Asset Management Co. now owns 4,993 shares of the company’s stock valued at $335,000 after buying an additional 640 shares during the period. Hedge funds and other institutional investors own 82.05% of the company’s stock.
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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