Barclays PLC reiterated their equal weight rating on shares of Deltic Timber Corp. (NYSE:DEL) in a research report released on Thursday morning. The brokerage currently has a $35.00 price objective on the stock.
Several other research analysts have also recently commented on DEL. Credit Suisse Group AG reissued a neutral rating and set a $42.00 target price on shares of Deltic Timber Corp. in a research note on Tuesday, August 16th. Stifel Nicolaus reissued 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, October 8th. BTIG Research reissued a buy rating and set a $52.00 target price on shares of Deltic Timber Corp. in a research note on Monday, October 10th. BMO Capital Markets reissued a market perform rating and set a $37.00 target price on shares of Deltic Timber Corp. in a research note on Wednesday, October 12th. Finally, Bank of America Corp. raised Deltic Timber Corp. from an underperform rating to a neutral rating in a research note on Wednesday, October 12th. Eleven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $42.27.
Deltic Timber Corp. (NYSE:DEL) opened at 62.93 on Thursday. The stock has a 50 day moving average price of $68.53 and a 200-day moving average price of $66.34. Deltic Timber Corp. has a one year low of $50.84 and a one year high of $72.74. The firm has a market capitalization of $764.54 million, a price-to-earnings ratio of 172.88 and a beta of 0.92.
Deltic Timber Corp. (NYSE:DEL) last issued its quarterly earnings data 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 business earned $56.70 million during the quarter, compared to analysts’ expectations of $45.70 million. On average, analysts predict that Deltic Timber Corp. will post $1.50 earnings per share for the current fiscal year.
The company also recently announced 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. This represents a $0.40 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Tuesday, November 29th. Deltic Timber Corp.’s payout ratio is currently 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 transaction of $84,637.41. Following the completion of the sale, the insider now directly owns 3,294 shares of the company’s stock, 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, Director J Thurston Roach sold 1,000 shares of the company’s stock in a transaction that occurred 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 directly owns 9,112 shares of the company’s stock, valued at $640,118. The disclosure for this sale can be found here. 14.40% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of DEL. Teacher Retirement System of Texas increased its stake 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 valued at $105,000 after buying an additional 183 shares in the last quarter. Mason Street Advisors LLC bought a new stake in Deltic Timber Corp. during the second quarter valued at approximately $140,000. Kernodle & Katon Asset Management Group LLC bought a new stake in Deltic Timber Corp. during the second quarter valued at approximately $157,000. BNP Paribas Arbitrage SA increased its stake 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 in the last quarter. Finally, Capstone Asset Management Co. increased its stake 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 in the last quarter. 82.03% of the stock is owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Deltic Timber Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deltic Timber Corp. and related companies with MarketBeat.com's FREE daily email newsletter.