Deltic Timber Corp. Now Covered by Sidoti (DEL)
Sidoti initiated coverage on shares of Deltic Timber Corp. (NYSE:DEL) in a research note issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Shares of Deltic Timber Corp. (NYSE:DEL) traded down 0.97% on Wednesday, hitting $62.41. 3,235 shares of the company’s stock traded hands. Deltic Timber Corp. has a 1-year low of $57.29 and a 1-year high of $73.97. The stock’s 50-day moving average is $62.87 and its 200-day moving average is $63.72. The company has a market cap of $793.5 million and a P/E ratio of 33.86.
Deltic Timber Corp. (NYSE:DEL) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.89 earnings per share for the quarter.
The company also recently announced a quarterly dividend, which is scheduled for Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is Wednesday, November 27th.
Separately, analysts at Janney Montgomery Scott upgraded shares of Deltic Timber Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Monday, September 30th. They now have a $58.00 price target on the stock, up previously from $52.00.
Deltic Timber Corporation (NYSE:DEL) is a natural resources company engaged primarily in the growing and harvesting of timber and the manufacture and marketing of lumber.
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