Deltic Timber Corp. (NYSE:DEL) Receives Consensus Recommendation of “Hold” from Analysts
Deltic Timber Corp. (NYSE:DEL) has received a consensus rating of “Hold” from the sixteen brokerages that are currently covering the stock. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $41.86.
Several equities analysts have recently issued reports on the stock. Credit Suisse Group AG reaffirmed a “neutral” rating and issued a $42.00 price objective on shares of Deltic Timber Corp. in a research note on Tuesday, August 16th. Barclays PLC reaffirmed an “equal weight” rating and issued a $35.00 price objective (down previously from $37.00) on shares of Deltic Timber Corp. in a research note on Sunday, July 31st.
Deltic Timber Corp. (NYSE:DEL) traded up 0.208% during trading on Wednesday, reaching $70.005. 25,159 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $70.36 and its 200-day moving average price is $65.30. The stock has a market capitalization of $850.49 million, a price-to-earnings ratio of 192.321 and a beta of 0.80. Deltic Timber Corp. has a 52 week low of $50.84 and a 52 week high of $72.74.
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Deltic Timber Corp. (NYSE:DEL) last released its earnings results on Wednesday, July 27th. The company reported $0.35 EPS for the quarter. The firm had revenue of $56.70 million for the quarter, compared to analysts’ expectations of $45.70 million. Deltic Timber Corp. had a net margin of 2.18% and a return on equity of 1.82%. On average, equities analysts expect that Deltic Timber Corp. will post $1.50 EPS for the current year.
In related news, insider Ray C. Dillon sold 11,119 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $70.00, for a total transaction of $778,330.00. Following the completion of the sale, the insider now directly owns 99,208 shares in the company, valued at $6,944,560. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert Madison Murphy purchased 4,389 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The shares were bought at an average price of $45.34 per share, with a total value of $198,997.26. The disclosure for this purchase can be found here. Corporate insiders own 14.40% of the company’s stock.
Several hedge funds have recently bought and sold shares of DEL. Nationwide Fund Advisors boosted its stake in Deltic Timber Corp. by 1.2% in the second quarter. Nationwide Fund Advisors now owns 7,142 shares of the company’s stock valued at $479,000 after buying an additional 87 shares in the last quarter. Arizona State Retirement System boosted its stake in Deltic Timber Corp. by 1.9% in the first quarter. Arizona State Retirement System now owns 5,472 shares of the company’s stock worth $329,000 after buying an additional 100 shares during the period. BlackRock Advisors LLC boosted its stake in Deltic Timber Corp. by 2.8% in the second quarter. BlackRock Advisors LLC now owns 5,307 shares of the company’s stock worth $356,000 after buying an additional 144 shares during the period. Teacher Retirement System of Texas boosted 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 worth $105,000 after buying an additional 183 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in Deltic Timber Corp. by 5.9% in the second quarter. Thrivent Financial for Lutherans now owns 5,170 shares of the company’s stock worth $347,000 after buying an additional 290 shares during the period. Institutional investors and hedge funds own 82.05% of the company’s stock.
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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