Deltic Timber Corp. (DEL) to Issue Quarterly Dividend of $0.10
Deltic Timber Corp. (NYSE:DEL) declared a quarterly dividend on Thursday, September 22nd. Investors of record on Thursday, December 1st will be paid a dividend of 0.10 per share on Thursday, December 15th. This represents a $0.40 annualized dividend and a yield of 0.57%.
Several brokerages recently issued reports on DEL. Credit Suisse Group AG reiterated a “neutral” rating and issued a $42.00 target price on shares of Deltic Timber Corp. in a research report on Tuesday, August 16th. Barclays PLC reiterated an “equal weight” rating and issued a $37.00 target price on shares of Deltic Timber Corp. in a research report on Friday, July 15th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. Deltic Timber Corp. currently has a consensus rating of “Hold” and an average target price of $41.86.
Shares of Deltic Timber Corp. (NYSE:DEL) traded down 0.14% during trading on Thursday, hitting $70.00. 42,899 shares of the stock traded hands. The stock has a market cap of $850.43 million, a PE ratio of 192.31 and a beta of 0.80. Deltic Timber Corp. has a 12 month low of $50.84 and a 12 month high of $72.74. The firm’s 50-day moving average price is $70.35 and its 200-day moving average price is $65.33.
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Deltic Timber Corp. (NYSE:DEL) last announced its quarterly earnings data 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 the consensus estimate of $45.70 million. Deltic Timber Corp. had a net margin of 2.18% and a return on equity of 1.82%. Analysts anticipate that Deltic Timber Corp. will post $1.50 EPS for the current year.
In other news, Director J Thurston Roach sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $70.00, for a total transaction of $70,000.00. Following the sale, the director now directly owns 10,112 shares in the company, valued at approximately $707,840. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ray C. Dillon sold 11,119 shares of the firm’s stock in a transaction 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 sale, the insider now owns 99,208 shares in the company, valued at $6,944,560. The disclosure for this sale can be found here. Insiders own 14.40% of the company’s stock.
Several hedge funds have recently made changes to their positions in DEL. Thrivent Financial for Lutherans increased its stake in shares of Deltic Timber Corp. by 5.9% in the second quarter. Thrivent Financial for Lutherans now owns 5,170 shares of the company’s stock valued at $347,000 after buying an additional 290 shares during the last quarter. BlackRock Advisors LLC increased its stake in shares of Deltic Timber Corp. by 2.8% in the second quarter. BlackRock Advisors LLC now owns 5,307 shares of the company’s stock valued at $356,000 after buying an additional 144 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Deltic Timber Corp. by 18.4% in the second quarter. Parametric Portfolio Associates LLC now owns 5,386 shares of the company’s stock valued at $362,000 after buying an additional 837 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Deltic Timber Corp. by 1.8% in the second quarter. Arizona State Retirement System now owns 5,572 shares of the company’s stock valued at $374,000 after buying an additional 100 shares during the last quarter. Finally, Nationwide Fund Advisors increased its stake in shares of 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 during the last quarter. Hedge funds and other institutional investors 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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