Deltic Timber Corp.’s (DEL) “Hold” Rating Reaffirmed at Stifel Nicolaus
Deltic Timber Corp. (NYSE:DEL)‘s stock had its “hold” rating reaffirmed by equities researchers at Stifel Nicolaus in a research report issued on Saturday. They presently have a $41.00 target price on the stock, up from their previous target price of $40.00. Stifel Nicolaus’ price objective would suggest a potential downside of 37.34% from the company’s current price.
Other equities research analysts have also recently issued reports about the company. Credit Suisse Group AG reaffirmed a “neutral” rating and issued a $42.00 price target on shares of Deltic Timber Corp. in a research note on Tuesday, August 16th. Barclays PLC reissued an “equal weight” rating and issued a $37.00 target price on shares of Deltic Timber Corp. in a report on Friday, July 15th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $41.21.
Shares of Deltic Timber Corp. (NYSE:DEL) opened at 65.43 on Friday. Deltic Timber Corp. has a 12 month low of $50.84 and a 12 month high of $72.74. The stock has a market capitalization of $794.91 million, a price-to-earnings ratio of 179.75 and a beta of 0.92. The stock’s 50 day moving average price is $69.51 and its 200 day moving average price is $66.11.
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Deltic Timber Corp. (NYSE:DEL) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.35 earnings per share for the quarter. The company had revenue of $56.70 million for the quarter, compared to analysts’ expectations of $45.70 million. Deltic Timber Corp. had a return on equity of 1.82% and a net margin of 2.18%. Analysts expect that Deltic Timber Corp. will post $1.50 EPS for the current year.
The company also recently announced 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 0.61%. The ex-dividend date is Tuesday, November 29th. Deltic Timber Corp.’s dividend payout ratio is 108.11%.
In other Deltic Timber Corp. news, insider Byrom Walker sold 1,199 shares of the stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $70.59, for a total value of $84,637.41. Following the transaction, the insider now owns 3,294 shares of the company’s stock, valued at $232,523.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Kent L. Streeter sold 7,516 shares of the stock in a transaction dated Friday, September 16th. The shares were 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 directly owns 16,050 shares in the company, 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.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP increased its position in Deltic Timber Corp. by 5.7% in the first quarter. Wellington Management Group LLP now owns 1,427,032 shares of the company’s stock worth $85,837,000 after buying an additional 77,011 shares in the last quarter. Vanguard Group Inc. increased its position in Deltic Timber Corp. by 1.2% in the second quarter. Vanguard Group Inc. now owns 892,460 shares of the company’s stock worth $59,911,000 after buying an additional 10,675 shares in the last quarter. BlackRock Fund Advisors increased its position in Deltic Timber Corp. by 1.0% in the second quarter. BlackRock Fund Advisors now owns 721,768 shares of the company’s stock worth $48,452,000 after buying an additional 7,024 shares in the last quarter. Brown Advisory Inc. increased its position in Deltic Timber Corp. by 4.6% in the second quarter. Brown Advisory Inc. now owns 498,928 shares of the company’s stock worth $33,493,000 after buying an additional 21,976 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Deltic Timber Corp. by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 336,274 shares of the company’s stock worth $22,573,000 after buying an additional 5,033 shares in the last quarter. 82.05% of the stock is currently owned by institutional investors.
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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