Deltic Timber Corp.’s (DEL) “Buy” Rating Reiterated at BTIG Research
Deltic Timber Corp. (NYSE:DEL)‘s stock had its “buy” rating restated by equities researchers at BTIG Research in a report released on Monday. They presently have a $52.00 price target on the stock. BTIG Research’s price target indicates a potential downside of 20.53% from the stock’s current price.
Several other equities research analysts 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 report 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 report on Saturday. Finally, Barclays PLC reissued an “equal weight” rating and set 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, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $41.93.
Deltic Timber Corp. (NYSE:DEL) traded up 0.81% on Monday, reaching $65.96. The company’s stock had a trading volume of 5,091 shares. The firm has a market cap of $801.35 million, a P/E ratio of 181.21 and a beta of 0.92. The firm’s 50 day moving average is $69.51 and its 200-day moving average is $66.11. Deltic Timber Corp. has a 12 month low of $50.84 and a 12 month high of $72.74.
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Deltic Timber Corp. (NYSE:DEL) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.35 earnings per share for the quarter. Deltic Timber Corp. had a net margin of 2.18% and a return on equity of 1.82%. The firm had revenue of $56.70 million for the quarter, compared to analyst estimates of $45.70 million. On average, equities research analysts anticipate that Deltic Timber Corp. will post $1.50 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be paid 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 payout ratio is 108.11%.
In other Deltic Timber Corp. news, insider Byrom Walker sold 1,199 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $70.59, for a total value of $84,637.41. Following the transaction, the insider now directly owns 3,294 shares in the company, 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 business’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $69.98, for a total transaction of $525,969.68. Following the completion of the transaction, the vice president now owns 16,050 shares in the company, valued at $1,123,179. The disclosure for this sale can be found here. 14.40% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Prudential Financial Inc. boosted its position in Deltic Timber Corp. by 8.5% in the first quarter. Prudential Financial Inc. now owns 27,933 shares of the company’s stock worth $1,680,000 after buying an additional 2,200 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Deltic Timber Corp. by 26.6% in the first quarter. Goldman Sachs Group Inc. now owns 14,198 shares of the company’s stock worth $854,000 after buying an additional 2,981 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of 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 during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Deltic Timber Corp. by 121.1% in the second quarter. BNP Paribas Arbitrage SA now owns 3,336 shares of the company’s stock worth $224,000 after buying an additional 1,827 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its stake in shares of Deltic Timber Corp. by 14.7% in the second quarter. Capstone Asset Management Co. now owns 4,993 shares of the company’s stock worth $335,000 after buying an additional 640 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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