Barclays PLC Reiterates “Equal Weight” Rating for Deltic Timber Corp (DEL)
Deltic Timber Corp (NYSE:DEL)‘s stock had its “equal weight” rating reaffirmed by Barclays PLC in a report released on Sunday. They currently have a $43.00 price target on the construction company’s stock, up from their prior price target of $41.00. Barclays PLC’s target price would indicate a potential downside of 38.51% from the company’s previous close.
A number of other equities research analysts also recently weighed in on DEL. TheStreet raised shares of Deltic Timber Corp from a “c” rating to a “b-” rating in a report on Monday, February 27th. Morgan Stanley reissued an “equal weight” rating and issued a $45.00 price target on shares of Deltic Timber Corp in a report on Monday, March 27th. BTIG Research reissued a “buy” rating and issued a $45.00 price target on shares of Deltic Timber Corp in a report on Thursday, April 6th. Finally, Bank of America Corp raised shares of Deltic Timber Corp from a “neutral” rating to a “buy” rating and upped their price target for the company from $44.00 to $54.00 in a report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $45.22.
Shares of Deltic Timber Corp (NYSE:DEL) traded up 0.10% during trading on Friday, hitting $69.93. 26,583 shares of the stock traded hands. Deltic Timber Corp has a 52-week low of $53.21 and a 52-week high of $85.49. The company’s 50 day moving average is $75.13 and its 200 day moving average is $75.21. The firm has a market cap of $852.03 million, a PE ratio of 85.59 and a beta of 0.97.
Deltic Timber Corp (NYSE:DEL) last issued its quarterly earnings results on Wednesday, May 3rd. The construction company reported $0.09 earnings per share for the quarter. Deltic Timber Corp had a net margin of 2.84% and a return on equity of 2.44%. The company had revenue of $53.22 million during the quarter. On average, equities research analysts predict that Deltic Timber Corp will post $1.50 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 19th. Shareholders of record on Monday, June 5th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Thursday, June 1st. Deltic Timber Corp’s dividend payout ratio is presently 81.63%.
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A number of hedge funds have recently bought and sold shares of DEL. Comerica Bank raised its stake in Deltic Timber Corp by 5.7% in the fourth quarter. Comerica Bank now owns 11,260 shares of the construction company’s stock worth $874,000 after buying an additional 612 shares in the last quarter. Brown Advisory Inc. raised its stake in Deltic Timber Corp by 19.2% in the fourth quarter. Brown Advisory Inc. now owns 600,229 shares of the construction company’s stock worth $46,259,000 after buying an additional 96,864 shares in the last quarter. Norges Bank purchased a new stake in Deltic Timber Corp during the fourth quarter worth approximately $24,440,000. Two Sigma Investments LP purchased a new stake in Deltic Timber Corp during the fourth quarter worth approximately $379,000. Finally, Horrell Capital Management Inc. raised its stake in Deltic Timber Corp by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the construction company’s stock worth $2,130,000 after buying an additional 100 shares in the last quarter. 78.01% of the stock is 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 the Company’s timberlands; 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 four real estate developments and a related country club operation, and Corporate.
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