Deltic Timber Corporation (DEL) Given Average Rating of “Hold” by Brokerages
Deltic Timber Corporation (NYSE:DEL) has been given a consensus rating of “Hold” by the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $47.20.
DEL has been the topic of several analyst reports. Bank of America Corporation raised shares of Deltic Timber Corporation from a “neutral” rating to a “buy” rating and lifted their price target for the company from $44.00 to $54.00 in a research report on Wednesday, April 26th. BTIG Research lifted their price target on shares of Deltic Timber Corporation from $45.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. Stephens raised shares of Deltic Timber Corporation from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $49.00 to $60.00 in a research report on Monday. Morgan Stanley lifted their price target on shares of Deltic Timber Corporation from $48.00 to $49.00 and gave the company an “equal weight” rating in a research report on Thursday, July 6th. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $43.00 price target (up previously from $41.00) on shares of Deltic Timber Corporation in a research report on Sunday, May 28th.
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Several institutional investors have recently bought and sold shares of DEL. BlackRock Inc. increased its position in Deltic Timber Corporation by 132,559.0% in the first quarter. BlackRock Inc. now owns 1,378,327 shares of the construction company’s stock valued at $107,675,000 after buying an additional 1,377,288 shares during the period. Norges Bank acquired a new position in Deltic Timber Corporation during the fourth quarter valued at approximately $24,440,000. Vanguard Group Inc. increased its position in Deltic Timber Corporation by 5.2% in the first quarter. Vanguard Group Inc. now owns 974,313 shares of the construction company’s stock valued at $76,113,000 after buying an additional 47,795 shares during the period. State Street Corp increased its position in Deltic Timber Corporation by 10.2% in the fourth quarter. State Street Corp now owns 246,464 shares of the construction company’s stock valued at $18,997,000 after buying an additional 22,911 shares during the period. Finally, Gruss Capital Management LP acquired a new position in Deltic Timber Corporation during the first quarter valued at approximately $1,562,000. Institutional investors and hedge funds own 80.99% of the company’s stock.
Shares of Deltic Timber Corporation (DEL) traded up 0.22% during midday trading on Monday, reaching $74.22. The company’s stock had a trading volume of 28,334 shares. Deltic Timber Corporation has a one year low of $53.21 and a one year high of $85.49. The stock’s 50 day moving average price is $71.51 and its 200 day moving average price is $75.54. The firm has a market cap of $904.30 million, a price-to-earnings ratio of 90.84 and a beta of 0.89.
Deltic Timber Corporation (NYSE:DEL) last released its earnings results on Wednesday, May 3rd. The construction company reported $0.09 earnings per share for the quarter. The business had revenue of $53.22 million for the quarter. Deltic Timber Corporation had a net margin of 4.47% and a return on equity of 4.02%. Analysts predict that Deltic Timber Corporation will post $1.50 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Tuesday, September 5th will be paid a $0.10 dividend. The ex-dividend date is Thursday, August 31st. This represents a $0.40 annualized dividend and a dividend yield of 0.54%. Deltic Timber Corporation’s dividend payout ratio (DPR) is 48.78%.
About Deltic Timber Corporation
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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