Deltic Timber Corporation (NYSE:DEL) was upgraded by Stephens from an “underweight” rating to an “equal weight” rating in a research report issued to clients and investors on Monday. The brokerage currently has a $60.00 price objective on the construction company’s stock, up from their prior price objective of $49.00. Stephens’ target price indicates a potential downside of 18.98% from the company’s current price.

Other analysts have also recently issued reports about the company. BTIG Research reiterated a “buy” rating and issued a $45.00 price target on shares of Deltic Timber Corporation in a research report on Tuesday, July 4th. Morgan Stanley upped their price target on 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. CIBC upped their price target on Deltic Timber Corporation from $53.00 to $54.00 and gave the company an “outperform” rating in a research report on Wednesday, June 7th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $54.00 price target (up from $53.00) on shares of Deltic Timber Corporation in a research report on Wednesday, June 7th. Finally, BMO Capital Markets reiterated an “underperform” rating and issued a $30.00 price target (up from $28.00) on shares of Deltic Timber Corporation in a research report on Friday, June 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $47.20.

Deltic Timber Corporation (NYSE:DEL) traded up 0.16% during mid-day trading on Monday, hitting $74.18. 8,323 shares of the stock were exchanged. The company has a 50-day moving average price of $71.51 and a 200-day moving average price of $75.54. The company has a market cap of $903.81 million, a P/E ratio of 90.80 and a beta of 0.89. Deltic Timber Corporation has a one year low of $53.21 and a one year high of $85.49.

Deltic Timber Corporation (NYSE:DEL) last issued its quarterly earnings results on Wednesday, May 3rd. The construction company reported $0.09 EPS for the quarter. The company had revenue of $53.22 million during the quarter. Deltic Timber Corporation had a return on equity of 4.02% and a net margin of 4.47%. On average, analysts predict that Deltic Timber Corporation will post $1.50 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of DEL. Horrell Capital Management Inc. increased its position in Deltic Timber Corporation by 2.5% in the second quarter. Horrell Capital Management Inc. now owns 27,941 shares of the construction company’s stock worth $2,086,000 after buying an additional 681 shares during the last quarter. State of Alaska Department of Revenue increased its position in Deltic Timber Corporation by 78.6% in the second quarter. State of Alaska Department of Revenue now owns 2,090 shares of the construction company’s stock worth $156,000 after buying an additional 920 shares during the last quarter. State Street Corp increased its position in Deltic Timber Corporation by 4.4% in the first quarter. State Street Corp now owns 257,348 shares of the construction company’s stock worth $20,100,000 after buying an additional 10,884 shares during the last quarter. Bank of America Corp DE increased its position in Deltic Timber Corporation by 31.9% in the first quarter. Bank of America Corp DE now owns 32,239 shares of the construction company’s stock worth $2,518,000 after buying an additional 7,801 shares during the last quarter. Finally, PEAK6 Investments L.P. purchased a new position in Deltic Timber Corporation during the first quarter worth about $288,000. Institutional investors and hedge funds own 80.99% of the company’s stock.

Deltic Timber Corporation Company Profile

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.

Analyst Recommendations for Deltic Timber Corporation (NYSE:DEL)

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