Deltic Timber Corporation (DEL) Receives Average Recommendation of “Hold” from Analysts
Deltic Timber Corporation (NYSE:DEL) has earned a consensus recommendation of “Hold” from the twelve research firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $48.40.
A number of equities analysts recently weighed in on the stock. BidaskClub lowered shares of Deltic Timber Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. BTIG Research restated a “buy” rating and set a $57.00 price target (up from $52.00) on shares of Deltic Timber Corporation in a research report on Wednesday, July 26th. CIBC boosted their price target on shares of Deltic Timber Corporation from $53.00 to $54.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 7th. Stephens upgraded shares of Deltic Timber Corporation from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $49.00 to $60.00 in a research report on Monday, July 17th. Finally, BMO Capital Markets restated an “underperform” rating and set a $30.00 price target (up from $28.00) on shares of Deltic Timber Corporation in a research report on Friday, June 16th.
Institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Deltic Timber Corporation by 0.4% in the second quarter. BlackRock Inc. now owns 1,384,282 shares of the construction company’s stock worth $103,351,000 after buying an additional 5,955 shares during the period. Vanguard Group Inc. increased its position in shares of Deltic Timber Corporation by 3.5% in the second quarter. Vanguard Group Inc. now owns 1,008,220 shares of the construction company’s stock worth $75,274,000 after buying an additional 33,907 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Deltic Timber Corporation by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 358,932 shares of the construction company’s stock worth $28,039,000 after buying an additional 5,959 shares during the period. State Street Corp increased its position in shares of 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 period. Finally, Northern Trust Corp increased its position in shares of Deltic Timber Corporation by 4.1% in the second quarter. Northern Trust Corp now owns 149,459 shares of the construction company’s stock worth $11,159,000 after buying an additional 5,892 shares during the period. 80.80% of the stock is currently owned by institutional investors.
Shares of Deltic Timber Corporation (DEL) traded down 1.18% during mid-day trading on Friday, reaching $68.00. 72,982 shares of the company’s stock traded hands. The company has a market cap of $828.65 million, a P/E ratio of 98.55 and a beta of 0.89. The company’s 50 day moving average is $72.94 and its 200 day moving average is $74.60. Deltic Timber Corporation has a 12-month low of $53.21 and a 12-month high of $85.49.
Deltic Timber Corporation (NYSE:DEL) last posted its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.22 earnings per share for the quarter. The firm had revenue of $55.35 million for the quarter. Deltic Timber Corporation had a net margin of 3.82% and a return on equity of 3.38%. On average, analysts predict that Deltic Timber Corporation will post $1.50 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Tuesday, September 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 0.59%. The ex-dividend date is Thursday, August 31st. Deltic Timber Corporation’s dividend payout ratio (DPR) is presently 57.97%.
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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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