Deltic Timber Corporation (DEL) Downgraded by BidaskClub
Deltic Timber Corporation (NYSE:DEL) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Thursday.
A number of other research analysts have also recently issued reports on DEL. BTIG Research lifted their target price on Deltic Timber Corporation from $45.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. Bank of America Corporation upgraded Deltic Timber Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $44.00 to $54.00 in a report on Wednesday, April 26th. Barclays PLC restated an “equal weight” rating and set a $43.00 price target (up from $41.00) on shares of Deltic Timber Corporation in a report on Sunday, May 28th. Morgan Stanley boosted their price target on Deltic Timber Corporation from $47.00 to $48.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 6th. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $54.00 price target (up from $53.00) on shares of Deltic Timber Corporation in a report on Wednesday, June 7th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $49.11.
Shares of Deltic Timber Corporation (DEL) traded up 7.88% during mid-day trading on Thursday, reaching $73.24. 147,896 shares of the company traded hands. The stock’s 50 day moving average is $71.34 and its 200 day moving average is $73.90. Deltic Timber Corporation has a 52-week low of $53.21 and a 52-week high of $85.49. The stock has a market capitalization of $892.50 million, a PE ratio of 106.14 and a beta of 0.89.
Deltic Timber Corporation (NYSE:DEL) last released its earnings results on Wednesday, August 2nd. The construction company reported $0.22 earnings per share (EPS) for the quarter. Deltic Timber Corporation had a return on equity of 3.38% and a net margin of 3.82%. The firm had revenue of $55.35 million for the quarter. On average, analysts anticipate that Deltic Timber Corporation will post $1.50 earnings per share for the current year.
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Several hedge funds have recently added to or reduced their stakes in the company. Teachers Advisors LLC boosted its stake in Deltic Timber Corporation by 5.9% in the fourth quarter. Teachers Advisors LLC now owns 17,643 shares of the construction company’s stock valued at $1,360,000 after buying an additional 980 shares during the period. Wells Fargo & Company MN boosted its stake in Deltic Timber Corporation by 3.6% in the first quarter. Wells Fargo & Company MN now owns 93,199 shares of the construction company’s stock valued at $7,280,000 after buying an additional 3,243 shares during the period. Great West Life Assurance Co. Can raised its position in Deltic Timber Corporation by 4.6% in the first quarter. Great West Life Assurance Co. Can now owns 15,005 shares of the construction company’s stock worth $1,171,000 after buying an additional 664 shares in the last quarter. Bank of New York Mellon Corp raised its position in Deltic Timber Corporation by 16.4% in the first quarter. Bank of New York Mellon Corp now owns 139,821 shares of the construction company’s stock worth $10,923,000 after buying an additional 19,748 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in Deltic Timber Corporation by 12.7% in the first quarter. BNP Paribas Arbitrage SA now owns 2,174 shares of the construction company’s stock worth $170,000 after buying an additional 245 shares in the last quarter. Institutional investors own 80.58% of the company’s stock.
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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