Deltic Timber Corp (DEL) Given Average Rating of “Hold” by Brokerages
Shares of Deltic Timber Corp (NYSE:DEL) have earned a consensus rating of “Hold” from the eleven brokerages that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $50.13.
Several equities research analysts recently weighed in on DEL shares. ValuEngine raised Deltic Timber from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. TheStreet upgraded Deltic Timber from a “c+” rating to a “b-” rating in a research note on Thursday, September 28th.
Shares of Deltic Timber (DEL) traded down $0.07 during trading hours on Monday, reaching $89.55. The company’s stock had a trading volume of 216,900 shares, compared to its average volume of 134,475. The company has a current ratio of 1.72, a quick ratio of 1.18 and a debt-to-equity ratio of 0.94. Deltic Timber has a fifty-two week low of $65.65 and a fifty-two week high of $96.65. The company has a market cap of $1,091.53, a PE ratio of 116.30 and a beta of 0.93.
In other news, CFO Byrom Walker sold 5,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $90.94, for a total transaction of $500,170.00. Following the transaction, the chief financial officer now directly owns 10,979 shares of the company’s stock, valued at $998,430.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP David V. Meghreblian sold 16,057 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $90.94, for a total value of $1,460,223.58. Following the transaction, the vice president now directly owns 27,424 shares in the company, valued at $2,493,938.56. The disclosure for this sale can be found here. Insiders own 12.10% of the company’s stock.
A number of hedge funds have recently modified their holdings of DEL. Pinebridge Investments L.P. boosted its holdings in Deltic Timber by 1.2% in the second quarter. Pinebridge Investments L.P. now owns 1,397 shares of the construction company’s stock worth $104,000 after acquiring an additional 17 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Deltic Timber by 17.5% during the second quarter. Victory Capital Management Inc. now owns 2,224 shares of the construction company’s stock valued at $166,000 after purchasing an additional 332 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in shares of Deltic Timber during the third quarter valued at $209,000. Aperio Group LLC purchased a new stake in Deltic Timber during the third quarter valued at $210,000. Finally, Citadel Advisors LLC purchased a new stake in Deltic Timber during the third quarter valued at $212,000. 85.55% of the stock is currently owned by institutional investors.
About Deltic Timber
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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