Deltic Timber Corp. (DEL) Hits New 52-Week High at $69.78
Deltic Timber Corp. (NYSE:DEL)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $69.78 and last traded at $69.62, with a volume of 17,629 shares traded. The stock had previously closed at $68.47.
Several equities analysts have recently weighed in on the stock. Nomura Holdings Inc. reiterated a “neutral” rating and issued a $33.00 target price (up previously from $29.00) on shares of Deltic Timber Corp. in a research note on Thursday, May 5th. Bank of America Corp. downgraded shares of Deltic Timber Corp. from a “neutral” rating to an “underperform” rating in a research note on Monday, May 2nd. Barclays PLC reiterated an “equal weight” rating and issued a $37.00 target price on shares of Deltic Timber Corp. in a research note on Friday, July 15th. Macquarie reiterated an “outperform” rating and issued a $60.00 target price (down previously from $65.00) on shares of Deltic Timber Corp. in a research note on Tuesday, April 5th. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $50.00 target price on shares of Deltic Timber Corp. in a research note on Tuesday, April 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $42.36.
The firm has a market capitalization of $843.94 million and a PE ratio of 780.90. The firm has a 50 day moving average price of $66.42 and a 200 day moving average price of $60.94.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, August 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.58%.
In other Deltic Timber Corp. news, VP David V. Meghreblian sold 4,855 shares of Deltic Timber Corp. stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $64.71, for a total value of $314,167.05. Following the transaction, the vice president now directly owns 16,797 shares in the company, valued at approximately $1,086,933.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
A hedge fund recently raised its stake in Deltic Timber Corp. stock. Dimensional Fund Advisors LP increased its stake in shares of Deltic Timber Corp. (NYSE:DEL) by 3.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 314,548 shares of the company’s stock after buying an additional 11,322 shares during the period. Dimensional Fund Advisors LP owned 2.53% of Deltic Timber Corp. worth $18,518,000 at the end of the most recent quarter.
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 its timberlands, including harvesting and sale of timber, timberland sales and acquisitions, oil and gas revenues, timberland management and leasing of hunting land; 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 approximately four real estate developments and a related country club operation, and Corporate, which consists of executive management and the staff functions.
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