Deltic Timber Corp. (DEL) Hits New 12-Month High at $69.78
Deltic Timber Corp. (NYSE:DEL)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $69.78 and last traded at $69.62, with a volume of 17,629 shares trading hands. The stock had previously closed at $68.47.
Several equities analysts have recently commented on DEL shares. BMO Capital Markets reaffirmed a “market perform” rating and issued a $30.00 target price (down previously from $37.00) on shares of Deltic Timber Corp. in a research report on Thursday, March 31st. Macquarie reaffirmed an “outperform” rating and issued a $60.00 target price (down previously from $65.00) on shares of Deltic Timber Corp. in a research report on Tuesday, April 5th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $50.00 target price on shares of Deltic Timber Corp. in a research report on Tuesday, April 5th. Bank of America Corp. downgraded Deltic Timber Corp. from a “neutral” rating to an “underperform” rating in a research report on Monday, May 2nd. Finally, Nomura reaffirmed a “neutral” rating and issued a $33.00 target price (up previously from $29.00) on shares of Deltic Timber Corp. in a research report on Thursday, May 5th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $42.36.
The stock has a 50-day moving average of $66.61 and a 200 day moving average of $61.11. The company has a market capitalization of $838.23 million and a P/E ratio of 775.62.
Deltic Timber Corp. (NYSE:DEL) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.35 earnings per share for the quarter. The business earned $56.70 million during the quarter, compared to analysts’ expectations of $45.70 million. Analysts predict that Deltic Timber Corp. will post $1.50 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.58%.
In related news, VP David V. Meghreblian sold 4,855 shares of Deltic Timber Corp. stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $64.71, for a total value of $314,167.05. Following the completion of the transaction, the vice president now directly owns 16,797 shares in the company, valued at approximately $1,086,933.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
An institutional investor recently raised its position in Deltic Timber Corp. stock. California State Teachers Retirement System boosted its stake in shares of Deltic Timber Corp. (NYSE:DEL) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,368 shares of the company’s stock after buying an additional 300 shares during the period. California State Teachers Retirement System owned 0.16% of Deltic Timber Corp. worth $1,199,000 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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