Deltic Timber Corp. (DEL) Hits New 52-Week High at $70.00
Deltic Timber Corp. (NYSE:DEL) hit a new 52-week high on Monday . The company traded as high as $70.00 and last traded at $69.74, with a volume of 75,578 shares trading hands. The stock had previously closed at $68.92.
A number of equities research analysts recently weighed in on DEL shares. Macquarie reaffirmed an “outperform” rating and issued a $60.00 target price (down from $65.00) on shares of Deltic Timber Corp. in a research note on Tuesday, April 5th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $50.00 price target on shares of Deltic Timber Corp. in a research report on Tuesday, April 5th. Bank of America Corp. cut shares of Deltic Timber Corp. from a “neutral” rating to an “underperform” rating in a research report on Monday, May 2nd. Nomura reiterated a “neutral” rating and set a $33.00 price target (up from $29.00) on shares of Deltic Timber Corp. in a research report on Thursday, May 5th. Finally, Barclays PLC reiterated an “equal weight” rating and set a $37.00 price target on shares of Deltic Timber Corp. in a research report on Friday, July 15th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $42.21.
The company has a market cap of $843.02 million and a price-to-earnings ratio of 193.43. The firm’s 50 day moving average is $66.84 and its 200-day moving average is $61.47.
Deltic Timber Corp. (NYSE:DEL) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.35 EPS for the quarter. The business earned $56.70 million during the quarter, compared to analysts’ expectations of $45.70 million. On average, equities analysts expect that Deltic Timber Corp. will post $1.50 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be issued 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 0.57%.
In other news, VP David V. Meghreblian sold 4,855 shares of the company’s stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $64.71, for a total transaction of $314,167.05. Following the sale, the vice president now directly owns 16,797 shares of the company’s stock, valued at approximately $1,086,933.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
A hedge fund recently raised its stake in Deltic Timber Corp. stock. California State Teachers Retirement System boosted its stake in Deltic Timber Corp. (NYSE:DEL) by 1.5% during the fourth quarter, according to its most recent 13F filing with the SEC. 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 approximately 0.16% of Deltic Timber Corp. worth $1,199,000 as of its most recent filing with the SEC.
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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