Deltic Timber Corp. (DEL) Sets New 12-Month High at $72.26
Deltic Timber Corp. (NYSE:DEL) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $72.26 and last traded at $70.77, with a volume of 40,825 shares traded. The stock had previously closed at $69.71.
A number of research analysts have recently issued reports on the stock. Nomura reaffirmed a “neutral” rating and issued a $33.00 price objective (up previously from $29.00) on shares of Deltic Timber Corp. in a research report on Thursday, May 5th. Credit Suisse Group AG reaffirmed a “neutral” rating and issued a $42.00 price objective on shares of Deltic Timber Corp. in a research report on Tuesday, August 16th. Barclays PLC reaffirmed an “equal weight” rating and issued a $37.00 price objective on shares of Deltic Timber Corp. in a research report on Friday, July 15th. Finally, Bank of America Corp. downgraded shares of Deltic Timber Corp. from a “neutral” rating to an “underperform” rating in a research report on Monday, May 2nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. Deltic Timber Corp. currently has a consensus rating of “Hold” and a consensus target price of $41.86.
The firm has a market capitalization of $862.21 million and a price-to-earnings ratio of 194.97. The company’s 50 day moving average is $68.99 and its 200 day moving average is $63.24.
Deltic Timber Corp. (NYSE:DEL) last announced its earnings results on Wednesday, July 27th. The company reported $0.35 earnings per share (EPS) for the quarter. The business had revenue of $56.70 million for the quarter, compared to analysts’ expectations of $45.70 million. On average, equities analysts predict that Deltic Timber Corp. will post $1.50 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be given 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 dividend yield of 0.56%.
In other news, Director Robert Madison Murphy acquired 4,389 shares of the stock in a transaction that occurred on Tuesday, August 9th. The shares were purchased at an average cost of $45.34 per share, for a total transaction of $198,997.26. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ray C. Dillon sold 11,119 shares of Deltic Timber Corp. stock in a transaction on Monday, August 1st. The shares were sold at an average price of $70.00, for a total transaction of $778,330.00. Following the completion of the transaction, the insider now owns 99,208 shares in the company, valued at $6,944,560. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Deltic Timber Corp. stock. Schwab Charles Investment Management Inc. boosted its position in shares of Deltic Timber Corp. (NYSE:DEL) by 10.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,145 shares of the company’s stock after buying an additional 3,199 shares during the period. Schwab Charles Investment Management Inc. owned 0.28% of Deltic Timber Corp. worth $2,069,000 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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