Stifel Nicolaus Reaffirms “Hold” Rating for Deltic Timber Corp. (DEL)
Stifel Nicolaus reaffirmed their hold rating on shares of Deltic Timber Corp. (NYSE:DEL) in a research note released on Saturday morning. The brokerage currently has a $41.00 price target on the stock, up from their previous price target of $40.00.
A number of other analysts also recently commented on DEL. Barclays PLC reiterated 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. Credit Suisse Group AG reiterated a neutral rating and issued a $42.00 price objective on shares of Deltic Timber Corp. in a research report on Tuesday, August 16th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. Deltic Timber Corp. currently has a consensus rating of Hold and an average target price of $41.21.
Deltic Timber Corp. (NYSE:DEL) opened at 65.43 on Friday. The stock has a 50 day moving average price of $69.51 and a 200 day moving average price of $66.11. Deltic Timber Corp. has a 1-year low of $50.84 and a 1-year high of $72.74. The company has a market cap of $794.91 million, a PE ratio of 179.75 and a beta of 0.92.
Deltic Timber Corp. (NYSE:DEL) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.35 EPS for the quarter. Deltic Timber Corp. had a return on equity of 1.82% and a net margin of 2.18%. The company earned $56.70 million during the quarter, compared to the consensus estimate of $45.70 million. Equities analysts forecast that Deltic Timber Corp. will post $1.50 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.61%. Deltic Timber Corp.’s dividend payout ratio is 108.11%.
In other news, VP Kent L. Streeter sold 7,516 shares of Deltic Timber Corp. stock in a transaction on Friday, September 16th. The stock was sold at an average price of $69.98, for a total value of $525,969.68. Following the completion of the sale, the vice president now directly owns 16,050 shares of the company’s stock, valued at approximately $1,123,179. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Madison Murphy bought 4,389 shares of the stock in a transaction dated Tuesday, August 9th. The stock was purchased at an average cost of $45.34 per share, with a total value of $198,997.26. The disclosure for this purchase can be found here. Corporate insiders own 14.40% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Deltic Timber Corp. by 1.2% in the second quarter. Vanguard Group Inc. now owns 892,460 shares of the company’s stock valued at $59,911,000 after buying an additional 10,675 shares during the period. Principal Financial Group Inc. boosted its stake in Deltic Timber Corp. by 2.7% in the second quarter. Principal Financial Group Inc. now owns 75,194 shares of the company’s stock valued at $5,048,000 after buying an additional 1,975 shares during the period. Brown Advisory Inc. boosted its stake in Deltic Timber Corp. by 4.6% in the second quarter. Brown Advisory Inc. now owns 498,928 shares of the company’s stock valued at $33,493,000 after buying an additional 21,976 shares during the period. Dimensional Fund Advisors LP boosted its stake in Deltic Timber Corp. by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 336,274 shares of the company’s stock valued at $22,573,000 after buying an additional 5,033 shares during the period. Finally, Teacher Retirement System of Texas boosted its stake in Deltic Timber Corp. by 13.2% in the second quarter. Teacher Retirement System of Texas now owns 1,568 shares of the company’s stock valued at $105,000 after buying an additional 183 shares during the period. 82.05% of the stock is owned by institutional investors.
Deltic Timber Corp. Company Profile
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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