Deltic Timber Corp. (DEL) Rating Reiterated by BTIG Research
Several other equities research analysts have also weighed in on DEL. Barclays PLC restated an equal weight rating and issued a $37.00 target price on shares of Deltic Timber Corp. in a report on Friday, July 15th. Credit Suisse Group AG restated a neutral rating and issued a $42.00 target price on shares of Deltic Timber Corp. in a report on Tuesday, August 16th. Finally, Stifel Nicolaus restated a hold rating and issued a $41.00 target price (up from $40.00) on shares of Deltic Timber Corp. in a report on Saturday, October 8th. Eleven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $42.40.
Deltic Timber Corp. (NYSE:DEL) opened at 63.60 on Monday. The company has a market capitalization of $772.68 million, a PE ratio of 174.73 and a beta of 0.92. Deltic Timber Corp. has a 52 week low of $50.84 and a 52 week high of $72.74. The company’s 50-day moving average price is $68.95 and its 200 day moving average price is $66.22.
Deltic Timber Corp. (NYSE:DEL) last posted its earnings results on Wednesday, July 27th. The company reported $0.35 earnings per share for the quarter. Deltic Timber Corp. had a return on equity of 1.82% and a net margin of 2.18%. The firm earned $56.70 million during the quarter, compared to analyst estimates of $45.70 million. On average, equities research analysts anticipate that Deltic Timber Corp. will post $1.50 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend is Tuesday, November 29th. Deltic Timber Corp.’s dividend payout ratio is presently 108.11%.
In related news, Director Robert Madison Murphy purchased 4,389 shares of the stock in a transaction 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ray C. Dillon sold 11,119 shares of the company’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $70.00, for a total value of $778,330.00. Following the completion of the sale, the insider now owns 99,208 shares in the company, valued at $6,944,560. The disclosure for this sale can be found here. Insiders own 14.40% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Mason Street Advisors LLC bought a new stake in shares of Deltic Timber Corp. during the second quarter worth $140,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Deltic Timber Corp. by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 36,511 shares of the company’s stock worth $2,451,000 after buying an additional 636 shares during the period. Arizona State Retirement System boosted its stake in shares of Deltic Timber Corp. by 1.8% in the second quarter. Arizona State Retirement System now owns 5,572 shares of the company’s stock worth $374,000 after buying an additional 100 shares during the period. Guggenheim Capital LLC boosted its stake in shares of Deltic Timber Corp. by 58.1% in the second quarter. Guggenheim Capital LLC now owns 25,761 shares of the company’s stock worth $1,730,000 after buying an additional 9,462 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Deltic Timber Corp. by 18.4% in the second quarter. Parametric Portfolio Associates LLC now owns 5,386 shares of the company’s stock worth $362,000 after buying an additional 837 shares during the period. Hedge funds and other institutional investors own 82.05% of the company’s stock.
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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