Deltic Timber Corp. (DEL) Lifted to “Neutral” at Bank of America Corp.
DEL has been the subject of a number of other reports. Barclays PLC reiterated an equal weight rating and issued a $35.00 price objective (down from $37.00) on shares of Deltic Timber Corp. in a report on Sunday, July 31st. BTIG Research reiterated a buy rating and issued a $52.00 price objective on shares of Deltic Timber Corp. in a report on Monday, October 10th. Stifel Nicolaus reiterated a hold rating and issued a $41.00 price objective (up from $40.00) on shares of Deltic Timber Corp. in a report on Saturday, October 8th. BMO Capital Markets reiterated a market perform rating and issued a $37.00 price objective on shares of Deltic Timber Corp. in a report on Wednesday, October 12th. Finally, Credit Suisse Group AG reissued a neutral rating and issued a $42.00 target price on shares of Deltic Timber Corp. in a research note on Tuesday, August 16th. Eleven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of Hold and an average target price of $42.27.
Deltic Timber Corp. (NYSE:DEL) opened at 63.62 on Wednesday. The stock’s 50 day moving average price is $68.74 and its 200-day moving average price is $66.26. Deltic Timber Corp. has a 12 month low of $50.84 and a 12 month high of $72.74. The company has a market capitalization of $772.92 million, a P/E ratio of 174.78 and a beta of 0.92.
Deltic Timber Corp. (NYSE:DEL) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.35 earnings per share (EPS) 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 analysts’ expectations of $45.70 million. On average, equities research analysts predict that Deltic Timber Corp. will post $1.50 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.63%. Deltic Timber Corp.’s dividend payout ratio (DPR) is 108.11%.
In other Deltic Timber Corp. news, insider Byrom Walker sold 1,199 shares of the company’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $70.59, for a total transaction of $84,637.41. Following the transaction, the insider now owns 3,294 shares in the company, valued at approximately $232,523.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ray C. Dillon sold 11,119 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $70.00, for a total value of $778,330.00. Following the transaction, the insider now owns 99,208 shares in the company, valued at approximately $6,944,560. The disclosure for this sale can be found here. Company insiders own 14.40% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of DEL. Wellington Management Group LLP increased its position in Deltic Timber Corp. by 5.7% in the first quarter. Wellington Management Group LLP now owns 1,427,032 shares of the company’s stock worth $85,837,000 after buying an additional 77,011 shares during the period. Chartwell Investment Partners LLC purchased a new position in Deltic Timber Corp. during the second quarter worth $3,565,000. Brown Advisory Inc. increased its position in Deltic Timber Corp. by 4.6% in the second quarter. Brown Advisory Inc. now owns 498,928 shares of the company’s stock worth $33,493,000 after buying an additional 21,976 shares during the period. Baird Financial Group Inc. bought a new stake in Deltic Timber Corp. during the second quarter valued at $1,217,000. Finally, Vanguard Group Inc. increased 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 last quarter. Hedge funds and other institutional investors own 82.03% of the company’s stock.
About Deltic Timber Corp.
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.
Receive News & Ratings for Deltic Timber Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deltic Timber Corp. and related companies with MarketBeat.com's FREE daily email newsletter.