Deltic Timber Corp. (DEL) Reaches New 12-Month High at $72.26
Shares of Deltic Timber Corp. (NYSE:DEL) hit a new 52-week high during 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.
DEL has been the topic of a number of analyst reports. Barclays PLC reissued an “equal weight” rating and issued a $35.00 price target (down from $37.00) on shares of Deltic Timber Corp. in a research report on Sunday, July 31st. Credit Suisse Group AG reissued a “neutral” rating and issued a $42.00 price target on shares of Deltic Timber Corp. in a research report on Tuesday, August 16th. Nomura reissued a “neutral” rating and issued a $33.00 price target (up from $29.00) on shares of Deltic Timber Corp. in a research report on Thursday, May 5th. Finally, Bank of America Corp. cut 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 given a hold rating and six have assigned a buy rating to the stock. Deltic Timber Corp. presently has an average rating of “Hold” and a consensus price target of $41.86.
The company has a market capitalization of $860.51 million and a price-to-earnings ratio of 194.59. The firm’s 50 day moving average price is $69.20 and its 200 day moving average price is $63.41.
Deltic Timber Corp. (NYSE:DEL) last issued its quarterly earnings data 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. Equities research analysts predict that Deltic Timber Corp. will post $1.50 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.56%. The ex-dividend date is Tuesday, August 30th.
In related news, CFO Kenneth Dewayne Mann sold 3,323 shares of Deltic Timber Corp. stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $70.50, for a total transaction of $234,271.50. Following the transaction, the chief financial officer now directly owns 27,939 shares of the company’s stock, valued at $1,969,699.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP David V. Meghreblian sold 4,855 shares of Deltic Timber Corp. stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $64.71, for a total transaction of $314,167.05. Following the transaction, the vice president now directly owns 16,797 shares in the company, valued at $1,086,933.87. 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. raised its stake 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 at the end of the most recent reporting period.
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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