Deltic Timber Corporation (DEL) Downgraded by BidaskClub to “Sell”
BidaskClub lowered shares of Deltic Timber Corporation (NYSE:DEL) from a hold rating to a sell rating in a report released on Saturday.
Other equities analysts have also issued research reports about the stock. BTIG Research reaffirmed a buy rating and set a $45.00 price objective on shares of Deltic Timber Corporation in a research report on Wednesday, April 19th. Bank of America Corporation upgraded Deltic Timber Corporation from a neutral rating to a buy rating and increased their price target for the company from $44.00 to $54.00 in a report on Wednesday, April 26th. Barclays PLC reiterated an equal weight rating and set a $43.00 price target (up previously from $41.00) on shares of Deltic Timber Corporation in a report on Sunday, May 28th. Morgan Stanley raised their price objective on shares of Deltic Timber Corporation from $47.00 to $48.00 and gave the stock an equal weight rating in a research note on Tuesday, June 6th. Finally, Oppenheimer Holdings, Inc. restated an outperform rating and issued a $54.00 price objective (up previously from $53.00) on shares of Deltic Timber Corporation in a research note on Wednesday, June 7th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $48.40.
Shares of Deltic Timber Corporation (NYSE:DEL) traded up 0.96% during mid-day trading on Friday, hitting $72.89. 20,977 shares of the stock traded hands. Deltic Timber Corporation has a 12-month low of $53.21 and a 12-month high of $85.49. The stock has a market cap of $933.94 million, a P/E ratio of 105.64 and a beta of 0.89. The firm’s 50 day moving average price is $73.26 and its 200-day moving average price is $74.79.
Deltic Timber Corporation (NYSE:DEL) last announced its earnings results on Wednesday, August 2nd. The construction company reported $0.22 EPS for the quarter. Deltic Timber Corporation had a net margin of 3.82% and a return on equity of 3.38%. The company had revenue of $55.35 million during the quarter. Analysts predict that Deltic Timber Corporation will post $1.50 earnings per share for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Tuesday, September 5th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Thursday, August 31st. Deltic Timber Corporation’s dividend payout ratio is currently 57.97%.
Large investors have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in Deltic Timber Corporation by 132,559.0% in the first quarter. BlackRock Inc. now owns 1,378,327 shares of the construction company’s stock worth $107,675,000 after buying an additional 1,377,288 shares during the period. Vanguard Group Inc. raised its position in shares of Deltic Timber Corporation by 5.2% in the first quarter. Vanguard Group Inc. now owns 974,313 shares of the construction company’s stock worth $76,113,000 after buying an additional 47,795 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Deltic Timber Corporation by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 358,932 shares of the construction company’s stock worth $28,039,000 after buying an additional 5,959 shares in the last quarter. State Street Corp raised its position in shares of Deltic Timber Corporation by 4.4% in the first quarter. State Street Corp now owns 257,348 shares of the construction company’s stock worth $20,100,000 after buying an additional 10,884 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Deltic Timber Corporation by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 143,478 shares of the construction company’s stock worth $10,712,000 after buying an additional 3,657 shares in the last quarter. Institutional investors own 81.00% of the company’s stock.
Deltic Timber Corporation 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 the Company’s timberlands; 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 four real estate developments and a related country club operation, and Corporate.
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