Deltic Timber (DEL) Downgraded by ValuEngine
ValuEngine lowered shares of Deltic Timber (NYSE:DEL) from a buy rating to a hold rating in a research note released on Friday.
A number of other research firms also recently weighed in on DEL. TheStreet raised shares of Deltic Timber from a c+ rating to a b- rating in a research note on Thursday, September 28th. BidaskClub downgraded shares of Deltic Timber from a hold rating to a sell rating in a research note on Saturday, August 5th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Deltic Timber currently has an average rating of Hold and an average price target of $50.13.
Deltic Timber (DEL) opened at $91.83 on Friday. Deltic Timber has a one year low of $65.65 and a one year high of $96.65. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.94. The firm has a market cap of $1,128.71, a price-to-earnings ratio of 120.26 and a beta of 0.93.
Deltic Timber (NYSE:DEL) last posted its quarterly earnings results on Monday, October 23rd. The construction company reported $0.20 earnings per share for the quarter. Deltic Timber had a net margin of 4.13% and a return on equity of 3.74%. The business had revenue of $61.66 million for the quarter. research analysts predict that Deltic Timber will post 0.52 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Monday, December 4th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Friday, December 1st. Deltic Timber’s dividend payout ratio is presently 51.95%.
Large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in Deltic Timber by 0.4% during the second quarter. BlackRock Inc. now owns 1,384,282 shares of the construction company’s stock valued at $103,351,000 after acquiring an additional 5,955 shares during the period. Vanguard Group Inc. boosted its holdings in Deltic Timber by 3.5% during the second quarter. Vanguard Group Inc. now owns 1,008,220 shares of the construction company’s stock valued at $75,274,000 after acquiring an additional 33,907 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Deltic Timber by 2.4% during the third quarter. Dimensional Fund Advisors LP now owns 369,675 shares of the construction company’s stock valued at $32,690,000 after acquiring an additional 8,743 shares during the period. NWQ Investment Management Company LLC boosted its holdings in Deltic Timber by 1.1% during the third quarter. NWQ Investment Management Company LLC now owns 338,792 shares of the construction company’s stock valued at $29,959,000 after acquiring an additional 3,820 shares during the period. Finally, State Street Corp boosted its holdings in Deltic Timber by 3.5% during the second quarter. State Street Corp now owns 266,258 shares of the construction company’s stock valued at $19,876,000 after acquiring an additional 8,910 shares during the period. Hedge funds and other institutional investors own 85.55% of the company’s stock.
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Deltic Timber 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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