Deltic Timber Corp. (NYSE:DEL)‘s stock had its “hold” rating reiterated by Stifel Nicolaus in a note issued to investors on Saturday. They presently have a $41.00 target price on the stock, up from their prior target price of $40.00. Stifel Nicolaus’ price objective indicates a potential downside of 37.34% from the company’s previous close.
A number of other research analysts have also issued reports on DEL. Barclays PLC reiterated an “equal weight” rating and issued a $35.00 target price (down from $37.00) on shares of Deltic Timber Corp. in a report on Sunday, July 31st. Credit Suisse Group AG reiterated a “neutral” rating and issued a $42.00 target price on shares of Deltic Timber Corp. in a report on Tuesday, August 16th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $41.21.
Deltic Timber Corp. (NYSE:DEL) opened at 65.43 on Friday. Deltic Timber Corp. has a one year low of $50.84 and a one year high of $72.74. The stock has a 50 day moving average price of $69.51 and a 200-day moving average price of $66.11. The firm has a market capitalization of $794.91 million, a price-to-earnings ratio of 179.75 and a beta of 0.92.
Deltic Timber Corp. (NYSE:DEL) last issued its quarterly earnings data 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 business earned $56.70 million during the quarter, compared to analysts’ expectations of $45.70 million. On average, analysts predict that Deltic Timber Corp. will post $1.50 earnings per share for the current fiscal year.
The company also recently announced 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 0.61%. The ex-dividend date of this dividend is Tuesday, November 29th. Deltic Timber Corp.’s dividend payout ratio (DPR) is currently 108.11%.
In other news, VP Kent L. Streeter sold 7,516 shares of Deltic Timber Corp. stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $69.98, for a total transaction of $525,969.68. Following the sale, the vice president now owns 16,050 shares in the company, valued at $1,123,179. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director J Thurston Roach sold 1,000 shares of Deltic Timber Corp. stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $70.25, for a total value of $70,250.00. Following the sale, the director now owns 9,112 shares in the company, valued at approximately $640,118. The disclosure for this sale can be found here. Insiders own 14.40% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted 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 worth $59,911,000 after buying an additional 10,675 shares during the period. Principal Financial Group Inc. boosted its position in shares of Deltic Timber Corp. by 2.7% in the second quarter. Principal Financial Group Inc. now owns 75,194 shares of the company’s stock valued at $5,048,000 after buying an additional 1,975 shares during the period. Brown Advisory Inc. boosted its position in shares of Deltic Timber Corp. by 4.6% in the second quarter. Brown Advisory Inc. now owns 498,928 shares of the company’s stock valued at $33,493,000 after buying an additional 21,976 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Deltic Timber Corp. by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 336,274 shares of the company’s stock valued at $22,573,000 after buying an additional 5,033 shares during the period. Finally, Teacher Retirement System of Texas boosted its position in shares of Deltic Timber Corp. by 13.2% in the second quarter. Teacher Retirement System of Texas now owns 1,568 shares of the company’s stock valued at $105,000 after buying an additional 183 shares during the period. Institutional investors and hedge funds own 82.05% 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.
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