Correction: An earlier version of this article stated that BMO Capital Markets had a rating and a $37.00 price target on Deltic Timber Corp. This was in error, and BMO does not currently cover Deltic Timber Corp.
Several other equities research analysts have also weighed in on DEL. Barclays PLC reiterated an equal weight rating and issued a $37.00 price objective on shares of Deltic Timber Corp. in a research note on Friday, July 15th. Credit Suisse Group AG reiterated a neutral rating and issued a $42.00 price objective on shares of Deltic Timber Corp. in a research note on Tuesday, August 16th. BTIG Research reiterated a buy rating and issued a $52.00 price objective on shares of Deltic Timber Corp. in a research note on Monday, October 10th. Finally, 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 research note on Saturday, October 8th. Eleven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $42.27.
Shares of Deltic Timber Corp. (NYSE:DEL) opened at 62.93 on Wednesday. The company has a market cap of $764.54 million, a P/E ratio of 172.88 and a beta of 0.92. Deltic Timber Corp. has a 1-year low of $50.84 and a 1-year high of $72.74. The stock has a 50 day moving average price of $68.53 and a 200-day moving average price of $66.34.
Deltic Timber Corp. (NYSE:DEL) last released 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 company had revenue of $56.70 million for the quarter, compared to analyst estimates of $45.70 million. Analysts predict that Deltic Timber Corp. will post $1.50 earnings per share for the current fiscal year.
The company also recently disclosed 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. This represents a $0.40 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend is Tuesday, November 29th. Deltic Timber Corp.’s dividend payout ratio is 108.11%.
In other Deltic Timber Corp. news, insider Ray C. Dillon sold 11,119 shares of the company’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $70.00, for a total transaction of $778,330.00. Following the transaction, the insider now owns 99,208 shares of the company’s stock, valued at approximately $6,944,560. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Kent L. Streeter sold 7,516 shares of the company’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $69.98, for a total value of $525,969.68. Following the transaction, the vice president now directly owns 16,050 shares in the company, valued at approximately $1,123,179. The disclosure for this sale can be found here. Company insiders own 14.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Teacher Retirement System of Texas increased its position in 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 worth $105,000 after buying an additional 183 shares during the period. Mason Street Advisors LLC bought a new position in Deltic Timber Corp. during the second quarter worth $140,000. Kernodle & Katon Asset Management Group LLC bought a new position in Deltic Timber Corp. during the second quarter worth $157,000. BNP Paribas Arbitrage SA increased its position in Deltic Timber Corp. by 121.1% in the second quarter. BNP Paribas Arbitrage SA now owns 3,336 shares of the company’s stock worth $224,000 after buying an additional 1,827 shares during the period. Finally, Capstone Asset Management Co. increased its position in Deltic Timber Corp. by 14.7% in the second quarter. Capstone Asset Management Co. now owns 4,993 shares of the company’s stock worth $335,000 after buying an additional 640 shares during the period. 82.03% of the stock is currently owned by hedge funds and other institutional investors.
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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