DEL has been the subject of several other research reports. Credit Suisse Group AG reaffirmed a neutral rating and issued a $42.00 price objective on shares of Deltic Timber Corp. in a report on Tuesday, August 16th. BTIG Research reissued a buy rating and set a $52.00 price target on shares of Deltic Timber Corp. in a report on Monday, October 10th. Stifel Nicolaus reissued a hold rating and set a $41.00 price target (up previously from $40.00) on shares of Deltic Timber Corp. in a report on Saturday, October 8th. Bank of America Corp. raised Deltic Timber Corp. from an underperform rating to a neutral rating in a report on Wednesday, October 12th. Finally, BMO Capital Markets reissued a market perform rating and set a $37.00 price target on shares of Deltic Timber Corp. in a report on Wednesday, October 12th. Eleven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $42.27.
Shares of Deltic Timber Corp. (NYSE:DEL) opened at 62.13 on Thursday. The company’s 50-day moving average price is $68.29 and its 200 day moving average price is $66.34. The company has a market cap of $754.82 million, a P/E ratio of 170.69 and a beta of 0.92. Deltic Timber Corp. has a one year low of $50.84 and a one year high of $72.74.
Deltic Timber Corp. (NYSE:DEL) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.35 EPS for the quarter. Deltic Timber Corp. had a return on equity of 1.82% and a net margin of 2.18%. The company earned $56.70 million during the quarter, compared to analyst estimates of $45.70 million. On average, equities research analysts anticipate that Deltic Timber Corp. will post $1.50 earnings per share for the current year.
The firm 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 0.64%. The ex-dividend date of this dividend is Tuesday, November 29th. Deltic Timber Corp.’s dividend payout ratio (DPR) is presently 108.11%.
In other news, VP Kent L. Streeter sold 7,516 shares of the firm’s 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 directly owns 16,050 shares in the company, valued at approximately $1,123,179. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director J Thurston Roach sold 1,000 shares of the firm’s stock in a transaction dated Friday, September 16th. The shares were 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 $640,118. The disclosure for this sale can be found here. Insiders own 14.40% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Teacher Retirement System of Texas boosted its stake 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 acquired a new stake in Deltic Timber Corp. during the second quarter worth approximately $140,000. Kernodle & Katon Asset Management Group LLC acquired a new stake in Deltic Timber Corp. during the second quarter worth approximately $157,000. BNP Paribas Arbitrage SA boosted its stake 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. boosted its stake 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. Hedge funds and other institutional investors own 82.03% of the company’s stock.
Deltic Timber Corp. 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 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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