Oppenheimer Holdings Inc. reiterated their outperform rating on shares of Deltic Timber Corp. (NYSE:DEL) in a research report released on Friday. The firm currently has a $48.00 target price on the stock, down from their prior target price of $49.00.
Several other analysts have also recently commented on DEL. Barclays PLC restated an equal weight rating and set a $37.00 price target on shares of Deltic Timber Corp. in a report on Friday, July 15th. Credit Suisse Group AG reiterated a neutral rating and issued a $42.00 target price on shares of Deltic Timber Corp. in a research note on Tuesday, August 16th. Stifel Nicolaus reiterated a hold rating and issued a $41.00 target price (up from $40.00) on shares of Deltic Timber Corp. in a research note on Saturday, October 8th. BTIG Research reiterated a buy rating and issued a $52.00 target price on shares of Deltic Timber Corp. in a research note on Monday, October 10th. Finally, BMO Capital Markets reiterated a market perform rating and issued a $37.00 target price on shares of Deltic Timber Corp. in a research note on Wednesday, October 12th. Eleven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of $42.27.
Deltic Timber Corp. (NYSE:DEL) opened at 62.13 on Friday. The firm’s 50-day moving average is $68.29 and its 200-day moving average is $66.34. Deltic Timber Corp. has a 1-year low of $50.84 and a 1-year high of $72.74. The company has a market capitalization of $754.82 million, a P/E ratio of 170.69 and a beta of 0.92.
Deltic Timber Corp. (NYSE:DEL) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.35 EPS for the quarter. The business earned $56.70 million during the quarter, compared to analysts’ expectations of $45.70 million. Deltic Timber Corp. had a net margin of 2.18% and a return on equity of 1.82%. Equities research analysts predict that Deltic Timber Corp. will post $1.50 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st 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 0.64%. The ex-dividend date of this dividend is Tuesday, November 29th. Deltic Timber Corp.’s payout ratio is 108.11%.
In related news, Director J Thurston Roach sold 1,000 shares of Deltic Timber Corp. stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $70.25, for a total value of $70,250.00. Following the transaction, the director now directly owns 9,112 shares of the company’s stock, valued at $640,118. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Byrom Walker sold 1,199 shares of Deltic Timber Corp. stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $70.59, for a total value of $84,637.41. Following the completion of the transaction, the insider now directly owns 3,294 shares in the company, valued at $232,523.46. The disclosure for this sale can be found here. Insiders own 14.40% of the company’s stock.
Several institutional investors have recently bought and sold shares of DEL. Vanguard Group Inc. raised its position 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 in the last quarter. Principal Financial Group Inc. raised its position in Deltic Timber Corp. by 2.7% in the second quarter. Principal Financial Group Inc. now owns 75,194 shares of the company’s stock worth $5,048,000 after buying an additional 1,975 shares in the last quarter. Brown Advisory Inc. raised its position in Deltic Timber Corp. by 4.6% in the second quarter. Brown Advisory Inc. now owns 498,928 shares of the company’s stock worth $33,493,000 after buying an additional 21,976 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Deltic Timber Corp. by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 336,274 shares of the company’s stock worth $22,573,000 after buying an additional 5,033 shares in the last quarter. Finally, Teacher Retirement System of Texas raised 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 in the last quarter. 82.03% of the stock is currently owned by institutional investors.
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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