Deltic Timber Corporation (NYSE:DEL) has been assigned a consensus rating of “Hold” from the eleven analysts that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $49.11.
Several research analysts have issued reports on the company. BTIG Research reiterated a “buy” rating and set a $57.00 price objective (up from $52.00) on shares of Deltic Timber Corporation in a research note on Wednesday, July 26th. Stephens upgraded Deltic Timber Corporation from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $49.00 to $60.00 in a research note on Monday, July 17th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $54.00 target price (up from $53.00) on shares of Deltic Timber Corporation in a research note on Wednesday, June 7th. Morgan Stanley raised their target price on Deltic Timber Corporation from $47.00 to $48.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 6th. Finally, Barclays PLC restated an “equal weight” rating and issued a $43.00 target price (up from $41.00) on shares of Deltic Timber Corporation in a research note on Sunday, May 28th.
Hedge funds have recently made changes to their positions in the stock. State of Tennessee Treasury Department increased its position in Deltic Timber Corporation by 13.0% in the first quarter. State of Tennessee Treasury Department now owns 9,950 shares of the construction company’s stock worth $777,000 after purchasing an additional 1,142 shares during the period. Bank of America Corp DE increased its position in Deltic Timber Corporation by 31.9% in the first quarter. Bank of America Corp DE now owns 32,239 shares of the construction company’s stock worth $2,518,000 after purchasing an additional 7,801 shares during the period. BlackRock Inc. increased its position in Deltic Timber Corporation by 132,559.0% in the first quarter. BlackRock Inc. now owns 1,378,327 shares of the construction company’s stock worth $107,675,000 after purchasing an additional 1,377,288 shares during the period. Teachers Advisors LLC increased its position in Deltic Timber Corporation by 5.9% in the fourth quarter. Teachers Advisors LLC now owns 17,643 shares of the construction company’s stock worth $1,360,000 after purchasing an additional 980 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Deltic Timber Corporation by 5.0% in the first quarter. Ameriprise Financial Inc. now owns 55,690 shares of the construction company’s stock worth $4,350,000 after purchasing an additional 2,640 shares during the period. Hedge funds and other institutional investors own 80.81% of the company’s stock.
Deltic Timber Corporation (NYSE DEL) traded up 0.02% during mid-day trading on Tuesday, reaching $80.21. 68,381 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $72.50 and its 200 day moving average price is $74.01. The stock has a market capitalization of $977.44 million, a PE ratio of 116.25 and a beta of 0.88. Deltic Timber Corporation has a 12 month low of $53.21 and a 12 month high of $85.49.
Deltic Timber Corporation (NYSE:DEL) last released its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.22 earnings per share (EPS) for the quarter. Deltic Timber Corporation had a return on equity of 3.38% and a net margin of 3.82%. The firm had revenue of $55.35 million during the quarter. Equities research analysts predict that Deltic Timber Corporation will post $1.50 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Tuesday, September 5th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.40 dividend on an annualized basis and a yield of 0.50%. Deltic Timber Corporation’s payout ratio is 57.97%.
Deltic Timber Corporation 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.
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