Trading Report: Today, Deltic Timber Corp. (DEL) Lowered by BMO Capital Markets

Today, Deltic Timber Corp. (DEL) Lowered by BMO Capital Markets

BMO Capital Markets cut shares of Deltic Timber Corp. (NYSE:DEL) from a market perform rating to an underperform rating in a report issued on Monday morning. The brokerage currently has $33.00 target price on the stock.

Several other research analysts also recently commented on the company. Stephens began coverage on Deltic Timber Corp. in a report on Tuesday, November 1st. They set an equal weight rating and a $49.00 price objective on the stock. Oppenheimer Holdings Inc. reiterated an outperform rating and issued a $48.00 price target (down from $49.00) on shares of Deltic Timber Corp. in a report on Friday, October 14th. Barclays PLC reiterated an equal weight rating and issued a $35.00 price target on shares of Deltic Timber Corp. in a report on Thursday, October 13th. Bank of America Corp. upgraded Deltic Timber Corp. from an underperform rating to a neutral rating in a report on Wednesday, October 12th. Finally, BTIG Research reiterated a buy rating and issued a $52.00 price target on shares of Deltic Timber Corp. in a report on Monday, October 10th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $42.44.

Deltic Timber Corp. (NYSE:DEL) opened at 69.00 on Monday. The stock’s 50 day moving average price is $63.01 and its 200-day moving average price is $66.38. The company has a market capitalization of $838.83 million, a P/E ratio of 141.98 and a beta of 0.93. 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 released its quarterly earnings data on Wednesday, October 26th. The company reported $0.12 EPS for the quarter. The company had revenue of $53.50 million for the quarter, compared to the consensus estimate of $50.15 million. Deltic Timber Corp. had a return on equity of 2.44% and a net margin of 2.84%. Equities analysts forecast 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. Shareholders of record on Thursday, December 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.58%. Deltic Timber Corp.’s dividend payout ratio is currently 81.63%.

In other Deltic Timber Corp. 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 completion of the sale, the vice president now owns 16,050 shares of the company’s stock, valued at approximately $1,123,179. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 directly owns 9,112 shares of the company’s stock, valued at approximately $640,118. The disclosure for this sale can be found here. Company insiders own 14.40% of the company’s stock.

A number of hedge funds have recently modified their holdings of DEL. BlackRock Investment Management LLC boosted its position in shares of Deltic Timber Corp. by 7.2% in the second quarter. BlackRock Investment Management LLC now owns 45,657 shares of the company’s stock valued at $3,065,000 after buying an additional 3,064 shares during the period. BlackRock Advisors LLC boosted its position in shares of Deltic Timber Corp. by 2.8% in the second quarter. BlackRock Advisors LLC now owns 5,307 shares of the company’s stock valued at $356,000 after buying an additional 144 shares during the period. Vanguard Group Inc. boosted its position in shares of Deltic Timber Corp. by 1.2% in the second quarter. Vanguard Group Inc. now owns 892,460 shares of the company’s stock valued at $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. Finally, 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. 79.77% of the stock is owned by institutional investors.

Deltic Timber Corp. Company Profile

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