The BTIG Research Reaffirms “Buy” Rating for Deltic Timber Corp. (DEL)

The BTIG Research Reaffirms “Buy” Rating for Deltic Timber Corp. (DEL)

BTIG Research reiterated their buy rating on shares of Deltic Timber Corp. (NYSE:DEL) in a report issued on Monday morning. The brokerage currently has a $52.00 target price on the stock.

A number of other brokerages also recently issued reports on DEL. Credit Suisse Group AG reissued a neutral rating and issued a $42.00 price objective on shares of Deltic Timber Corp. in a research note on Tuesday, August 16th. Barclays PLC reissued an equal weight rating and issued a $35.00 price objective (down from $37.00) on shares of Deltic Timber Corp. in a research note on Sunday, July 31st. Finally, Stifel Nicolaus reissued 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $42.40.

Deltic Timber Corp. (NYSE:DEL) opened at 65.59 on Monday. The company’s 50-day moving average price is $69.16 and its 200 day moving average price is $66.24. The firm has a market capitalization of $796.85 million, a PE ratio of 180.19 and a beta of 0.92. Deltic Timber Corp. has a 12 month low of $50.84 and a 12 month high of $72.74.

Deltic Timber Corp. (NYSE:DEL) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.35 earnings per share (EPS) for the quarter. The company had revenue of $56.70 million for the quarter, compared to the consensus estimate of $45.70 million. Deltic Timber Corp. had a return on equity of 1.82% and a net margin of 2.18%. On average, equities research analysts predict 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 issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend is Tuesday, November 29th. Deltic Timber Corp.’s dividend payout ratio is presently 108.11%.

In other news, Director J Thurston Roach sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $70.00, for a total value of $70,000.00. Following the completion of the transaction, the director now directly owns 10,112 shares of the company’s stock, valued at $707,840. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Byrom Walker sold 1,199 shares of the company’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were 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 of the company’s stock, valued at $232,523.46. The disclosure for this sale can be found here. 14.40% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Nationwide Fund Advisors raised its position in Deltic Timber Corp. by 1.2% in the second quarter. Nationwide Fund Advisors now owns 7,142 shares of the company’s stock valued at $479,000 after buying an additional 87 shares in the last quarter. Arizona State Retirement System raised its position in Deltic Timber Corp. by 1.8% in the second quarter. Arizona State Retirement System now owns 5,572 shares of the company’s stock valued at $374,000 after buying an additional 100 shares in the last quarter. BlackRock Advisors LLC raised its position in 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 in the last quarter. 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 valued at $105,000 after buying an additional 183 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its position in Deltic Timber Corp. by 5.9% in the second quarter. Thrivent Financial for Lutherans now owns 5,170 shares of the company’s stock valued at $347,000 after buying an additional 290 shares in the last quarter. 82.05% of the stock is owned by institutional investors.

Deltic Timber Corp. Company Profile

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