Trading Report: The Deltic Timber Corp.’s (DEL) “Market Perform” Rating Reaffirmed at BMO Capital Markets

The Deltic Timber Corp.’s (DEL) “Market Perform” Rating Reaffirmed at BMO Capital Markets

BMO Capital Markets restated their market perform rating on shares of Deltic Timber Corp. (NYSE:DEL) in a research report released on Wednesday morning. The firm currently has a $37.00 price target on the stock.

A number of other research firms have also recently issued reports on DEL. Barclays PLC reiterated an equal weight rating and issued a $37.00 price objective on shares of Deltic Timber Corp. in a report on Friday, July 15th. Stifel Nicolaus reiterated a hold rating and issued a $41.00 price objective (up from $40.00) on shares of Deltic Timber Corp. in a report on Saturday, October 8th. BTIG Research reiterated a buy rating and issued a $52.00 price objective on shares of Deltic Timber Corp. in a report on Monday. Finally, Credit Suisse Group AG reiterated a neutral rating and issued a $42.00 price objective on shares of Deltic Timber Corp. in a report on Tuesday, August 16th. Eleven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Deltic Timber Corp. currently has a consensus rating of Hold and a consensus price target of $42.40.

Shares of Deltic Timber Corp. (NYSE:DEL) traded down 2.32% during midday trading on Wednesday, hitting $64.07. The stock had a trading volume of 7,914 shares. Deltic Timber Corp. has a 52 week low of $50.84 and a 52 week high of $72.74. The company’s 50 day moving average is $69.16 and its 200 day moving average is $66.24. The firm has a market cap of $778.39 million, a P/E ratio of 176.02 and a beta of 0.92.

Deltic Timber Corp. (NYSE:DEL) last posted its earnings results 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 business earned $56.70 million during the quarter, compared to analysts’ expectations of $45.70 million. On average, equities analysts predict that Deltic Timber Corp. will post $1.50 earnings per share for the current fiscal year.

The company 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 $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 currently 108.11%.

In other news, insider Byrom Walker sold 1,199 shares of the 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 owns 3,294 shares of the company’s stock, valued at approximately $232,523.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Madison Murphy bought 4,389 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The stock was purchased at an average cost of $45.34 per share, with a total value of $198,997.26. The disclosure for this purchase can be found here. 14.40% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Teacher Retirement System of Texas raised its position in shares of 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. Mason Street Advisors LLC purchased a new position in shares of Deltic Timber Corp. during the second quarter valued at about $140,000. Kernodle & Katon Asset Management Group LLC purchased a new position in shares of Deltic Timber Corp. during the second quarter valued at about $157,000. BNP Paribas Arbitrage SA raised its position in shares of Deltic Timber Corp. by 121.1% in the second quarter. BNP Paribas Arbitrage SA now owns 3,336 shares of the company’s stock valued at $224,000 after buying an additional 1,827 shares in the last quarter. Finally, Capstone Asset Management Co. raised its position in shares of Deltic Timber Corp. by 14.7% in the second quarter. Capstone Asset Management Co. now owns 4,993 shares of the company’s stock valued at $335,000 after buying an additional 640 shares in the last quarter. 82.05% of the stock is owned by hedge funds and other institutional investors.

Deltic Timber Corp. Company Profile

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