Trade Report: Today: Deltic Timber Corp. (DEL) Rating Reiterated by Barclays PLC

Today: Deltic Timber Corp. (DEL) Rating Reiterated by Barclays PLC

Deltic Timber Corp. (NYSE:DEL)‘s stock had its “equal weight” rating reiterated by equities research analysts at Barclays PLC in a report released on Thursday. They currently have a $35.00 price objective on the stock. Barclays PLC’s price target would suggest a potential downside of 44.99% from the company’s current price.

DEL has been the subject of a number of other reports. Bank of America Corp. raised Deltic Timber Corp. from an “underperform” rating to a “neutral” rating in a report on Wednesday, October 12th. BTIG Research reissued a “buy” rating and set a $52.00 price objective on shares of Deltic Timber Corp. in a research note on Monday, October 10th. Stifel Nicolaus reissued a “hold” rating and set a $41.00 price objective (up previously from $40.00) on shares of Deltic Timber Corp. in a research note on Saturday, October 8th. BMO Capital Markets reissued a “market perform” rating and set a $37.00 price objective on shares of Deltic Timber Corp. in a research note on Wednesday, October 12th. Finally, Credit Suisse Group AG reissued a “neutral” rating and set a $42.00 price objective on shares of Deltic Timber Corp. in a research note on Tuesday, August 16th. Eleven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $42.27.

Shares of Deltic Timber Corp. (NYSE:DEL) opened at 63.62 on Thursday. The company has a 50 day moving average price of $68.74 and a 200 day moving average price of $66.26. Deltic Timber Corp. has a 52 week low of $50.84 and a 52 week high of $72.74. The company has a market cap of $772.92 million, a PE ratio of 174.78 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. Deltic Timber Corp. had a return on equity of 1.82% and a net margin of 2.18%. The firm earned $56.70 million during the quarter, compared to analyst estimates of $45.70 million. On average, equities analysts expect that Deltic Timber Corp. will post $1.50 earnings per share for the current year.

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.63%. Deltic Timber Corp.’s dividend payout ratio is currently 108.11%.

In other news, insider Ray C. Dillon sold 11,119 shares of Deltic Timber Corp. stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $70.00, for a total value of $778,330.00. Following the transaction, the insider now owns 99,208 shares in the company, valued at $6,944,560. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 value of $525,969.68. Following the completion of the transaction, the vice president now owns 16,050 shares in the company, valued at approximately $1,123,179. The disclosure for this sale can be found here. 14.40% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DEL. Teacher Retirement System of Texas increased 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. Mason Street Advisors LLC acquired a new position in shares of Deltic Timber Corp. during the second quarter worth about $140,000. Kernodle & Katon Asset Management Group LLC acquired a new position in shares of Deltic Timber Corp. during the second quarter worth about $157,000. BNP Paribas Arbitrage SA increased 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 worth $224,000 after buying an additional 1,827 shares in the last quarter. Finally, Capstone Asset Management Co. increased 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 worth $335,000 after buying an additional 640 shares in the last quarter. Hedge funds and other institutional investors own 82.05% of the company’s stock.

About Deltic Timber Corp.

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