Stifel Nicolaus reiterated their hold rating on shares of Deltic Timber Corp. (NYSE:DEL) in a research report report published on Saturday morning. Stifel Nicolaus currently has a $41.00 target price on the stock, up from their prior target price of $40.00.
A number of other equities research analysts have also recently weighed in on DEL. Barclays PLC reissued an equal weight rating and issued a $37.00 price target on shares of Deltic Timber Corp. in a research report on Friday, July 15th. Credit Suisse Group AG reissued a neutral rating and issued a $42.00 price target on shares of Deltic Timber Corp. in a research report on Tuesday, August 16th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. Deltic Timber Corp. currently has an average rating of Hold and an average target price of $41.21.
Shares of Deltic Timber Corp. (NYSE:DEL) opened at 65.43 on Friday. The firm has a market capitalization of $794.91 million, a PE ratio of 179.75 and a beta of 0.92. The stock’s 50 day moving average price is $69.51 and its 200-day moving average price is $66.11. Deltic Timber Corp. has a 52-week low of $50.84 and a 52-week high of $72.74.
Deltic Timber Corp. (NYSE:DEL) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.35 earnings per share for the quarter. Deltic Timber Corp. had a net margin of 2.18% and a return on equity of 1.82%. The firm earned $56.70 million during the quarter, compared to analysts’ expectations of $45.70 million. Equities research analysts anticipate that Deltic Timber Corp. will post $1.50 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.61%. Deltic Timber Corp.’s dividend payout ratio (DPR) is 108.11%.
In related news, Director Robert Madison Murphy bought 4,389 shares of the stock in a transaction on Tuesday, August 9th. The shares were bought at an average cost of $45.34 per share, for a total transaction of $198,997.26. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ray C. Dillon sold 11,119 shares of the company’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $70.00, for a total transaction of $778,330.00. Following the transaction, the insider now owns 99,208 shares in the company, valued at $6,944,560. The disclosure for this sale can be found here. Insiders own 14.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of 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 during the last quarter. Mason Street Advisors LLC bought a new position in shares of Deltic Timber Corp. during the second quarter valued at $140,000. Kernodle & Katon Asset Management Group LLC bought a new position in shares of Deltic Timber Corp. during the second quarter valued at $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 during 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 during the last quarter. Institutional investors own 82.05% of the company’s stock.
Deltic Timber Corp. Company Profile