Deltic Timber Corp. (NYSE:DEL)‘s stock had its “outperform” rating reaffirmed by research analysts at Oppenheimer Holdings Inc. in a research note issued to investors on Friday. They presently have a $48.00 price target on the stock, down from their prior price target of $49.00. Oppenheimer Holdings Inc.’s target price suggests a potential downside of 23.72% from the company’s current price.
DEL has been the subject of a number of other research reports. 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. Barclays PLC reiterated an “equal weight” rating and issued a $35.00 price objective on shares of Deltic Timber Corp. in a report on Thursday, October 13th. BTIG Research restated a “buy” rating and set a $52.00 price target on shares of Deltic Timber Corp. in a report on Monday, October 10th. Stifel Nicolaus restated a “hold” rating and set a $41.00 price target (up previously from $40.00) on shares of Deltic Timber Corp. in a report on Saturday, October 8th. Finally, Bank of America Corp. upgraded shares of Deltic Timber Corp. from an “underperform” rating to a “neutral” rating in a report on Wednesday, October 12th. Eleven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Deltic Timber Corp. presently has an average rating of “Hold” and a consensus price target of $42.27.
Shares of Deltic Timber Corp. (NYSE:DEL) opened at 62.93 on Friday. The firm’s 50-day moving average price is $68.53 and its 200-day moving average price is $66.34. The stock has a market cap of $764.54 million, a price-to-earnings ratio of 172.88 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 released its quarterly earnings data on Wednesday, July 27th. The company reported $0.35 EPS for the quarter. The company earned $56.70 million during the quarter, compared to the consensus estimate of $45.70 million. Deltic Timber Corp. had a net margin of 2.18% and a return on equity of 1.82%. On average, analysts forecast that Deltic Timber Corp. will post $1.50 EPS for the current fiscal year.
The firm 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 $0.10 dividend. The ex-dividend date is Tuesday, November 29th. This represents a $0.40 annualized dividend and a yield of 0.64%. Deltic Timber Corp.’s dividend payout ratio is presently 108.11%.
In other news, insider Ray C. Dillon sold 11,119 shares of Deltic Timber Corp. stock in a transaction on Monday, August 1st. The shares were sold at an average price of $70.00, for a total transaction of $778,330.00. Following the completion of the sale, the insider now directly owns 99,208 shares of the company’s stock, valued at approximately $6,944,560. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert Madison Murphy acquired 4,389 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The shares were 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 currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake in Deltic Timber Corp. by 5.7% in the first quarter. Wellington Management Group LLP now owns 1,427,032 shares of the company’s stock valued at $85,837,000 after buying an additional 77,011 shares during the period. Chartwell Investment Partners LLC purchased a new stake in Deltic Timber Corp. during the second quarter valued at about $3,565,000. Brown Advisory Inc. boosted its stake in 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. Baird Financial Group Inc. purchased a new stake in Deltic Timber Corp. during the second quarter valued at about $1,217,000. Finally, Vanguard Group Inc. boosted its stake in 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. 82.03% of the stock is owned by institutional investors and hedge funds.
About Deltic Timber Corp.