Deltic Timber Corporation (NYSE:DEL)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $94.32 and last traded at $93.97, with a volume of 404,781 shares changing hands. The stock had previously closed at $89.12.
A number of brokerages recently commented on DEL. ValuEngine cut Deltic Timber Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. TheStreet upgraded Deltic Timber Corporation from a “c+” rating to a “b-” rating in a report on Thursday, September 28th. BidaskClub cut Deltic Timber Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. BTIG Research restated a “buy” rating and set a $57.00 target price (up from $52.00) on shares of Deltic Timber Corporation in a report on Wednesday, July 26th. Finally, Stephens upgraded Deltic Timber Corporation from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $49.00 to $60.00 in a report on Monday, July 17th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $50.13.
The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 133.19 and a beta of 0.88. The stock’s 50-day moving average is $86.87 and its 200 day moving average is $76.59.
Deltic Timber Corporation (NYSE:DEL) last issued its quarterly earnings results on Monday, October 23rd. The construction company reported $0.20 EPS for the quarter. The firm had revenue of $61.66 million during the quarter. Deltic Timber Corporation had a return on equity of 3.38% and a net margin of 3.82%. On average, equities analysts expect that Deltic Timber Corporation will post $1.50 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Monday, December 4th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Friday, December 1st. Deltic Timber Corporation’s dividend payout ratio is currently 57.97%.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Pinebridge Investments L.P. boosted its holdings in Deltic Timber Corporation by 1.2% in the second quarter. Pinebridge Investments L.P. now owns 1,397 shares of the construction company’s stock valued at $104,000 after purchasing an additional 17 shares during the last quarter. Texas Permanent School Fund lifted its holdings in Deltic Timber Corporation by 1.1% during the 2nd quarter. Texas Permanent School Fund now owns 7,739 shares of the construction company’s stock worth $578,000 after buying an additional 81 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in Deltic Timber Corporation by 4.2% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 2,500 shares of the construction company’s stock worth $187,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System lifted its holdings in Deltic Timber Corporation by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 5,572 shares of the construction company’s stock worth $416,000 after buying an additional 100 shares during the last quarter. Finally, Mason Street Advisors LLC lifted its holdings in Deltic Timber Corporation by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 2,473 shares of the construction company’s stock worth $193,000 after buying an additional 161 shares during the last quarter. 80.45% of the stock is owned by hedge funds and other institutional investors.
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Deltic Timber Corporation Company Profile
Deltic Timber Corporation is a vertically integrated natural resources company. The Company is engaged in the growing and harvesting of timber and the manufacturing and marketing of lumber and medium density fiberboard (MDF). It operates through four segments: Woodlands, which manages all aspects of the Company’s timberlands; Manufacturing, which consists of its approximately two sawmills that manufacture a range of softwood lumber products and the Del-Tin Fiber plant that produces MDF; Real Estate, which includes the Company’s four real estate developments and a related country club operation, and Corporate.
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