Deltic Timber Corporation (DEL) Receives $47.20 Consensus Price Target from Brokerages

Shares of Deltic Timber Corporation (NYSE:DEL) have been assigned a consensus recommendation of “Hold” from the eleven analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $47.20.

DEL has been the subject of a number of recent research reports. Morgan Stanley reiterated an “equal weight” rating and set a $45.00 price objective on shares of Deltic Timber Corporation in a research report on Monday, March 27th. Bank of America Corporation upgraded Deltic Timber Corporation from a “neutral” rating to a “buy” rating and increased their price objective for the company from $44.00 to $54.00 in a research report on Wednesday, April 26th. Barclays PLC reiterated an “equal weight” rating and set a $43.00 price objective (up previously from $41.00) on shares of Deltic Timber Corporation in a research report on Sunday, May 28th. BTIG Research reiterated a “buy” rating and set a $45.00 price objective on shares of Deltic Timber Corporation in a research report on Wednesday, April 19th. Finally, BMO Capital Markets reiterated an “underperform” rating and set a $30.00 price objective (up previously from $28.00) on shares of Deltic Timber Corporation in a research report on Friday, June 16th.

A number of hedge funds have recently made changes to their positions in DEL. Comerica Bank increased its stake in shares of Deltic Timber Corporation by 5.7% in the fourth quarter. Comerica Bank now owns 11,260 shares of the construction company’s stock valued at $874,000 after buying an additional 612 shares during the period. State Street Corp increased its stake in shares of Deltic Timber Corporation by 10.2% in the fourth quarter. State Street Corp now owns 246,464 shares of the construction company’s stock valued at $18,997,000 after buying an additional 22,911 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Deltic Timber Corporation by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 352,973 shares of the construction company’s stock valued at $27,204,000 after buying an additional 8,339 shares during the period. Two Sigma Investments LP purchased a new stake in shares of Deltic Timber Corporation during the fourth quarter valued at about $379,000. Finally, Thrivent Financial for Lutherans increased its stake in shares of Deltic Timber Corporation by 5.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 5,720 shares of the construction company’s stock valued at $441,000 after buying an additional 290 shares during the period. 80.99% of the stock is currently owned by institutional investors.

Deltic Timber Corporation (NYSE:DEL) traded down 0.62% during trading on Monday, reaching $73.67. The company’s stock had a trading volume of 16,117 shares. The firm has a 50-day moving average price of $72.33 and a 200-day moving average price of $75.08. Deltic Timber Corporation has a 52 week low of $53.21 and a 52 week high of $85.49. The firm has a market capitalization of $897.60 million, a P/E ratio of 90.17 and a beta of 0.90.

Deltic Timber Corporation (NYSE:DEL) last announced its quarterly earnings data on Wednesday, May 3rd. The construction company reported $0.09 EPS for the quarter. Deltic Timber Corporation had a return on equity of 4.02% and a net margin of 4.47%. The company had revenue of $53.22 million during the quarter. On average, equities analysts anticipate that Deltic Timber Corporation will post $1.50 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Tuesday, September 5th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.54%. The ex-dividend date is Thursday, August 31st. Deltic Timber Corporation’s dividend payout ratio (DPR) is currently 48.78%.

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About Deltic Timber Corporation

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.

Analyst Recommendations for Deltic Timber Corporation (NYSE:DEL)

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