Deltic Timber Corp (DEL) Given Consensus Recommendation of “Hold” by Brokerages
Deltic Timber Corp (NYSE:DEL) has been assigned a consensus rating of “Hold” from the eleven brokerages that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $50.13.
A number of brokerages have commented on DEL. ValuEngine downgraded shares of Deltic Timber from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. TheStreet raised shares of Deltic Timber from a “c+” rating to a “b-” rating in a research note on Thursday, September 28th. Finally, BidaskClub downgraded shares of Deltic Timber from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th.
Shares of Deltic Timber (DEL) traded down $1.00 during mid-day trading on Thursday, reaching $90.15. 594,600 shares of the company’s stock were exchanged, compared to its average volume of 80,132. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.94. Deltic Timber has a one year low of $65.65 and a one year high of $96.65. The stock has a market capitalization of $1,111.04, a P/E ratio of 118.38 and a beta of 0.93.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Monday, December 4th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend is Friday, December 1st. Deltic Timber’s dividend payout ratio (DPR) is 51.95%.
Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of Deltic Timber by 0.4% in the 2nd quarter. BlackRock Inc. now owns 1,384,282 shares of the construction company’s stock valued at $103,351,000 after acquiring an additional 5,955 shares during the period. Vanguard Group Inc. grew its holdings in shares of Deltic Timber by 3.5% in the second quarter. Vanguard Group Inc. now owns 1,008,220 shares of the construction company’s stock valued at $75,274,000 after purchasing an additional 33,907 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Deltic Timber by 2.4% in the third quarter. Dimensional Fund Advisors LP now owns 369,675 shares of the construction company’s stock valued at $32,690,000 after purchasing an additional 8,743 shares in the last quarter. NWQ Investment Management Company LLC grew its holdings in shares of Deltic Timber by 1.1% in the third quarter. NWQ Investment Management Company LLC now owns 338,792 shares of the construction company’s stock valued at $29,959,000 after purchasing an additional 3,820 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Deltic Timber by 3.5% in the second quarter. State Street Corp now owns 266,258 shares of the construction company’s stock valued at $19,876,000 after purchasing an additional 8,910 shares in the last quarter. 85.55% of the stock is currently owned by institutional investors and hedge funds.
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Deltic Timber 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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