BTIG Research reiterated their buy rating on shares of Deltic Timber Corporation (NYSE:DEL) in a report released on Wednesday morning. BTIG Research currently has a $57.00 price objective on the construction company’s stock, up from their prior price objective of $52.00.

Other equities research analysts have also recently issued research reports about the stock. Bank of America Corporation upgraded shares of Deltic Timber Corporation from a neutral rating to a buy rating and raised their price objective for the company from $44.00 to $54.00 in a research report on Wednesday, April 26th. Stephens upgraded shares of Deltic Timber Corporation from an underweight rating to an equal weight rating and raised their price objective for the company from $49.00 to $60.00 in a research report on Monday, July 17th. Morgan Stanley raised their price objective on shares of Deltic Timber Corporation from $48.00 to $49.00 and gave the company an equal weight rating in a research report on Thursday, July 6th. Barclays PLC restated an equal weight rating and issued a $43.00 price objective (up previously from $41.00) on shares of Deltic Timber Corporation in a research report on Sunday, May 28th. Finally, CIBC raised their price objective on shares of Deltic Timber Corporation from $53.00 to $54.00 and gave the company an outperform rating in a research report on Wednesday, June 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $48.40.

Deltic Timber Corporation (NYSE DEL) opened at 73.27 on Wednesday. The stock has a 50 day moving average of $73.20 and a 200 day moving average of $74.88. Deltic Timber Corporation has a 12-month low of $53.21 and a 12-month high of $85.49. The company has a market capitalization of $892.72 million, a PE ratio of 89.68 and a beta of 0.90.

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

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The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Tuesday, September 5th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Thursday, August 31st. Deltic Timber Corporation’s payout ratio is presently 48.78%.

Several large investors have recently modified their holdings of DEL. Texas Permanent School Fund boosted its stake in shares of Deltic Timber Corporation by 1.1% in the second quarter. Texas Permanent School Fund now owns 7,739 shares of the construction company’s stock valued at $578,000 after buying an additional 81 shares in the last quarter. Horrell Capital Management Inc. boosted its stake in shares of Deltic Timber Corporation by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the construction company’s stock valued at $2,130,000 after buying an additional 100 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of Deltic Timber Corporation by 4.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 2,500 shares of the construction company’s stock valued at $187,000 after buying an additional 100 shares in the last quarter. Mason Street Advisors LLC boosted its stake in shares of Deltic Timber Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 2,473 shares of the construction company’s stock valued at $193,000 after buying an additional 161 shares in the last quarter. Finally, Thrivent Financial For Lutherans boosted its stake in shares of Deltic Timber Corporation by 4.2% in the first quarter. Thrivent Financial For Lutherans now owns 5,960 shares of the construction company’s stock valued at $466,000 after buying an additional 240 shares in the last quarter. Institutional investors own 81.00% of the company’s stock.

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.

Analyst Recommendations for Deltic Timber Corporation (NYSE:DEL)

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