Deltic Timber Corporation (DEL) Lowered to Hold at ValuEngine
ValuEngine downgraded shares of Deltic Timber Corporation (NYSE:DEL) from a buy rating to a hold rating in a report released on Tuesday.
Several other equities research analysts also recently weighed in on DEL. Stephens raised Deltic Timber Corporation from an underweight rating to an equal weight rating and raised their price target for the stock from $49.00 to $60.00 in a report on Monday, July 17th. Morgan Stanley upped 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 report on Thursday, July 6th. BidaskClub downgraded shares of Deltic Timber Corporation from a sell rating to a strong sell rating in a report on Thursday, August 24th. Oppenheimer Holdings, Inc. reaffirmed an outperform rating and issued a $54.00 price objective (up from $53.00) on shares of Deltic Timber Corporation in a research report on Wednesday, June 7th. Finally, BTIG Research reaffirmed a buy rating and issued a $45.00 price objective on shares of Deltic Timber Corporation in a research report on Tuesday, July 4th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Deltic Timber Corporation presently has a consensus rating of Hold and a consensus price target of $49.11.
Deltic Timber Corporation (DEL) traded down 0.93% during midday trading on Tuesday, reaching $89.02. The company had a trading volume of 4,059 shares. The firm has a 50-day moving average of $79.15 and a 200 day moving average of $75.01. The company has a market capitalization of $1.08 billion, a P/E ratio of 129.01 and a beta of 0.89. Deltic Timber Corporation has a 1-year low of $53.21 and a 1-year high of $91.30.
Deltic Timber Corporation (NYSE:DEL) last announced its earnings results on Wednesday, August 2nd. The construction company reported $0.22 earnings per share (EPS) for the quarter. Deltic Timber Corporation had a return on equity of 3.38% and a net margin of 3.82%. The company had revenue of $55.35 million for the quarter. On average, equities research analysts forecast that Deltic Timber Corporation will post $1.50 EPS for the current year.
Large investors have recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Deltic Timber Corporation by 132,559.0% during the first quarter. BlackRock Inc. now owns 1,378,327 shares of the construction company’s stock worth $107,675,000 after purchasing an additional 1,377,288 shares during the period. K2 Principal Fund L.P. boosted its position in Deltic Timber Corporation by 1,379.3% in the second quarter. K2 Principal Fund L.P. now owns 51,436 shares of the construction company’s stock valued at $3,840,000 after buying an additional 47,959 shares during the last quarter. Vanguard Group Inc. boosted its position in Deltic Timber Corporation by 5.2% in the first quarter. Vanguard Group Inc. now owns 974,313 shares of the construction company’s stock valued at $76,113,000 after buying an additional 47,795 shares during the last quarter. Wells Fargo & Company MN boosted its position in Deltic Timber Corporation by 47.2% in the second quarter. Wells Fargo & Company MN now owns 137,228 shares of the construction company’s stock valued at $10,246,000 after buying an additional 44,029 shares during the last quarter. Finally, Gruss Capital Management LP purchased a new stake in Deltic Timber Corporation in the first quarter valued at approximately $1,562,000. Hedge funds and other institutional investors own 80.45% 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.
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