Deltic Timber (DEL) Rating Lowered to C+ at TheStreet
A number of other research firms have also recently commented on DEL. ValuEngine raised Deltic Timber from a hold rating to a buy rating in a report on Tuesday, September 26th. BidaskClub cut Deltic Timber from a sell rating to a strong sell rating in a report on Thursday, August 24th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. Deltic Timber currently has an average rating of Hold and a consensus target price of $50.13.
Deltic Timber (DEL) traded up $0.11 during trading hours on Friday, hitting $90.94. The stock had a trading volume of 190,000 shares, compared to its average volume of 82,898. The company has a market cap of $1,107.14, a P/E ratio of 117.96 and a beta of 0.93. The company has a current ratio of 1.72, a quick ratio of 1.18 and a debt-to-equity ratio of 0.94. Deltic Timber has a 1 year low of $65.65 and a 1 year high of $96.65.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 18th. Stockholders of record on Monday, December 4th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, December 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.44%. Deltic Timber’s dividend payout ratio (DPR) is currently 51.95%.
Several institutional investors have recently bought and sold shares of the company. Pinebridge Investments L.P. raised its holdings in shares of Deltic Timber by 1.2% during the 2nd quarter. Pinebridge Investments L.P. now owns 1,397 shares of the construction company’s stock worth $104,000 after buying an additional 17 shares in the last quarter. Texas Permanent School Fund raised its holdings in shares of Deltic Timber 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 in the last quarter. Arizona State Retirement System raised its holdings in shares of Deltic Timber 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 in the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in Deltic Timber by 4.2% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 2,500 shares of the construction company’s stock worth $187,000 after purchasing an additional 100 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Deltic Timber by 0.3% in the 2nd quarter. Principal Financial Group Inc. now owns 80,625 shares of the construction company’s stock worth $6,019,000 after purchasing an additional 236 shares in the last quarter. 85.55% of the stock is owned by institutional investors.
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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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