Deltic Timber Corp (DEL) Given Average Recommendation of “Hold” by Analysts

Deltic Timber Corp (NYSE:DEL) has received a consensus rating of “Hold” from the eleven brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $50.13.

DEL has been the subject of a number of analyst reports. ValuEngine upgraded Deltic Timber from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. TheStreet upgraded Deltic Timber from a “c+” rating to a “b-” rating in a research report on Thursday, September 28th.

In other news, VP David V. Meghreblian sold 16,057 shares of the stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $90.94, for a total transaction of $1,460,223.58. Following the completion of the sale, the vice president now owns 27,424 shares in the company, valued at $2,493,938.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Byrom Walker sold 5,500 shares of the stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $90.94, for a total transaction of $500,170.00. Following the sale, the chief financial officer now owns 10,979 shares of the company’s stock, valued at approximately $998,430.26. The disclosure for this sale can be found here. 12.10% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Pinebridge Investments L.P. lifted its position in Deltic Timber by 1.2% in the second quarter. Pinebridge Investments L.P. now owns 1,397 shares of the construction company’s stock valued at $104,000 after purchasing an additional 17 shares during the period. Victory Capital Management Inc. lifted its position in Deltic Timber by 17.5% in the second quarter. Victory Capital Management Inc. now owns 2,224 shares of the construction company’s stock valued at $166,000 after purchasing an additional 332 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in Deltic Timber in the third quarter valued at about $209,000. Aperio Group LLC acquired a new stake in Deltic Timber in the third quarter valued at about $210,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Deltic Timber during the 3rd quarter valued at approximately $212,000. Hedge funds and other institutional investors own 85.55% of the company’s stock.

Shares of Deltic Timber (NYSE DEL) traded down $0.07 during mid-day trading on Monday, hitting $89.55. The stock had a trading volume of 216,900 shares, compared to its average volume of 134,475. 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 fifty-two week low of $65.65 and a fifty-two week high of $96.65. The firm has a market cap of $1,091.53, a PE ratio of 116.30 and a beta of 0.93.

Deltic Timber (NYSE:DEL) last announced its quarterly earnings results on Monday, October 23rd. The construction company reported $0.20 earnings per share for the quarter. Deltic Timber had a return on equity of 3.74% and a net margin of 4.13%. The firm had revenue of $61.66 million during the quarter. research analysts expect that Deltic Timber will post 0.52 EPS for the current year.

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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.

Analyst Recommendations for Deltic Timber (NYSE:DEL)

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