PotlatchDeltic Corporation (PCH): Hedge Funds Are Bullish on This Lumber Stock Now [Yahoo! Finance]
PotlatchDeltic Corporation (PCH)
Last potlatchdeltic corporation earnings: 4/27 04:10 pm
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US:NASDAQ Investor Relations:
investors.potlatchcorp.com/investor-relations
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Source: Yahoo! Finance
The lumber market has faced considerable volatility in recent years, driven by a confluence of dynamic and interconnected factors. In 2021, lumber prices surged to unprecedented levels due to the COVID-19 pandemic disrupting supply chains, a surge in home construction boosting demand, and logistical challenges further straining the market. However, this peak was followed by a dramatic price correction as these extraordinary conditions began to stabilize. Currently, lumber prices have plummeted 75% from their May 2021 record high of $1,514 per thousand board feet to just $366, closely matching pre-pandemic levels. The futures market has mirrored this decline, with contract prices for July falling 28% to $466. The following chart by U.S. Bureau of Labor Statistics clearly depicts the change in lumber prices over a five year horizon. The sharp drop in lumber prices reflects a slowdown in both new home construction and renovations, largely due to high home prices and elevated mortgage
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News
- Roku upgraded, Micron downgraded: Wall Street's top analyst calls [Yahoo! Finance]Yahoo! Finance
- PotlatchDeltic Co. (NASDAQ: PCH) was upgraded by analysts at Bank of America Co. from a "neutral" rating to a "buy" rating. They now have a $51.00 price target on the stock.MarketBeat
- PotlatchDeltic Announces Waldo, Arkansas Sawmill Construction Completed [Yahoo! Finance]Yahoo! Finance
- PotlatchDeltic Announces Waldo, Arkansas Sawmill Construction CompletedBusiness Wire
- PotlatchDeltic Board Declares Distribution on Common StockBusiness Wire
PCH
Earnings
- 7/29/24 - In-Line
PCH
Sec Filings
- 9/6/24 - Form 4
- 8/16/24 - Form 8-K
- 8/2/24 - Form 4
- PCH's page on the SEC website