Goldman Sachs Group Inc. increased its position in Deltic Timber Corporation (NYSE:DEL) by 57.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,426 shares of the construction company’s stock after acquiring an additional 8,187 shares during the quarter. Goldman Sachs Group Inc. owned about 0.18% of Deltic Timber Corporation worth $1,674,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Pinebridge Investments L.P. increased its holdings in Deltic Timber Corporation by 1.2% in the 2nd quarter. Pinebridge Investments L.P. now owns 1,397 shares of the construction company’s stock worth $104,000 after acquiring an additional 17 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in Deltic Timber Corporation during the 1st quarter valued at approximately $148,000. State of Alaska Department of Revenue grew its holdings in Deltic Timber Corporation by 78.6% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,090 shares of the construction company’s stock valued at $156,000 after buying an additional 920 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in Deltic Timber Corporation by 4.2% during the 2nd 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. Finally, BNP Paribas Arbitrage SA grew its holdings in Deltic Timber Corporation by 54.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,363 shares of the construction company’s stock valued at $251,000 after buying an additional 1,189 shares in the last quarter. 80.45% of the stock is owned by institutional investors.
DEL has been the subject of a number of research analyst reports. Morgan Stanley increased 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. Stephens raised shares of Deltic Timber Corporation from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $49.00 to $60.00 in a report on Monday, July 17th. BTIG Research reaffirmed a “buy” rating and set a $57.00 price objective (up from $52.00) on shares of Deltic Timber Corporation in a report on Wednesday, July 26th. BidaskClub lowered shares of Deltic Timber Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Finally, TheStreet lowered shares of Deltic Timber Corporation from a “b-” rating to a “c+” rating in a report on Monday, August 21st. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Deltic Timber Corporation has a consensus rating of “Hold” and a consensus price target of $50.13.
Deltic Timber Corporation (NYSE:DEL) last posted its quarterly earnings data on Monday, October 23rd. The construction company reported $0.20 EPS for the quarter. The business had revenue of $61.66 million during the quarter. Deltic Timber Corporation had a return on equity of 3.74% and a net margin of 4.13%.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Monday, December 4th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Friday, December 1st. Deltic Timber Corporation’s dividend payout ratio (DPR) is presently 51.95%.
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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