The Manufacturers Life Insurance Company lifted its position in Deltic Timber Corporation (NYSE:DEL) by 4.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,818 shares of the construction company’s stock after buying an additional 390 shares during the period. The Manufacturers Life Insurance Company owned about 0.07% of Deltic Timber Corporation worth $658,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DEL. BlackRock Inc. boosted its stake in Deltic Timber Corporation by 0.4% in the 2nd quarter. BlackRock Inc. now owns 1,384,282 shares of the construction company’s stock worth $103,351,000 after purchasing an additional 5,955 shares during the period. Vanguard Group Inc. boosted its stake in Deltic Timber Corporation by 3.5% in the 2nd quarter. Vanguard Group Inc. now owns 1,008,220 shares of the construction company’s stock worth $75,274,000 after purchasing an additional 33,907 shares during the period. Dimensional Fund Advisors LP boosted its stake in Deltic Timber Corporation by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 360,932 shares of the construction company’s stock worth $26,947,000 after purchasing an additional 2,000 shares during the period. State Street Corp boosted its stake in Deltic Timber Corporation by 3.5% in the 2nd quarter. State Street Corp now owns 266,258 shares of the construction company’s stock worth $19,876,000 after purchasing an additional 8,910 shares during the period. Finally, Northern Trust Corp boosted its stake in Deltic Timber Corporation by 4.1% in the 2nd quarter. Northern Trust Corp now owns 149,459 shares of the construction company’s stock worth $11,159,000 after purchasing an additional 5,892 shares during the period. Institutional investors and hedge funds own 79.00% of the company’s stock.
Deltic Timber Corporation (NYSE DEL) opened at $94.72 on Monday. Deltic Timber Corporation has a one year low of $65.65 and a one year high of $96.65. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.18 and a current ratio of 1.72. The company has a market cap of $1,154.55, a PE ratio of 123.01 and a beta of 0.94.
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. Deltic Timber Corporation had a net margin of 4.13% and a return on equity of 3.74%. The company had revenue of $61.66 million during the quarter. research analysts anticipate that Deltic Timber Corporation will post 0.52 earnings per share for the current year.
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 paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, December 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.42%. Deltic Timber Corporation’s dividend payout ratio is 51.95%.
DEL has been the subject of a number of research analyst reports. TheStreet lowered shares of Deltic Timber Corporation from a “b-” rating to a “c+” rating in a research note on Monday, August 21st. BTIG Research reaffirmed a “buy” rating and issued a $57.00 target price (up from $52.00) on shares of Deltic Timber Corporation in a research note on Wednesday, July 26th. ValuEngine raised shares of Deltic Timber Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Finally, BidaskClub lowered shares of Deltic Timber Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. Two 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. The stock currently has a consensus rating of “Hold” and an average price target of $50.13.
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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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