Alliancebernstein L.P. reduced its stake in shares of Deltic Timber Corporation (NYSE:DEL) by 0.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,787 shares of the construction company’s stock after selling 59 shares during the period. Alliancebernstein L.P. owned 0.16% of Deltic Timber Corporation worth $1,546,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the stock. Comerica Bank increased its position in Deltic Timber Corporation by 5.7% in the fourth quarter. Comerica Bank now owns 11,260 shares of the construction company’s stock worth $874,000 after buying an additional 612 shares during the period. State of Tennessee Treasury Department increased its position in Deltic Timber Corporation by 13.0% in the first quarter. State of Tennessee Treasury Department now owns 9,950 shares of the construction company’s stock worth $777,000 after buying an additional 1,142 shares during the period. Norges Bank purchased a new position in Deltic Timber Corporation during the fourth quarter worth approximately $24,440,000. Two Sigma Investments LP purchased a new position in Deltic Timber Corporation during the fourth quarter worth approximately $379,000. Finally, Horrell Capital Management Inc. increased its position in shares of Deltic Timber Corporation by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the construction company’s stock worth $2,130,000 after buying an additional 100 shares during the last quarter. Institutional investors own 80.58% of the company’s stock.
Deltic Timber Corporation (NYSE:DEL) traded down 1.25% during trading on Friday, reaching $66.90. 45,730 shares of the company’s stock traded hands. The company has a market cap of $815.24 million, a P/E ratio of 96.96 and a beta of 0.89. Deltic Timber Corporation has a 12 month low of $53.21 and a 12 month high of $85.49. The firm’s 50 day moving average is $72.11 and its 200 day moving average is $74.15.
Deltic Timber Corporation (NYSE:DEL) last posted its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.22 EPS for the quarter. Deltic Timber Corporation had a net margin of 3.82% and a return on equity of 3.38%. The company had revenue of $55.35 million for the quarter. Analysts anticipate that Deltic Timber Corporation will post $1.50 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Tuesday, September 5th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, August 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.60%. Deltic Timber Corporation’s payout ratio is presently 57.97%.
A number of brokerages have commented on DEL. Bank of America Corporation raised Deltic Timber Corporation from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $44.00 to $54.00 in a report on Wednesday, April 26th. BTIG Research boosted their target price on Deltic Timber Corporation from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, April 26th. Stephens raised Deltic Timber Corporation from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $49.00 to $60.00 in a report on Monday, July 17th. Morgan Stanley boosted their target price on Deltic Timber Corporation from $48.00 to $49.00 and gave the stock an “equal weight” rating in a report on Thursday, July 6th. Finally, BidaskClub cut Deltic Timber Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $49.11.
About Deltic Timber Corporation
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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