PEAK6 Investments L.P. acquired a new position in Deltic Timber Corporation (NYSE:DEL) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,692 shares of the construction company’s stock, valued at approximately $288,000.
Other large investors have also recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Deltic Timber Corporation by 132,559.0% in the first quarter. BlackRock Inc. now owns 1,378,327 shares of the construction company’s stock worth $107,675,000 after buying an additional 1,377,288 shares during the last quarter. Norges Bank purchased a new stake in shares of Deltic Timber Corporation during the fourth quarter worth approximately $24,440,000. Vanguard Group Inc. boosted its stake in shares of Deltic Timber Corporation by 5.2% in the first quarter. Vanguard Group Inc. now owns 974,313 shares of the construction company’s stock worth $76,113,000 after buying an additional 47,795 shares during the last quarter. State Street Corp boosted its stake in shares of Deltic Timber Corporation by 10.2% in the fourth quarter. State Street Corp now owns 246,464 shares of the construction company’s stock worth $18,997,000 after buying an additional 22,911 shares during the last quarter. Finally, Gruss Capital Management LP purchased a new stake in shares of Deltic Timber Corporation during the first quarter worth approximately $1,562,000. 81.14% of the stock is currently owned by institutional investors and hedge funds.
Deltic Timber Corporation (NYSE DEL) traded down 0.04% during midday trading on Friday, reaching $72.50. 47,162 shares of the company were exchanged. Deltic Timber Corporation has a 52-week low of $53.21 and a 52-week high of $85.49. The company has a 50 day moving average of $72.51 and a 200-day moving average of $75.58. The company has a market capitalization of $883.34 million, a price-to-earnings ratio of 88.74 and a beta of 0.95.
Deltic Timber Corporation (NYSE:DEL) last announced its quarterly earnings data on Wednesday, May 3rd. The construction company reported $0.09 earnings per share for the quarter. Deltic Timber Corporation had a return on equity of 4.02% and a net margin of 4.47%. The firm had revenue of $53.22 million for the quarter. On average, equities research analysts anticipate that Deltic Timber Corporation will post $1.50 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Tuesday, September 5th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Thursday, August 31st. Deltic Timber Corporation’s dividend payout ratio is presently 48.78%.
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DEL has been the topic of a number of analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $45.00 price objective on shares of Deltic Timber Corporation in a research note on Monday, March 27th. Bank of America Corporation raised shares of Deltic Timber Corporation from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $44.00 to $54.00 in a research note on Wednesday, April 26th. BTIG Research reaffirmed a “buy” rating and set a $45.00 price objective on shares of Deltic Timber Corporation in a research note on Wednesday, April 19th. TheStreet raised shares of Deltic Timber Corporation from a “c” rating to a “b-” rating in a research note on Monday, February 27th. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $43.00 price objective (up previously from $41.00) on shares of Deltic Timber Corporation in a research note on Sunday, May 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. Deltic Timber Corporation has a consensus rating of “Hold” and a consensus target price of $46.70.
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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