Schwab Charles Investment Management Inc. raised its position in Deltic Timber Corporation (NYSE:DEL) by 5.5% during the first quarter, Holdings Channel reports. The fund owned 42,533 shares of the construction company’s stock after buying an additional 2,217 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Deltic Timber Corporation were worth $3,323,000 as of its most recent SEC filing.
A number of other hedge funds have also 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. 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. Gruss Capital Management LP acquired a new stake in shares of Deltic Timber Corporation during the first quarter worth $1,562,000. Bank of New York Mellon Corp boosted its stake in shares of Deltic Timber Corporation by 16.4% in the first quarter. Bank of New York Mellon Corp now owns 139,821 shares of the construction company’s stock worth $10,923,000 after buying an additional 19,748 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. acquired a new stake in shares of Deltic Timber Corporation during the first quarter worth $618,000. Hedge funds and other institutional investors own 80.58% of the company’s stock.
Deltic Timber Corporation (NYSE:DEL) traded down 1.18% during trading on Friday, reaching $66.95. 15,885 shares of the company were exchanged. The firm has a 50-day moving average of $72.28 and a 200-day moving average of $74.21. Deltic Timber Corporation has a 52-week low of $53.21 and a 52-week high of $85.49. The firm has a market cap of $815.85 million, a price-to-earnings ratio of 97.03 and a beta of 0.89.
Deltic Timber Corporation (NYSE:DEL) last issued its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.22 earnings per share (EPS) for the quarter. The firm had revenue of $55.35 million during the quarter. Deltic Timber Corporation had a net margin of 3.82% and a return on equity of 3.38%. On average, equities analysts forecast that Deltic Timber Corporation will post $1.50 EPS for the current year.
The company 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 0.59%. The ex-dividend date of this dividend is Thursday, August 31st. Deltic Timber Corporation’s dividend payout ratio is currently 57.97%.
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A number of analysts recently weighed in on DEL shares. Bank of America Corporation upgraded shares of Deltic Timber Corporation from a “neutral” rating to a “buy” rating and raised their target price for the stock from $44.00 to $54.00 in a report on Wednesday, April 26th. Barclays PLC restated an “equal weight” rating and set a $43.00 target price (up from $41.00) on shares of Deltic Timber Corporation in a report on Sunday, May 28th. Stephens upgraded shares of Deltic Timber Corporation from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $49.00 to $60.00 in a report on Monday, July 17th. BTIG Research raised their target price on shares of Deltic Timber Corporation from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, April 26th. Finally, Morgan Stanley raised their target price on shares of Deltic Timber Corporation from $48.00 to $49.00 and gave the stock an “equal weight” rating in a report on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Deltic Timber Corporation presently has an average rating of “Hold” and a consensus price target of $49.11.
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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