Public Sector Pension investment Board Decreases Position in Deltic Timber Corporation (DEL)

Public Sector Pension investment Board lessened its position in shares of Deltic Timber Corporation (NYSE:DEL) by 28.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,531 shares of the construction company’s stock after selling 2,200 shares during the period. Public Sector Pension investment Board’s holdings in Deltic Timber Corporation were worth $413,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Pinebridge Investments L.P. lifted its position in shares of Deltic Timber Corporation by 1.2% during the 2nd quarter. Pinebridge Investments L.P. now owns 1,397 shares of the construction company’s stock worth $104,000 after buying an additional 17 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Deltic Timber Corporation during the 1st quarter worth approximately $148,000. State of Alaska Department of Revenue lifted its position in shares of 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 worth $156,000 after buying an additional 920 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Deltic Timber Corporation by 12.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,174 shares of the construction company’s stock worth $170,000 after buying an additional 245 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its position in shares of 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 worth $187,000 after buying an additional 100 shares during the last quarter. Institutional investors own 80.45% of the company’s stock.

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DEL has been the subject of several recent analyst reports. TheStreet downgraded shares of Deltic Timber Corporation from a “b-” rating to a “c+” rating in a research report on Monday, August 21st. ValuEngine downgraded shares of Deltic Timber Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. BidaskClub downgraded shares of Deltic Timber Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Morgan Stanley upped their price target on shares of Deltic Timber Corporation from $48.00 to $49.00 and gave the company an “equal weight” rating in a research report on Thursday, July 6th. Finally, BTIG Research reiterated a “buy” rating and issued a $45.00 price target on shares of Deltic Timber Corporation in a research report on Tuesday, July 4th. Two equities research 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. The stock currently has a consensus rating of “Hold” and an average target price of $50.13.

Deltic Timber Corporation (NYSE DEL) opened at 89.12 on Friday. Deltic Timber Corporation has a 52 week low of $53.21 and a 52 week high of $92.67. The firm has a 50-day moving average of $86.32 and a 200 day moving average of $76.34. The firm has a market capitalization of $1.09 billion, a PE ratio of 129.16 and a beta of 0.89.

Deltic Timber Corporation (NYSE:DEL) last announced its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.22 earnings per share (EPS) for the quarter. Deltic Timber Corporation had a return on equity of 3.38% and a net margin of 3.82%. The company had revenue of $55.35 million during the quarter. Analysts predict that Deltic Timber Corporation will post $1.50 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Monday, December 4th will be issued a $0.10 dividend. The ex-dividend date is Friday, December 1st. This represents a $0.40 annualized dividend and a dividend yield of 0.45%. Deltic Timber Corporation’s dividend payout ratio (DPR) is currently 57.97%.

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.

Institutional Ownership by Quarter for Deltic Timber Corporation (NYSE:DEL)

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