Horrell Capital Management Inc. held its position in shares of Deltic Timber Corp. (NYSE:DEL) during the second quarter, Holdings Channel reports. The institutional investor owned 27,000 shares of the company’s stock at the end of the second quarter. Horrell Capital Management Inc. owned 0.22% of Deltic Timber Corp. worth $1,624,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in DEL. BNP Paribas Arbitrage SA raised its position in shares of Deltic Timber Corp. by 121.1% in the second quarter. BNP Paribas Arbitrage SA now owns 3,336 shares of the company’s stock valued at $224,000 after buying an additional 1,827 shares during the period. Arizona State Retirement System raised its position in shares of Deltic Timber Corp. by 1.9% in the first quarter. Arizona State Retirement System now owns 5,472 shares of the company’s stock valued at $329,000 after buying an additional 100 shares during the period. Capstone Asset Management Co. raised its position in shares of Deltic Timber Corp. by 14.7% in the second quarter. Capstone Asset Management Co. now owns 4,993 shares of the company’s stock valued at $335,000 after buying an additional 640 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Deltic Timber Corp. by 26.6% in the first quarter. Goldman Sachs Group Inc. now owns 14,198 shares of the company’s stock valued at $854,000 after buying an additional 2,981 shares during the period. Finally, Prudential Financial Inc. raised its position in shares of Deltic Timber Corp. by 8.5% in the first quarter. Prudential Financial Inc. now owns 27,933 shares of the company’s stock valued at $1,680,000 after buying an additional 2,200 shares during the period. 82.05% of the stock is owned by institutional investors.
Deltic Timber Corp. (NYSE:DEL) traded down 0.24% during mid-day trading on Friday, reaching $69.89. 33,021 shares of the company’s stock were exchanged. Deltic Timber Corp. has a 52 week low of $50.84 and a 52 week high of $72.74. The company has a market capitalization of $849.09 million, a P/E ratio of 192.01 and a beta of 0.80. The company’s 50 day moving average price is $70.36 and its 200-day moving average price is $65.37.
Deltic Timber Corp. (NYSE:DEL) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.35 EPS for the quarter. Deltic Timber Corp. had a net margin of 2.18% and a return on equity of 1.82%. The company earned $56.70 million during the quarter, compared to the consensus estimate of $45.70 million. On average, equities research analysts expect that Deltic Timber Corp. will post $1.50 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Tuesday, November 29th. Deltic Timber Corp.’s dividend payout ratio is currently 108.11%.
DEL has been the subject of several research analyst reports. Barclays PLC reaffirmed an “equal weight” rating and set a $35.00 target price (down previously from $37.00) on shares of Deltic Timber Corp. in a research note on Sunday, July 31st. Credit Suisse Group AG reissued a “neutral” rating and issued a $42.00 price objective on shares of Deltic Timber Corp. in a research note on Tuesday, August 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $41.86.
In other news, VP Kent L. Streeter sold 7,516 shares of the business’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $69.98, for a total transaction of $525,969.68. Following the completion of the sale, the vice president now owns 16,050 shares in the company, valued at approximately $1,123,179. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director J Thurston Roach sold 1,000 shares of the business’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $70.25, for a total value of $70,250.00. Following the sale, the director now owns 9,112 shares of the company’s stock, valued at approximately $640,118. The disclosure for this sale can be found here. Insiders own 14.40% of the company’s stock.
About Deltic Timber Corp.
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 its timberlands, including harvesting and sale of timber, timberland sales and acquisitions, oil and gas revenues, timberland management and leasing of hunting land; 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 approximately four real estate developments and a related country club operation, and Corporate, which consists of executive management and the staff functions.
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