First Eagle Investment Management LLC Continues to Hold Position in Deltic Timber Corporation (DEL)

First Eagle Investment Management LLC maintained its stake in Deltic Timber Corporation (NYSE:DEL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,684 shares of the construction company’s stock at the end of the second quarter. First Eagle Investment Management LLC’s holdings in Deltic Timber Corporation were worth $275,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. State of Tennessee Treasury Department increased its stake 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 valued at $777,000 after buying an additional 1,142 shares in the last quarter. Bank of America Corp DE increased its stake in Deltic Timber Corporation by 31.9% in the first quarter. Bank of America Corp DE now owns 32,239 shares of the construction company’s stock valued at $2,518,000 after buying an additional 7,801 shares in the last quarter. Teachers Advisors LLC increased its stake in Deltic Timber Corporation by 5.9% in the fourth quarter. Teachers Advisors LLC now owns 17,643 shares of the construction company’s stock valued at $1,360,000 after buying an additional 980 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Deltic Timber Corporation by 5.0% in the first quarter. Ameriprise Financial Inc. now owns 55,690 shares of the construction company’s stock valued at $4,350,000 after buying an additional 2,640 shares in the last quarter. Finally, BlackRock Inc. increased its stake in 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 valued at $107,675,000 after buying an additional 1,377,288 shares in the last quarter. Institutional investors and hedge funds own 80.58% of the company’s stock.

Deltic Timber Corporation (NYSE:DEL) opened at 66.97 on Wednesday. The stock has a 50 day moving average of $71.87 and a 200-day moving average of $74.07. Deltic Timber Corporation has a 12 month low of $53.21 and a 12 month high of $85.49. The firm has a market cap of $816.10 million, a P/E ratio of 97.06 and a beta of 0.89.

Deltic Timber Corporation (NYSE:DEL) last announced its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.22 EPS for the quarter. The company had revenue of $55.35 million for the quarter. Deltic Timber Corporation had a return on equity of 3.38% and a net margin of 3.82%. Equities research analysts predict 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. Shareholders of record on Tuesday, September 5th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.60%. The ex-dividend date is Thursday, August 31st. Deltic Timber Corporation’s dividend payout ratio (DPR) is presently 57.97%.

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Several equities research analysts recently commented on DEL shares. Bank of America Corporation upgraded shares of Deltic Timber Corporation from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $44.00 to $54.00 in a research report on Wednesday, April 26th. BidaskClub downgraded shares of Deltic Timber Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. BTIG Research lifted their target price on shares of Deltic Timber Corporation from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Morgan Stanley lifted 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 research report on Thursday, July 6th. Finally, BMO Capital Markets restated an “underperform” rating and issued a $30.00 price target (up previously from $28.00) on shares of Deltic Timber Corporation in a research report on Friday, June 16th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. Deltic Timber Corporation has a consensus rating of “Hold” and an average 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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Institutional Ownership by Quarter for Deltic Timber Corporation (NYSE:DEL)

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