Roberts Glore & Co. Inc. IL Has $394,000 Stake in Deltic Timber Corp. (DEL)
Roberts Glore & Co. Inc. IL lowered its position in shares of Deltic Timber Corp. (NYSE:DEL) by 2.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,864 shares of the company’s stock after selling 126 shares during the period. Roberts Glore & Co. Inc. IL’s holdings in Deltic Timber Corp. were worth $394,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DEL. BNP Paribas Arbitrage SA raised its position in Deltic Timber Corp. by 121.1% in the second quarter. BNP Paribas Arbitrage SA now owns 3,336 shares of the company’s stock worth $224,000 after buying an additional 1,827 shares during the last quarter. Capstone Asset Management Co. raised its position in Deltic Timber Corp. by 14.7% in the second quarter. Capstone Asset Management Co. now owns 4,993 shares of the company’s stock worth $335,000 after buying an additional 640 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Deltic Timber Corp. by 26.6% in the first quarter. Goldman Sachs Group Inc. now owns 14,198 shares of the company’s stock worth $854,000 after buying an additional 2,981 shares during the last quarter. Prudential Financial Inc. raised its position in Deltic Timber Corp. by 8.5% in the first quarter. Prudential Financial Inc. now owns 27,933 shares of the company’s stock worth $1,680,000 after buying an additional 2,200 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in Deltic Timber Corp. by 5.7% in the first quarter. Wellington Management Group LLP now owns 1,427,032 shares of the company’s stock worth $85,837,000 after buying an additional 77,011 shares during the last quarter. 82.03% of the stock is currently owned by institutional investors.
Shares of Deltic Timber Corp. (NYSE:DEL) traded down 1.08% during trading on Monday, reaching $62.93. 21,854 shares of the company traded hands. 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 $764.54 million, a P/E ratio of 172.88 and a beta of 0.92. The company’s 50-day moving average price is $68.74 and its 200-day moving average price is $66.26.
Deltic Timber Corp. (NYSE:DEL) last announced 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 had revenue of $56.70 million for the quarter, compared to the consensus estimate of $45.70 million. Equities research analysts forecast that Deltic Timber Corp. will post $1.50 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.64%. The ex-dividend date is Tuesday, November 29th. Deltic Timber Corp.’s dividend payout ratio is currently 108.11%.
A number of research analysts recently weighed in on the stock. Barclays PLC reissued an “equal weight” rating and set a $35.00 price target on shares of Deltic Timber Corp. in a research report on Thursday. BMO Capital Markets restated a “market perform” rating and set a $37.00 price objective on shares of Deltic Timber Corp. in a report on Wednesday, October 12th. Credit Suisse Group AG restated a “neutral” rating and set a $42.00 price objective on shares of Deltic Timber Corp. in a report on Tuesday, August 16th. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $48.00 price objective (down previously from $49.00) on shares of Deltic Timber Corp. in a report on Friday. Finally, BTIG Research restated a “buy” rating and set a $52.00 price objective on shares of Deltic Timber Corp. in a report on Monday, October 10th. Eleven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $42.27.
In other Deltic Timber Corp. news, insider Byrom Walker sold 1,199 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $70.59, for a total transaction of $84,637.41. Following the transaction, the insider now owns 3,294 shares in the company, valued at approximately $232,523.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ray C. Dillon sold 11,119 shares of the company’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $70.00, for a total transaction of $778,330.00. Following the transaction, the insider now owns 99,208 shares in the company, valued at approximately $6,944,560. The disclosure for this sale can be found here. Company 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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