Goldman Sachs Group Inc. decreased its stake in Deltic Timber Corporation (NYSE:DEL) by 32.0% during the first quarter, Holdings Channel reports. The institutional investor owned 14,239 shares of the construction company’s stock after selling 6,696 shares during the period. Goldman Sachs Group Inc.’s holdings in Deltic Timber Corporation were worth $1,113,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Mason Street Advisors LLC boosted its stake in Deltic Timber Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 2,473 shares of the construction company’s stock valued at $193,000 after buying an additional 161 shares in the last quarter. Thrivent Financial For Lutherans boosted its position in Deltic Timber Corporation by 4.2% in the first quarter. Thrivent Financial For Lutherans now owns 5,960 shares of the construction company’s stock valued at $466,000 after buying an additional 240 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in Deltic Timber Corporation by 12.7% in the first quarter. BNP Paribas Arbitrage SA now owns 2,174 shares of the construction company’s stock valued at $170,000 after buying an additional 245 shares in the last quarter. Comerica Bank boosted its position in Deltic Timber Corporation by 3.7% in the first quarter. Comerica Bank now owns 11,682 shares of the construction company’s stock valued at $930,000 after buying an additional 422 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in Deltic Timber Corporation by 4.6% in the first quarter. Great West Life Assurance Co. Can now owns 15,005 shares of the construction company’s stock valued at $1,171,000 after buying an additional 664 shares in the last quarter. Hedge funds and other institutional investors own 80.80% of the company’s stock.

Deltic Timber Corporation (NYSE DEL) traded down 1.02% during trading on Friday, reaching $68.11. The company’s stock had a trading volume of 27,923 shares. Deltic Timber Corporation has a one year low of $53.21 and a one year high of $85.49. The firm has a market capitalization of $829.99 million, a P/E ratio of 98.71 and a beta of 0.89. The stock has a 50-day moving average of $72.94 and a 200 day moving average of $74.60.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Tuesday, September 5th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.58%. Deltic Timber Corporation’s dividend payout ratio (DPR) is presently 57.97%.

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Several equities analysts have weighed in on the company. BTIG Research restated a “buy” rating and set a $57.00 price target (up previously from $52.00) on shares of Deltic Timber Corporation in a report on Wednesday, July 26th. Stephens upgraded Deltic Timber Corporation from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $49.00 to $60.00 in a report on Monday, July 17th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $54.00 price target (up previously from $53.00) on shares of Deltic Timber Corporation in a report on Wednesday, June 7th. Morgan Stanley raised their price target on Deltic Timber Corporation from $47.00 to $48.00 and gave the company an “equal weight” rating in a report on Tuesday, June 6th. Finally, Barclays PLC restated an “equal weight” rating and set a $43.00 price target (up previously from $41.00) on shares of Deltic Timber Corporation in a report on Sunday, May 28th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $48.40.

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

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