BNP Paribas Arbitrage SA increased its position in Deltic Timber Corporation (NYSE:DEL) by 54.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,363 shares of the construction company’s stock after buying an additional 1,189 shares during the period. BNP Paribas Arbitrage SA’s holdings in Deltic Timber Corporation were worth $251,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of DEL. Victory Capital Management Inc. acquired a new position in shares of Deltic Timber Corporation in the first quarter valued at approximately $148,000. State of Alaska Department of Revenue raised its position in shares of Deltic Timber Corporation by 78.6% in the second quarter. State of Alaska Department of Revenue now owns 2,090 shares of the construction company’s stock valued at $156,000 after buying an additional 920 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of Deltic Timber Corporation by 4.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 2,500 shares of the construction company’s stock valued at $187,000 after buying an additional 100 shares during the last quarter. Mason Street Advisors LLC raised its position in shares of 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 during the last quarter. Finally, K2 Principal Fund L.P. acquired a new position in shares of Deltic Timber Corporation in the first quarter valued at approximately $272,000. 80.45% of the stock is owned by institutional investors and hedge funds.

Shares of Deltic Timber Corporation (NYSE:DEL) opened at 84.85 on Friday. The stock has a market capitalization of $1.03 billion, a P/E ratio of 122.97 and a beta of 0.88. The company has a 50-day moving average of $74.34 and a 200-day moving average of $74.18. Deltic Timber Corporation has a 12-month low of $53.21 and a 12-month high of $85.49.

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 net margin of 3.82% and a return on equity of 3.38%. Equities analysts expect that Deltic Timber Corporation will post $1.50 earnings per share for the current fiscal year.

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DEL has been the subject of a number of analyst reports. Barclays PLC reissued an “equal weight” rating and issued a $43.00 price objective (up previously from $41.00) on shares of Deltic Timber Corporation in a research report on Sunday, May 28th. Morgan Stanley boosted their price objective on shares of Deltic Timber Corporation from $47.00 to $48.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 6th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $54.00 price objective (up previously from $53.00) on shares of Deltic Timber Corporation in a research report on Wednesday, June 7th. CIBC boosted their price objective on shares of Deltic Timber Corporation from $53.00 to $54.00 and gave the company an “outperform” rating in a research report on Wednesday, June 7th. Finally, BMO Capital Markets reissued an “underperform” rating and issued a $30.00 price objective (up previously from $28.00) on shares of Deltic Timber Corporation in a research report on Friday, June 16th. Two 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’s stock. Deltic Timber Corporation currently has an average rating of “Hold” and a consensus target price of $49.11.

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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