Texas Permanent School Fund lowered its position in Deltic Timber Corporation (NYSE:DEL) by 0.8% during the first quarter, Holdings Channel reports. The fund owned 7,658 shares of the construction company’s stock after selling 59 shares during the period. Texas Permanent School Fund’s holdings in Deltic Timber Corporation were worth $598,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of DEL. BNP Paribas Arbitrage SA increased its stake in shares of 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 worth $170,000 after buying an additional 245 shares during the last quarter. Two Sigma Investments LP acquired a new stake in shares of Deltic Timber Corporation during the fourth quarter worth about $379,000. Thrivent Financial for Lutherans increased its stake in shares of Deltic Timber Corporation by 5.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 5,720 shares of the construction company’s stock worth $441,000 after buying an additional 290 shares during the last quarter. Baird Financial Group Inc. increased its stake in shares of Deltic Timber Corporation by 7.7% in the fourth quarter. Baird Financial Group Inc. now owns 8,404 shares of the construction company’s stock worth $648,000 after buying an additional 604 shares during the last quarter. Finally, Comerica Bank increased its stake in shares of Deltic Timber Corporation by 5.7% in the fourth quarter. Comerica Bank now owns 11,260 shares of the construction company’s stock worth $874,000 after buying an additional 612 shares during the last quarter. 81.14% of the stock is owned by hedge funds and other institutional investors.

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

Deltic Timber Corporation (DEL) opened at 72.50 on Friday. The firm has a 50-day moving average price of $72.30 and a 200 day moving average price of $75.61. Deltic Timber Corporation has a 52-week low of $53.21 and a 52-week high of $85.49. The firm has a market capitalization of $883.34 million, a P/E ratio of 88.74 and a beta of 0.95.

Deltic Timber Corporation (NYSE:DEL) last announced its quarterly earnings results on Wednesday, May 3rd. The construction company reported $0.09 EPS for the quarter. The company had revenue of $53.22 million during the quarter. Deltic Timber Corporation had a return on equity of 4.02% and a net margin of 4.47%. Analysts forecast that Deltic Timber Corporation will post $1.50 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Tuesday, September 5th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, August 31st. This represents a $0.40 annualized dividend and a yield of 0.55%. Deltic Timber Corporation’s dividend payout ratio is presently 48.78%.

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A number of brokerages recently issued reports on DEL. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $54.00 price objective (up from $53.00) on shares of Deltic Timber Corporation in a research report on Wednesday, June 7th. Bank of America Corporation raised Deltic Timber Corporation from a “neutral” rating to a “buy” rating and lifted their target price for the company from $44.00 to $54.00 in a research report on Wednesday, April 26th. Morgan Stanley lifted their target price on 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. TheStreet raised Deltic Timber Corporation from a “c” rating to a “b-” rating in a research report on Monday, February 27th. Finally, CIBC lifted their target price on Deltic Timber Corporation from $53.00 to $54.00 and gave the company an “outperform” rating in a research report on Wednesday, June 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Deltic Timber Corporation has a consensus rating of “Hold” and an average target price of $46.70.

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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