Deltic Timber Corporation (DEL) Stake Held by King Luther Capital Management Corp

King Luther Capital Management Corp held its stake in shares of Deltic Timber Corporation (NYSE:DEL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,076 shares of the construction company’s stock at the close of the 2nd quarter. King Luther Capital Management Corp owned about 0.07% of Deltic Timber Corporation worth $678,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of DEL. Victory Capital Management Inc. purchased a new position in shares of Deltic Timber Corporation in the first quarter worth about $148,000. State of Alaska Department of Revenue raised its stake 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 worth $156,000 after purchasing an additional 920 shares during the last quarter. BNP Paribas Arbitrage SA raised 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 purchasing an additional 245 shares during the last quarter. Mason Street Advisors LLC raised its stake 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 worth $193,000 after purchasing an additional 161 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its stake 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 worth $187,000 after purchasing an additional 100 shares during the last quarter. 80.45% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently issued reports on DEL. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $54.00 price objective (up from $53.00) on shares of Deltic Timber Corporation in a research note on Wednesday, June 7th. BidaskClub cut Deltic Timber Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Morgan Stanley raised their price objective on Deltic Timber Corporation from $48.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 6th. BTIG Research restated a “buy” rating and issued a $45.00 price objective on shares of Deltic Timber Corporation in a research note on Tuesday, July 4th. Finally, CIBC raised their price objective on Deltic Timber Corporation from $53.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 7th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $49.11.

Deltic Timber Corporation (NYSE:DEL) opened at 83.50 on Wednesday. Deltic Timber Corporation has a 52 week low of $53.21 and a 52 week high of $85.49. The stock has a 50 day moving average price of $74.34 and a 200 day moving average price of $74.18. The stock has a market capitalization of $1.02 billion, a PE ratio of 121.01 and a beta of 0.88.

Deltic Timber Corporation (NYSE:DEL) last announced its earnings results on Wednesday, August 2nd. The construction company reported $0.22 earnings per share (EPS) for the quarter. The firm 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%. Equities analysts forecast that Deltic Timber Corporation will post $1.50 EPS for the current year.

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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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