Louisiana State Employees Retirement System maintained its stake in Deltic Timber Corporation (NYSE:DEL) during the second quarter, Holdings Channel reports. The institutional investor owned 4,300 shares of the construction company’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in Deltic Timber Corporation were worth $321,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Deltic Timber Corporation by 132,559.0% in the first quarter. BlackRock Inc. now owns 1,378,327 shares of the construction company’s stock worth $107,675,000 after buying an additional 1,377,288 shares during the last quarter. Vanguard Group Inc. boosted its stake in Deltic Timber Corporation by 5.2% in the first quarter. Vanguard Group Inc. now owns 974,313 shares of the construction company’s stock worth $76,113,000 after buying an additional 47,795 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Deltic Timber Corporation by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 358,932 shares of the construction company’s stock worth $28,039,000 after buying an additional 5,959 shares during the last quarter. State Street Corp boosted its stake in Deltic Timber Corporation by 4.4% in the first quarter. State Street Corp now owns 257,348 shares of the construction company’s stock worth $20,100,000 after buying an additional 10,884 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Deltic Timber Corporation by 16.4% in the first quarter. Bank of New York Mellon Corp now owns 139,821 shares of the construction company’s stock worth $10,923,000 after buying an additional 19,748 shares during the last quarter. Institutional investors own 80.58% of the company’s stock.

Deltic Timber Corporation (NYSE:DEL) traded up 0.95% during midday trading on Wednesday, hitting $67.74. 16,124 shares of the stock traded hands. The firm has a market cap of $825.48 million, a PE ratio of 98.17 and a beta of 0.89. Deltic Timber Corporation has a 12 month low of $53.21 and a 12 month high of $85.49. The company’s 50 day moving average price is $72.56 and its 200 day moving average price is $74.31.

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

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Tuesday, September 5th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Thursday, August 31st. Deltic Timber Corporation’s payout ratio is 57.97%.

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A number of equities research analysts have commented on DEL shares. Barclays PLC restated an “equal weight” rating and set a $43.00 target price (up previously from $41.00) on shares of Deltic Timber Corporation in a research note on Sunday, May 28th. Stephens upgraded shares of Deltic Timber Corporation from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $49.00 to $60.00 in a research report on Monday, July 17th. BTIG Research lifted their price objective on shares of Deltic Timber Corporation from $45.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. BMO Capital Markets reiterated an “underperform” rating and set a $30.00 price objective (up previously from $28.00) on shares of Deltic Timber Corporation in a research report on Friday, June 16th. Finally, CIBC lifted 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. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Deltic Timber Corporation presently has a consensus rating of “Hold” and an average price target of $48.40.

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

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