Deltic Timber Corporation (DEL) Stake Maintained by State of Tennessee Treasury Department

Deltic Timber Corporation (DEL) Stake Maintained by State of Tennessee Treasury Department

State of Tennessee Treasury Department continued to hold its position in shares of Deltic Timber Corporation (NYSE:DEL) during the third quarter, Holdings Channel reports. The firm owned 8,808 shares of the company’s stock at the end of the third quarter. State of Tennessee Treasury Department owned 0.07% of Deltic Timber Corporation worth $597,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of DEL. Teacher Retirement System of Texas raised its position in shares of Deltic Timber Corporation by 13.2% in the second quarter. Teacher Retirement System of Texas now owns 1,568 shares of the company’s stock worth $105,000 after buying an additional 183 shares during the period. Mason Street Advisors LLC bought a new position in shares of Deltic Timber Corporation during the second quarter valued at $140,000. Kernodle & Katon Asset Management Group LLC bought a new position in shares of Deltic Timber Corporation during the second quarter valued at $157,000. Municipal Employees Retirement System of Michigan raised its position in shares of Deltic Timber Corporation by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 2,370 shares of the company’s stock valued at $161,000 after buying an additional 40 shares during the last quarter. Finally, Aperio Group LLC raised its position in shares of Deltic Timber Corporation by 2.8% in the third quarter. Aperio Group LLC now owns 3,380 shares of the company’s stock valued at $229,000 after buying an additional 92 shares during the last quarter. Institutional investors and hedge funds own 79.81% of the company’s stock.

Shares of Deltic Timber Corporation (NYSE:DEL) traded down 1.24% during trading on Friday, hitting $79.92. 21,795 shares of the company traded hands. The stock has a market cap of $971.59 million, a price-to-earnings ratio of 164.44 and a beta of 1.03. The firm has a 50 day moving average price of $77.93 and a 200-day moving average price of $70.06. Deltic Timber Corporation has a one year low of $52.66 and a one year high of $81.33.

DEL has been the topic of several recent analyst reports. BMO Capital Markets lowered shares of Deltic Timber Corporation from a “market perform” rating to an “underperform” rating and set a $33.00 target price on the stock. in a research report on Monday, November 21st. Bank of America Corporation upgraded shares of Deltic Timber Corporation from an “underperform” rating to a “neutral” rating in a research report on Wednesday, October 12th. Stifel Nicolaus restated a “hold” rating and set a $41.00 target price (up from $40.00) on shares of Deltic Timber Corporation in a research report on Saturday, October 8th. BTIG Research restated a “buy” rating and set a $52.00 target price on shares of Deltic Timber Corporation in a research report on Monday, October 10th. Finally, Stephens initiated coverage on shares of Deltic Timber Corporation in a research report on Tuesday, November 1st. They set an “equal weight” rating and a $49.00 target price on the stock. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. Deltic Timber Corporation presently has an average rating of “Hold” and an average target price of $42.00.

In related news, insider Byrom Walker sold 939 shares of the stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $79.54, for a total transaction of $74,688.06. Following the completion of the sale, the insider now directly owns 2,943 shares of the company’s stock, valued at approximately $234,086.22. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Kenneth Dewayne Mann sold 3,749 shares of the stock in a transaction that occurred on Thursday, December 8th. The stock was sold at an average price of $79.13, for a total value of $296,658.37. Following the sale, the chief financial officer now directly owns 28,365 shares of the company’s stock, valued at $2,244,522.45. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 8,956 shares of company stock valued at $506,257 and have sold 4,988 shares valued at $389,010. 14.40% of the stock is currently owned by corporate insiders.

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 its timberlands, including harvesting and sale of timber, timberland sales and acquisitions, oil and gas revenues, timberland management and leasing of hunting land; 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 approximately four real estate developments and a related country club operation, and Corporate, which consists of executive management and the staff functions.

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