Trading Report: Today, Louisiana State Employees Retirement System Reached $318,000 position of Deltic Timber Corp. (DEL)

Today, Louisiana State Employees Retirement System Reached $318,000 position  of Deltic Timber Corp. (DEL)

Louisiana State Employees Retirement System maintained its stake in shares of Deltic Timber Corp. (NYSE:DEL) during the third quarter, Holdings Channel reports. The fund owned 4,700 shares of the company’s stock at the end of the third quarter. Louisiana State Employees Retirement System’s holdings in Deltic Timber Corp. were worth $318,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Goldman Sachs Group Inc. boosted its stake in shares of Deltic Timber Corp. by 26.6% in the first quarter. Goldman Sachs Group Inc. now owns 14,198 shares of the company’s stock worth $854,000 after buying an additional 2,981 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Deltic Timber Corp. by 121.1% in the second quarter. BNP Paribas Arbitrage SA now owns 3,336 shares of the company’s stock worth $224,000 after buying an additional 1,827 shares during the period. Capstone Asset Management Co. boosted its stake in shares of Deltic Timber Corp. by 14.7% in the second quarter. Capstone Asset Management Co. now owns 4,993 shares of the company’s stock worth $335,000 after buying an additional 640 shares during the period. Chartwell Investment Partners LLC acquired a new stake in shares of Deltic Timber Corp. during the second quarter worth approximately $3,565,000. Finally, Ameriprise Financial Inc. boosted its stake in shares of Deltic Timber Corp. by 3.3% in the second quarter. Ameriprise Financial Inc. now owns 51,385 shares of the company’s stock worth $3,450,000 after buying an additional 1,665 shares during the period. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Deltic Timber Corp. (NYSE:DEL) traded up 0.09% during midday trading on Friday, hitting $69.06. 70,191 shares of the stock traded hands. Deltic Timber Corp. has a 12 month low of $50.84 and a 12 month high of $72.74. The stock has a market cap of $839.56 million, a PE ratio of 142.10 and a beta of 0.93. The company has a 50-day moving average of $62.98 and a 200-day moving average of $66.41.

Deltic Timber Corp. (NYSE:DEL) last issued its quarterly earnings data on Wednesday, October 26th. The company reported $0.12 earnings per share for the quarter. Deltic Timber Corp. had a return on equity of 2.44% and a net margin of 2.84%. The company had revenue of $53.50 million for the quarter, compared to the consensus estimate of $50.15 million. On average, equities research analysts anticipate that Deltic Timber Corp. will post $1.50 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Tuesday, November 29th. Deltic Timber Corp.’s payout ratio is currently 81.63%.

A number of analysts have recently commented on DEL shares. Barclays PLC restated an “equal weight” rating and set a $35.00 target price (down previously from $37.00) on shares of Deltic Timber Corp. in a report on Sunday, July 31st. Credit Suisse Group AG reiterated a “neutral” rating and issued a $42.00 price target on shares of Deltic Timber Corp. in a research note on Tuesday, August 16th. Stifel Nicolaus reiterated a “hold” rating and issued a $41.00 price target (up previously from $40.00) on shares of Deltic Timber Corp. in a research note on Saturday, October 8th. BTIG Research reiterated a “buy” rating and issued a $52.00 price target on shares of Deltic Timber Corp. in a research note on Monday, October 10th. Finally, Bank of America Corp. upgraded shares of Deltic Timber Corp. from an “underperform” rating to a “neutral” rating in a research note on Wednesday, October 12th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $42.44.

In related news, VP Kent L. Streeter sold 7,516 shares of the firm’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $69.98, for a total transaction of $525,969.68. Following the sale, the vice president now owns 16,050 shares of the company’s stock, valued at $1,123,179. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director J Thurston Roach sold 1,000 shares of the firm’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $70.25, for a total value of $70,250.00. Following the sale, the director now directly owns 9,112 shares in the company, valued at approximately $640,118. The disclosure for this sale can be found here. Corporate insiders own 14.40% of the company’s stock.

Deltic Timber Corp. 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 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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