Arizona State Retirement System Has $1.67 Million Position in Deltic Timber Corp (DEL)
Arizona State Retirement System boosted its holdings in Deltic Timber Corp (NYSE:DEL) by 221.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 18,232 shares of the construction company’s stock after acquiring an additional 12,560 shares during the quarter. Arizona State Retirement System’s holdings in Deltic Timber were worth $1,669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of DEL. Alpine Associates Management Inc. acquired a new stake in Deltic Timber in the 4th quarter valued at approximately $21,403,000. Chicago Capital Management LLC acquired a new stake in Deltic Timber in the 4th quarter valued at approximately $14,454,000. State Street Corp increased its position in Deltic Timber by 3.5% in the 2nd quarter. State Street Corp now owns 266,258 shares of the construction company’s stock valued at $19,876,000 after acquiring an additional 8,910 shares during the period. Dimensional Fund Advisors LP increased its position in Deltic Timber by 2.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 369,675 shares of the construction company’s stock valued at $32,690,000 after acquiring an additional 8,743 shares during the period. Finally, Engineers Gate Manager LP acquired a new stake in Deltic Timber in the 4th quarter valued at approximately $751,000. Hedge funds and other institutional investors own 90.90% of the company’s stock.
A number of equities analysts have issued reports on the company. TheStreet lowered Deltic Timber from a “b-” rating to a “c+” rating in a research note on Friday, December 15th. ValuEngine lowered Deltic Timber from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Two 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’s stock. The stock currently has an average rating of “Hold” and an average target price of $50.13.
In other news, VP David V. Meghreblian sold 16,057 shares of the firm’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $90.94, for a total transaction of $1,460,223.58. Following the completion of the sale, the vice president now directly owns 27,424 shares of the company’s stock, valued at approximately $2,493,938.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Byrom Walker sold 5,500 shares of the firm’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $90.94, for a total value of $500,170.00. Following the sale, the chief financial officer now directly owns 10,979 shares of the company’s stock, valued at $998,430.26. The disclosure for this sale can be found here. Company insiders own 12.10% of the company’s stock.
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Deltic Timber 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.
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