Deltic Timber (DEL) Shares Down 5.3%

Deltic Timber Corp (NYSE:DEL) shares fell 5.3% during trading on Tuesday . The stock traded as low as $93.06 and last traded at $93.28. 2,106,462 shares traded hands during trading, an increase of 931% from the average session volume of 204,222 shares. The stock had previously closed at $98.45.

Several brokerages have recently commented on DEL. ValuEngine downgraded Deltic Timber from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. TheStreet downgraded Deltic Timber from a “b-” rating to a “c+” rating in a research note on Friday, December 15th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. Deltic Timber currently has a consensus rating of “Hold” and a consensus target price of $50.13.

The stock has a market cap of $1,137.53, a P/E ratio of 65.23 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.03 and a current ratio of 1.52.

In related news, CFO Byrom Walker sold 5,500 shares of the business’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 completion of the sale, the chief financial officer now directly owns 10,979 shares in the company, valued at approximately $998,430.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David V. Meghreblian sold 16,057 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $90.94, for a total value of $1,460,223.58. Following the completion of the sale, the vice president now owns 27,424 shares of the company’s stock, valued at $2,493,938.56. The disclosure for this sale can be found here. Insiders own 12.10% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its holdings in Deltic Timber by 4.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,818 shares of the construction company’s stock valued at $658,000 after acquiring an additional 390 shares in the last quarter. Voya Investment Management LLC raised its holdings in Deltic Timber by 7.4% in the 2nd quarter. Voya Investment Management LLC now owns 6,270 shares of the construction company’s stock valued at $468,000 after acquiring an additional 430 shares in the last quarter. Legal & General Group Plc raised its holdings in Deltic Timber by 2.7% in the 3rd quarter. Legal & General Group Plc now owns 21,095 shares of the construction company’s stock valued at $1,865,000 after acquiring an additional 549 shares in the last quarter. Horrell Capital Management Inc. raised its holdings in Deltic Timber by 2.0% in the 4th quarter. Horrell Capital Management Inc. now owns 28,641 shares of the construction company’s stock valued at $2,622,000 after acquiring an additional 571 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Deltic Timber by 1.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 56,285 shares of the construction company’s stock valued at $4,202,000 after acquiring an additional 595 shares in the last quarter. Institutional investors and hedge funds own 90.90% of the company’s stock.

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About Deltic Timber

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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