Schwab Charles Investment Management Inc. raised its holdings in shares of Deltic Timber Corp (NYSE:DEL) by 5.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,711 shares of the construction company’s stock after purchasing an additional 2,403 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.39% of Deltic Timber worth $4,220,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in DEL. Pinebridge Investments L.P. lifted its position in Deltic Timber by 1.2% during the second quarter. Pinebridge Investments L.P. now owns 1,397 shares of the construction company’s stock valued at $104,000 after purchasing an additional 17 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Deltic Timber by 17.5% in the 2nd quarter. Victory Capital Management Inc. now owns 2,224 shares of the construction company’s stock worth $166,000 after acquiring an additional 332 shares during the last quarter. Aperio Group LLC bought a new stake in shares of Deltic Timber in the 3rd quarter worth about $210,000. Citadel Advisors LLC bought a new stake in shares of Deltic Timber in the 3rd quarter worth about $212,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Deltic Timber in the 3rd quarter worth about $216,000. Institutional investors and hedge funds own 85.55% of the company’s stock.
In related news, VP David V. Meghreblian sold 16,057 shares of Deltic Timber stock in a transaction dated Tuesday, December 19th. The shares were 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 owns 27,424 shares in the company, valued at approximately $2,493,938.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Byrom Walker sold 5,500 shares of Deltic Timber stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $90.94, for a total transaction of $500,170.00. Following the sale, the chief financial officer now owns 10,979 shares of the company’s stock, valued at approximately $998,430.26. The disclosure for this sale can be found here. Company insiders own 12.10% of the company’s stock.
Shares of Deltic Timber Corp (DEL) opened at $93.34 on Friday. Deltic Timber Corp has a twelve month low of $65.65 and a twelve month high of $96.65. The stock has a market cap of $1,145.04, a PE ratio of 121.22 and a beta of 0.93. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.94.
Deltic Timber (NYSE:DEL) last announced its quarterly earnings data on Monday, October 23rd. The construction company reported $0.20 earnings per share for the quarter. Deltic Timber had a net margin of 4.13% and a return on equity of 3.74%. The company had revenue of $61.66 million during the quarter. research analysts expect that Deltic Timber Corp will post 0.52 earnings per share for the current fiscal year.
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Deltic Timber 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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