Brookfield Asset Management Inc. Buys 19,600 Shares of Deltic Timber Corp (DEL)
Brookfield Asset Management Inc. grew its stake in shares of Deltic Timber Corp (NYSE:DEL) by 130.7% in the fourth quarter, HoldingsChannel reports. The firm owned 34,600 shares of the construction company’s stock after purchasing an additional 19,600 shares during the period. Brookfield Asset Management Inc.’s holdings in Deltic Timber were worth $3,168,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Delpha Capital Management LLC bought a new stake in Deltic Timber during the 4th quarter worth approximately $112,000. Piedmont Investment Advisors LLC bought a new stake in Deltic Timber during the 3rd quarter worth approximately $209,000. Aperio Group LLC bought a new stake in Deltic Timber during the 3rd quarter worth approximately $210,000. Citadel Advisors LLC bought a new stake in Deltic Timber during the 3rd quarter worth approximately $212,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Deltic Timber during the 3rd quarter worth approximately $216,000. 90.90% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have commented on DEL. ValuEngine lowered Deltic Timber from a “buy” rating to a “hold” rating in a report on Friday, December 1st. TheStreet lowered Deltic Timber from a “b-” rating to a “c+” rating in a report on Friday, December 15th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Deltic Timber presently has an average rating of “Hold” and an average target price of $50.13.
Deltic Timber (NYSE:DEL) last released its earnings results on Wednesday, February 14th. The construction company reported $0.92 earnings per share (EPS) for the quarter. The company had revenue of $72.04 million during the quarter. Deltic Timber had a return on equity of 6.95% and a net margin of 2.68%.
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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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