Vontobel Holding Ltd. Buys Shares of 2,250 Boise Cascade (NYSE:BCC)

Vontobel Holding Ltd. bought a new stake in shares of Boise Cascade (NYSE:BCC) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,250 shares of the construction company’s stock, valued at approximately $291,000.

Several other institutional investors and hedge funds also recently bought and sold shares of BCC. Global Retirement Partners LLC grew its stake in shares of Boise Cascade by 1,147.1% in the 4th quarter. Global Retirement Partners LLC now owns 212 shares of the construction company’s stock valued at $28,000 after buying an additional 195 shares in the last quarter. Hexagon Capital Partners LLC grew its stake in shares of Boise Cascade by 76.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 433 shares of the construction company’s stock valued at $45,000 after buying an additional 187 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Boise Cascade by 58.1% in the 4th quarter. Blue Trust Inc. now owns 544 shares of the construction company’s stock valued at $70,000 after buying an additional 200 shares in the last quarter. C M Bidwell & Associates Ltd. grew its stake in shares of Boise Cascade by 4,706.9% in the 3rd quarter. C M Bidwell & Associates Ltd. now owns 1,394 shares of the construction company’s stock valued at $144,000 after buying an additional 1,365 shares in the last quarter. Finally, Sound View Wealth Advisors Group LLC bought a new stake in shares of Boise Cascade in the 3rd quarter valued at approximately $205,000. Hedge funds and other institutional investors own 96.18% of the company’s stock.

Analyst Upgrades and Downgrades

BCC has been the subject of several recent research reports. Truist Financial boosted their price target on Boise Cascade from $156.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. StockNews.com cut Boise Cascade from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Finally, The Goldman Sachs Group upped their target price on Boise Cascade from $114.00 to $129.00 and gave the stock a “neutral” rating in a research report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $125.00.

Insider Activity

In other news, EVP Dean Michael Brown sold 11,117 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $139.09, for a total value of $1,546,263.53. Following the completion of the sale, the executive vice president now directly owns 40,237 shares of the company’s stock, valued at $5,596,564.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.98% of the stock is owned by company insiders.

Boise Cascade Stock Up 4.6 %

Shares of Boise Cascade stock opened at $139.14 on Wednesday. The stock has a market capitalization of $5.50 billion, a P/E ratio of 11.48 and a beta of 1.60. The company has a quick ratio of 2.26, a current ratio of 3.46 and a debt-to-equity ratio of 0.22. The stock has a 50 day moving average price of $139.96 and a two-hundred day moving average price of $124.88. Boise Cascade has a 12-month low of $64.39 and a 12-month high of $154.67.

Boise Cascade (NYSE:BCC) last posted its quarterly earnings data on Wednesday, February 21st. The construction company reported $2.44 earnings per share for the quarter, missing the consensus estimate of $2.45 by ($0.01). Boise Cascade had a net margin of 7.07% and a return on equity of 21.94%. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the prior year, the company posted $2.95 earnings per share. The firm’s revenue was up 1.0% compared to the same quarter last year. Equities analysts expect that Boise Cascade will post 11.5 earnings per share for the current year.

Boise Cascade Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.80 annualized dividend and a dividend yield of 0.57%. Boise Cascade’s dividend payout ratio is 6.60%.

Boise Cascade Company Profile

Boise Cascade Company engages in manufacture of wood products and distribution of building materials in the United States and Canada. It operates through two segments, Wood Products and Building Materials Distribution. The Wood Products segment manufactures laminated veneer lumber and laminated beams used in headers and beams; I-joists for residential and commercial flooring and roofing systems, and other structural applications; structural, appearance, and industrial plywood panels; and ponderosa pine shop lumber and appearance grade boards.