Boise Cascade (NYSE:BCC) Shares Sold by Choreo LLC

Choreo LLC trimmed its holdings in Boise Cascade (NYSE:BCCFree Report) by 5.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,342 shares of the construction company’s stock after selling 250 shares during the period. Choreo LLC’s holdings in Boise Cascade were worth $562,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC increased its position in shares of Boise Cascade by 1.2% during the 4th quarter. SummerHaven Investment Management LLC now owns 7,593 shares of the construction company’s stock worth $982,000 after purchasing an additional 93 shares during the last quarter. New York State Teachers Retirement System boosted its position in shares of Boise Cascade by 0.4% during the 4th quarter. New York State Teachers Retirement System now owns 30,844 shares of the construction company’s stock worth $3,990,000 after purchasing an additional 108 shares during the period. Arizona State Retirement System increased its holdings in Boise Cascade by 1.3% in the 3rd quarter. Arizona State Retirement System now owns 11,272 shares of the construction company’s stock valued at $1,161,000 after purchasing an additional 145 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Boise Cascade by 2.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,429 shares of the construction company’s stock valued at $1,220,000 after purchasing an additional 188 shares during the period. Finally, Global Retirement Partners LLC lifted its stake in Boise Cascade by 1,147.1% during the fourth quarter. Global Retirement Partners LLC now owns 212 shares of the construction company’s stock worth $28,000 after purchasing an additional 195 shares in the last quarter. Institutional investors and hedge funds own 96.18% of the company’s stock.

Boise Cascade Stock Up 1.9 %

Shares of Boise Cascade stock opened at $134.48 on Friday. The company has a quick ratio of 2.26, a current ratio of 3.46 and a debt-to-equity ratio of 0.22. Boise Cascade has a 52-week low of $66.82 and a 52-week high of $154.67. The company has a market capitalization of $5.32 billion, a P/E ratio of 11.10 and a beta of 1.64. The company has a 50 day moving average of $140.07 and a 200 day moving average of $126.68.

Boise Cascade (NYSE:BCCGet Free Report) last released its quarterly earnings data on Wednesday, February 21st. The construction company reported $2.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($0.01). Boise Cascade had a return on equity of 21.94% and a net margin of 7.07%. The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period last year, the firm posted $2.95 earnings per share. Boise Cascade’s revenue for the quarter was up 1.0% on a year-over-year basis. As a group, research analysts forecast that Boise Cascade will post 11.44 EPS for the current fiscal year.

Boise Cascade Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.59%. The ex-dividend date was Thursday, February 22nd. Boise Cascade’s dividend payout ratio (DPR) is presently 6.60%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BCC. StockNews.com cut Boise Cascade from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. The Goldman Sachs Group increased their price target on shares of Boise Cascade from $114.00 to $129.00 and gave the stock a “neutral” rating in a research report on Thursday, January 11th. Finally, Truist Financial upped their target price on shares of Boise Cascade from $156.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, March 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $125.00.

Get Our Latest Stock Report on Boise Cascade

Insider Activity at Boise Cascade

In related news, EVP Dean Michael Brown sold 11,117 shares of Boise Cascade stock in a transaction on Monday, March 4th. The shares were sold at an average price of $139.09, for a total transaction of $1,546,263.53. Following the sale, the executive vice president now directly owns 40,237 shares in the company, valued at approximately $5,596,564.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.98% of the stock is currently owned by corporate insiders.

Boise Cascade Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Boise Cascade (NYSE:BCC)

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