Boise Cascade (NYSE:BCC) Holdings Decreased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lessened its stake in Boise Cascade (NYSE:BCC) by 31.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,555 shares of the construction company’s stock after selling 7,037 shares during the period. Los Angeles Capital Management LLC’s holdings in Boise Cascade were worth $2,012,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Boise Cascade by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 4,673,313 shares of the construction company’s stock valued at $481,538,000 after purchasing an additional 43,896 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of Boise Cascade by 13.8% in the third quarter. Acadian Asset Management LLC now owns 1,473,620 shares of the construction company’s stock valued at $151,820,000 after buying an additional 178,439 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Boise Cascade by 45.0% in the third quarter. Wellington Management Group LLP now owns 1,349,170 shares of the construction company’s stock valued at $139,018,000 after buying an additional 418,891 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Boise Cascade by 59.7% during the 4th quarter. Pacer Advisors Inc. now owns 1,096,986 shares of the construction company’s stock valued at $141,906,000 after acquiring an additional 409,906 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Boise Cascade by 14.2% during the 3rd quarter. American Century Companies Inc. now owns 701,301 shares of the construction company’s stock worth $72,262,000 after acquiring an additional 87,411 shares in the last quarter. Institutional investors and hedge funds own 96.18% of the company’s stock.

Analysts Set New Price Targets

BCC has been the topic of a number of recent analyst reports. StockNews.com raised Boise Cascade from a “hold” rating to a “buy” rating in a research report on Tuesday. The Goldman Sachs Group lifted their price target on Boise Cascade from $114.00 to $129.00 and gave the stock a “neutral” rating in a research note on Thursday, January 11th. Finally, Truist Financial upped their price objective on shares of Boise Cascade from $156.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $125.00.

Insider Activity at Boise Cascade

In other news, EVP Dean Michael Brown sold 11,117 shares of the business’s 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 transaction, the executive vice president now directly owns 40,237 shares in the company, valued at approximately $5,596,564.33. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.05% of the stock is currently owned by insiders.

Boise Cascade Stock Performance

Shares of Boise Cascade stock opened at $130.67 on Wednesday. Boise Cascade has a 12 month low of $70.66 and a 12 month high of $154.67. 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 market cap of $5.17 billion, a PE ratio of 10.78 and a beta of 1.64. The business has a fifty day simple moving average of $140.32 and a 200-day simple moving average of $128.04.

Boise Cascade (NYSE:BCC) last announced its quarterly earnings data on Monday, May 6th. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.31. Boise Cascade had a return on equity of 21.94% and a net margin of 7.07%. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the prior year, the business earned $2.43 EPS. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, sell-side analysts anticipate that Boise Cascade will post 11.44 EPS for the current fiscal year.

Boise Cascade Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.61%. The ex-dividend date is Monday, June 3rd. Boise Cascade’s dividend payout ratio is currently 6.60%.

Boise Cascade 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.