Amalgamated Bank Has $1.08 Million Stock Position in Boise Cascade, L.L.C. (NYSE:BCC)

Amalgamated Bank cut its stake in Boise Cascade, L.L.C. (NYSE:BCC) by 2.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,965 shares of the construction company’s stock after selling 298 shares during the period. Amalgamated Bank’s holdings in Boise Cascade were worth $1,076,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quarry LP lifted its position in shares of Boise Cascade by 502.4% in the 4th quarter. Quarry LP now owns 253 shares of the construction company’s stock worth $30,000 after purchasing an additional 211 shares during the period. Farther Finance Advisors LLC lifted its holdings in Boise Cascade by 338.5% in the first quarter. Farther Finance Advisors LLC now owns 478 shares of the construction company’s stock valued at $47,000 after buying an additional 369 shares during the period. Blue Trust Inc. lifted its holdings in Boise Cascade by 93.7% in the first quarter. Blue Trust Inc. now owns 918 shares of the construction company’s stock valued at $90,000 after buying an additional 444 shares during the period. Curat Global LLC bought a new stake in Boise Cascade during the first quarter valued at $122,000. Finally, GAMMA Investing LLC grew its holdings in Boise Cascade by 60.6% during the 1st quarter. GAMMA Investing LLC now owns 1,458 shares of the construction company’s stock worth $143,000 after acquiring an additional 550 shares during the period. Institutional investors and hedge funds own 96.18% of the company’s stock.

Boise Cascade Price Performance

Shares of NYSE BCC opened at $90.29 on Wednesday. The firm has a market capitalization of $3.40 billion, a P/E ratio of 11.27, a P/E/G ratio of 3.90 and a beta of 1.34. The firm’s 50-day moving average price is $88.96 and its 200-day moving average price is $102.48. The company has a current ratio of 2.82, a quick ratio of 1.51 and a debt-to-equity ratio of 0.22. Boise Cascade, L.L.C. has a 1-year low of $83.60 and a 1-year high of $155.42.

Boise Cascade (NYSE:BCC) last posted its quarterly earnings results on Monday, May 5th. The construction company reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.30). Boise Cascade had a return on equity of 14.36% and a net margin of 4.72%. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period last year, the company posted $2.61 earnings per share. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. Equities research analysts anticipate that Boise Cascade, L.L.C. will post 10.15 earnings per share for the current fiscal year.

Boise Cascade Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 2nd were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Monday, June 2nd. Boise Cascade’s dividend payout ratio is currently 10.49%.

Wall Street Analysts Forecast Growth

BCC has been the topic of a number of recent analyst reports. Truist Financial dropped their price objective on Boise Cascade from $114.00 to $106.00 and set a “buy” rating on the stock in a research note on Tuesday. Loop Capital lowered their target price on Boise Cascade from $140.00 to $135.00 and set a “buy” rating for the company in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $123.00.

Insider Buying and Selling at Boise Cascade

In other news, SVP Jill Twedt sold 1,200 shares of Boise Cascade stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $88.01, for a total transaction of $105,612.00. Following the completion of the transaction, the senior vice president directly owned 34,649 shares in the company, valued at $3,049,458.49. This trade represents a 3.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Joanna L. Barney sold 1,000 shares of the company’s stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $87.68, for a total transaction of $87,680.00. Following the completion of the sale, the executive vice president owned 12,372 shares in the company, valued at $1,084,776.96. This represents a 7.48% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.11% of the company’s stock.

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.