Nisa Investment Advisors LLC Purchases 3,660 Shares of Boise Cascade (NYSE:BCC)

Nisa Investment Advisors LLC boosted its position in shares of Boise Cascade (NYSE:BCC) by 81.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,135 shares of the construction company’s stock after purchasing an additional 3,660 shares during the period. Nisa Investment Advisors LLC’s holdings in Boise Cascade were worth $1,052,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Global Retirement Partners LLC boosted its position in shares of Boise Cascade by 1,147.1% during the fourth 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 during the period. Hexagon Capital Partners LLC boosted its holdings in Boise Cascade by 76.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 433 shares of the construction company’s stock valued at $45,000 after acquiring an additional 187 shares during the period. Neo Ivy Capital Management bought a new position in Boise Cascade in the 2nd quarter valued at $25,000. Penserra Capital Management LLC bought a new position in Boise Cascade in the 3rd quarter valued at $52,000. Finally, Blue Trust Inc. increased its stake in Boise Cascade by 58.1% in the fourth quarter. Blue Trust Inc. now owns 544 shares of the construction company’s stock worth $70,000 after purchasing an additional 200 shares during the period. 96.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BCC. Truist Financial boosted their target price 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. StockNews.com cut shares of Boise Cascade from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Finally, The Goldman Sachs Group raised their target price 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $125.00.

Insider Transactions at Boise Cascade

In related news, EVP Dean Michael Brown sold 11,117 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $139.09, for a total transaction of $1,546,263.53. Following the completion of 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 at the SEC website. Corporate insiders own 1.05% of the company’s stock.

Boise Cascade Stock Performance

BCC stock opened at $149.00 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.46 and a quick ratio of 2.26. Boise Cascade has a 1-year low of $64.39 and a 1-year high of $154.67. The business has a 50-day moving average price of $140.18 and a 200 day moving average price of $123.66. The company has a market capitalization of $5.89 billion, a P/E ratio of 12.29 and a beta of 1.60.

Boise Cascade (NYSE:BCC) last announced its quarterly earnings results 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). The business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Boise Cascade had a return on equity of 21.94% and a net margin of 7.07%. Boise Cascade’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.95 EPS. As a group, equities research analysts forecast that Boise Cascade will post 11.58 EPS for the current fiscal year.

Boise Cascade Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were issued a $0.20 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.54%. Boise Cascade’s dividend payout ratio is presently 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.