Vontobel Holding Ltd. Takes $291,000 Position in Boise Cascade (NYSE:BCC)

Vontobel Holding Ltd. acquired a new stake in shares of Boise Cascade (NYSE:BCC) during the 4th quarter, Holdings Channel.com reports. The firm acquired 2,250 shares of the construction company’s stock, valued at approximately $291,000.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings 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 lifted its holdings in shares of Boise Cascade by 13.8% during the 3rd quarter. Acadian Asset Management LLC now owns 1,473,620 shares of the construction company’s stock valued at $151,820,000 after purchasing an additional 178,439 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Boise Cascade by 45.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,349,170 shares of the construction company’s stock valued at $139,018,000 after purchasing an additional 418,891 shares in the last quarter. Pacer Advisors Inc. lifted its holdings 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 purchasing an additional 409,906 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings 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 valued at $72,262,000 after purchasing an additional 87,411 shares in the last quarter. Institutional investors own 96.18% of the company’s stock.

Boise Cascade Stock Up 4.6 %

NYSE:BCC opened at $139.14 on Wednesday. The firm has a market capitalization of $5.50 billion, a price-to-earnings ratio of 11.48 and a beta of 1.60. Boise Cascade has a twelve month low of $64.39 and a twelve month high of $154.67. The stock’s 50 day moving average price is $139.96 and its two-hundred day moving average price is $124.88. 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 (NYSE:BCC) last posted 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 company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.64 billion. Boise Cascade had a return on equity of 21.94% and a net margin of 7.07%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the firm earned $2.95 EPS. Equities research analysts expect that Boise Cascade will post 11.5 earnings per share for the current fiscal year.

Boise Cascade Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders 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 0.57%. The ex-dividend date of this dividend was Thursday, February 22nd. Boise Cascade’s dividend payout ratio (DPR) is 6.60%.

Analysts Set New Price Targets

Several equities research analysts have commented on BCC shares. Truist Financial boosted their target price on Boise Cascade from $156.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. The Goldman Sachs Group boosted their target price on Boise Cascade from $114.00 to $129.00 and gave the company a “neutral” rating in a research note on Thursday, January 11th. Finally, StockNews.com cut Boise Cascade from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. One research 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. According to MarketBeat, Boise Cascade currently has an average rating of “Hold” and a consensus price target of $125.00.

Insiders Place Their Bets

In related news, EVP Dean Michael Brown sold 11,117 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 40,237 shares of the company’s stock, valued at approximately $5,596,564.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.98% 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.