Boise Cascade (NYSE:BCC) Stake Decreased by Cwm LLC

Cwm LLC lowered its stake in Boise Cascade (NYSE:BCC) by 21.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 482 shares of the construction company’s stock after selling 132 shares during the quarter. Cwm LLC’s holdings in Boise Cascade were worth $62,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in BCC. Global Retirement Partners LLC grew its holdings in shares of Boise Cascade by 1,147.1% in the 4th quarter. Global Retirement Partners LLC now owns 212 shares of the construction company’s stock worth $28,000 after acquiring an additional 195 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Boise Cascade by 58.1% in the 4th quarter. Blue Trust Inc. now owns 544 shares of the construction company’s stock valued at $70,000 after acquiring an additional 200 shares in the last quarter. C M Bidwell & Associates Ltd. raised its position in shares of Boise Cascade by 4,706.9% in the third quarter. C M Bidwell & Associates Ltd. now owns 1,394 shares of the construction company’s stock valued at $144,000 after purchasing an additional 1,365 shares during the period. Sound View Wealth Advisors Group LLC bought a new position in Boise Cascade in the 3rd quarter worth $205,000. Finally, Highland Capital Management LLC bought a new position in shares of Boise Cascade in the fourth quarter worth about $213,000. 96.18% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Dean Michael Brown sold 11,117 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $139.09, for a total value of $1,546,263.53. Following the completion of the transaction, the executive vice president now owns 40,237 shares in the company, valued at $5,596,564.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.05% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on BCC shares. Truist Financial upped 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. The Goldman Sachs Group raised their target price on Boise Cascade from $114.00 to $129.00 and gave the stock a “neutral” rating in a research report on Thursday, January 11th. Finally, StockNews.com upgraded shares of Boise Cascade from a “hold” rating to a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $125.00.

Boise Cascade Stock Up 2.0 %

Shares of BCC opened at $133.23 on Thursday. The business’s fifty day moving average price is $140.31 and its two-hundred day moving average price is $128.08. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.26 and a current ratio of 3.46. The firm has a market capitalization of $5.27 billion, a price-to-earnings ratio of 10.83 and a beta of 1.64. Boise Cascade has a 52 week low of $71.50 and a 52 week high of $154.67.

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

Boise Cascade Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a $0.20 dividend. The ex-dividend date is Monday, June 3rd. This represents a $0.80 annualized dividend and a yield of 0.60%. Boise Cascade’s dividend payout ratio (DPR) is presently 6.50%.

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.