D.A. Davidson & CO. Purchases 155 Shares of Boise Cascade (NYSE:BCC)

D.A. Davidson & CO. raised its position in shares of Boise Cascade (NYSE:BCCFree Report) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,610 shares of the construction company’s stock after acquiring an additional 155 shares during the quarter. D.A. Davidson & CO.’s holdings in Boise Cascade were worth $726,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. QRG Capital Management Inc. bought a new stake in shares of Boise Cascade in the 3rd quarter valued at $2,682,000. Leuthold Group LLC increased its stake in Boise Cascade by 10.0% in the fourth quarter. Leuthold Group LLC now owns 25,252 shares of the construction company’s stock valued at $3,267,000 after purchasing an additional 2,299 shares in the last quarter. Jackson Creek Investment Advisors LLC acquired a new position in shares of Boise Cascade during the fourth quarter valued at about $1,200,000. DekaBank Deutsche Girozentrale boosted its position in shares of Boise Cascade by 54.2% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 58,919 shares of the construction company’s stock worth $7,596,000 after purchasing an additional 20,712 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Boise Cascade by 30.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 33,989 shares of the construction company’s stock worth $4,397,000 after purchasing an additional 7,992 shares in the last quarter. Institutional investors own 96.18% of the company’s stock.

Boise Cascade Price Performance

Shares of NYSE BCC opened at $135.95 on Wednesday. The stock has a market cap of $5.37 billion, a price-to-earnings ratio of 11.05 and a beta of 1.64. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.05 and a current ratio of 3.24. Boise Cascade has a fifty-two week low of $71.50 and a fifty-two week high of $154.67. The firm’s 50-day simple moving average is $141.97 and its 200 day simple moving average is $132.19.

Boise Cascade (NYSE:BCCGet Free Report) last posted its earnings results on Monday, May 6th. The construction company reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.31. Boise Cascade had a return on equity of 22.00% and a net margin of 7.08%. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter last year, the company earned $2.43 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, research analysts anticipate that Boise Cascade will post 10.84 earnings per share for the current fiscal year.

Boise Cascade Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Monday, June 3rd. Boise Cascade’s dividend payout ratio is 6.50%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. StockNews.com raised Boise Cascade from a “hold” rating to a “buy” rating in a research note on Tuesday, May 7th. Truist Financial upped their target price on Boise Cascade from $156.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. One investment 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. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $125.00.

Check Out Our Latest Analysis on Boise Cascade

Insider Transactions at Boise Cascade

In related news, EVP Jeffrey Robert Strom sold 2,500 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $135.00, for a total transaction of $337,500.00. Following the transaction, the executive vice president now directly owns 43,353 shares of the company’s stock, valued at $5,852,655. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Boise Cascade news, EVP Dean Michael Brown sold 11,117 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $139.09, for a total value of $1,546,263.53. Following the transaction, the executive vice president now owns 40,237 shares of the company’s stock, valued at $5,596,564.33. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Jeffrey Robert Strom sold 2,500 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $135.00, for a total value of $337,500.00. Following the completion of the transaction, the executive vice president now owns 43,353 shares of the company’s stock, valued at approximately $5,852,655. The disclosure for this sale can be found here. Insiders sold a total of 15,469 shares of company stock worth $2,133,784 in the last quarter. 1.05% of the stock is currently owned by corporate insiders.

About Boise Cascade

(Free Report)

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.

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Institutional Ownership by Quarter for Boise Cascade (NYSE:BCC)

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