Boise Cascade (NYSE:BCC) Shares Sold by UBS Group AG

UBS Group AG reduced its stake in shares of Boise Cascade (NYSE:BCCFree Report) by 4.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 88,161 shares of the construction company’s stock after selling 3,775 shares during the period. UBS Group AG owned 0.22% of Boise Cascade worth $11,405,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in BCC. QRG Capital Management Inc. acquired a new position in Boise Cascade during the third quarter worth $2,682,000. Leuthold Group LLC boosted its position in shares of Boise Cascade by 10.0% during the 4th quarter. Leuthold Group LLC now owns 25,252 shares of the construction company’s stock valued at $3,267,000 after acquiring an additional 2,299 shares during the last quarter. Jackson Creek Investment Advisors LLC purchased a new stake in shares of Boise Cascade in the fourth quarter valued at about $1,200,000. DekaBank Deutsche Girozentrale increased its position in Boise Cascade by 54.2% during the fourth 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 during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in Boise Cascade by 30.7% during the fourth 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 during the period. 96.18% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Boise Cascade

In other news, EVP Dean Michael Brown sold 11,117 shares of the firm’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 of the company’s stock, valued at $5,596,564.33. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, EVP Dean Michael Brown sold 11,117 shares of the 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 sale, the executive vice president now directly owns 40,237 shares in the company, valued at $5,596,564.33. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jeffrey Robert Strom sold 2,500 shares of Boise Cascade 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 $5,852,655. The disclosure for this sale can be found here. Insiders sold a total of 15,469 shares of company stock valued at $2,133,784 in the last three months. 0.98% of the stock is owned by corporate insiders.

Boise Cascade Price Performance

Boise Cascade stock opened at $137.29 on Friday. The company’s 50 day simple moving average is $141.12 and its 200-day simple moving average is $132.44. 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 1 year low of $71.50 and a 1 year high of $154.67. The company has a market capitalization of $5.42 billion, a price-to-earnings ratio of 11.16 and a beta of 1.64.

Boise Cascade (NYSE:BCCGet Free Report) last announced its earnings results on Monday, May 6th. The construction company reported $2.61 earnings per share (EPS) 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 in the previous year, the company earned $2.43 earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, equities research analysts expect that Boise Cascade will post 10.84 earnings per share for the current year.

Boise Cascade Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors 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 0.58%. The ex-dividend date of this dividend is Monday, June 3rd. Boise Cascade’s dividend payout ratio (DPR) is 6.50%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Truist Financial increased their price target 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 upgraded Boise Cascade from a “hold” rating to a “buy” rating in a report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $131.75.

View Our Latest Report on BCC

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.

Read More

Want to see what other hedge funds are holding BCC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boise Cascade (NYSE:BCCFree Report).

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

Receive News & Ratings for Boise Cascade Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boise Cascade and related companies with MarketBeat.com's FREE daily email newsletter.