First Trust Advisors LP Purchases 55,077 Shares of Boise Cascade (NYSE:BCC)

First Trust Advisors LP raised its position in Boise Cascade (NYSE:BCCFree Report) by 22.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 304,436 shares of the construction company’s stock after buying an additional 55,077 shares during the quarter. First Trust Advisors LP owned about 0.77% of Boise Cascade worth $39,382,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. USA Financial Formulas grew its holdings in shares of Boise Cascade by 5,050.0% during the 4th quarter. USA Financial Formulas now owns 206 shares of the construction company’s stock valued at $27,000 after purchasing an additional 202 shares during the last quarter. Principal Securities Inc. bought a new stake in shares of Boise Cascade during the 4th quarter valued at approximately $27,000. Global Retirement Partners LLC grew its holdings in shares of Boise Cascade by 1,147.1% during the 4th quarter. Global Retirement Partners LLC now owns 212 shares of the construction company’s stock valued at $28,000 after purchasing an additional 195 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Boise Cascade by 58.1% during the 4th quarter. Blue Trust Inc. now owns 544 shares of the construction company’s stock valued at $70,000 after purchasing an additional 200 shares during the last quarter. Finally, GAMMA Investing LLC bought a new stake in shares of Boise Cascade during the 4th quarter valued at approximately $80,000. 96.18% of the stock is owned by institutional investors.

Boise Cascade Stock Down 2.1 %

NYSE:BCC opened at $128.91 on Friday. The firm’s 50 day simple moving average is $139.14 and its 200 day simple moving average is $133.27. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.24 and a quick ratio of 2.05. Boise Cascade has a one year low of $77.01 and a one year high of $154.67. The company has a market cap of $5.09 billion, a PE ratio of 10.48 and a beta of 1.57.

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

Boise Cascade Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.62%. Boise Cascade’s dividend payout ratio (DPR) is currently 6.50%.

Insider Transactions at Boise Cascade

In other news, EVP Jeffrey Robert Strom sold 2,500 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 43,353 shares in the company, valued at approximately $5,852,655. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Jill Twedt sold 1,852 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $135.00, for a total transaction of $250,020.00. Following the transaction, the senior vice president now owns 37,437 shares in the company, valued at approximately $5,053,995. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jeffrey Robert Strom sold 2,500 shares of the business’s stock in a transaction on 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 owns 43,353 shares in the company, valued at approximately $5,852,655. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,352 shares of company stock worth $587,520. Company insiders own 0.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BCC. StockNews.com raised shares of Boise Cascade from a “hold” rating to a “buy” rating in a report on Tuesday, May 7th. Truist Financial lifted their target price on shares of Boise Cascade from $156.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Boise Cascade has a consensus rating of “Hold” and an average price target of $131.75.

View Our Latest Stock Analysis on Boise Cascade

Boise Cascade Profile

(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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