Boise Cascade (NYSE:BCC) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lifted its holdings in Boise Cascade (NYSE:BCCFree Report) by 1,809.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,659 shares of the construction company’s stock after acquiring an additional 11,996 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Boise Cascade were worth $1,638,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. USA Financial Formulas increased 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 in the last quarter. Principal Securities Inc. purchased a new position in Boise Cascade in the 4th quarter valued at about $27,000. Global Retirement Partners LLC increased its stake in Boise Cascade by 1,147.1% during the 4th quarter. Global Retirement Partners LLC now owns 212 shares of the construction company’s stock worth $28,000 after buying an additional 195 shares in the last quarter. Blue Trust Inc. increased its stake in Boise Cascade by 58.1% during the 4th quarter. Blue Trust Inc. now owns 544 shares of the construction company’s stock worth $70,000 after buying an additional 200 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new position in shares of Boise Cascade during the fourth quarter valued at approximately $80,000. Hedge funds and other institutional investors own 96.18% of the company’s stock.

Insider Activity at Boise Cascade

In related news, EVP Jeffrey Robert Strom sold 2,500 shares of Boise Cascade 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 completion of the transaction, the executive vice president now owns 43,353 shares in the company, valued at $5,852,655. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Boise Cascade news, SVP Jill Twedt sold 1,852 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $135.00, for a total transaction of $250,020.00. Following the sale, the senior vice president now owns 37,437 shares in the company, valued at approximately $5,053,995. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Jeffrey Robert Strom sold 2,500 shares of Boise Cascade stock in a transaction dated 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 4,352 shares of company stock worth $587,520 in the last three months. 0.98% of the stock is owned by company insiders.

Boise Cascade Price Performance

NYSE:BCC opened at $128.32 on Tuesday. The company has a market capitalization of $5.07 billion, a P/E ratio of 10.43 and a beta of 1.57. The company has a quick ratio of 2.05, a current ratio of 3.24 and a debt-to-equity ratio of 0.21. Boise Cascade has a 52 week low of $77.01 and a 52 week high of $154.67. The stock’s fifty day moving average is $138.65 and its two-hundred day moving average is $133.49.

Boise Cascade (NYSE:BCCGet Free Report) last announced its quarterly 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 net margin of 7.08% and a return on equity of 22.00%. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same period last year, the business earned $2.43 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. Equities analysts expect that Boise Cascade will post 10.84 EPS for the current year.

Boise Cascade Dividend Announcement

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 paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.62%. The ex-dividend date is Monday, June 3rd. Boise Cascade’s payout ratio is 6.50%.

Analyst Upgrades and Downgrades

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

View Our Latest Report on Boise Cascade

Boise Cascade Company 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.

Further Reading

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

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