Blue Trust Inc. Purchases 444 Shares of Boise Cascade, L.L.C. (NYSE:BCC)

Blue Trust Inc. grew its position in shares of Boise Cascade, L.L.C. (NYSE:BCC) by 93.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 918 shares of the construction company’s stock after buying an additional 444 shares during the quarter. Blue Trust Inc.’s holdings in Boise Cascade were worth $90,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Vise Technologies Inc. lifted its position in shares of Boise Cascade by 3.4% during the 4th quarter. Vise Technologies Inc. now owns 3,021 shares of the construction company’s stock worth $359,000 after buying an additional 100 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in shares of Boise Cascade by 1.7% in the 1st quarter. SummerHaven Investment Management LLC now owns 6,708 shares of the construction company’s stock worth $658,000 after purchasing an additional 114 shares during the period. D.A. Davidson & CO. raised its holdings in shares of Boise Cascade by 4.2% in the 4th quarter. D.A. Davidson & CO. now owns 3,267 shares of the construction company’s stock worth $388,000 after purchasing an additional 133 shares during the period. Principal Securities Inc. raised its holdings in shares of Boise Cascade by 44.2% in the 4th quarter. Principal Securities Inc. now owns 473 shares of the construction company’s stock worth $56,000 after purchasing an additional 145 shares during the period. Finally, Peak Financial Advisors LLC raised its holdings in shares of Boise Cascade by 4.8% in the 1st quarter. Peak Financial Advisors LLC now owns 3,624 shares of the construction company’s stock worth $355,000 after purchasing an additional 166 shares during the period. Institutional investors own 96.18% of the company’s stock.

Analyst Upgrades and Downgrades

BCC has been the topic of a number of research reports. Loop Capital lowered their price target on shares of Boise Cascade from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Truist Financial lowered their price target on shares of Boise Cascade from $134.00 to $118.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Boise Cascade has an average rating of “Hold” and a consensus target price of $125.00.

Boise Cascade Trading Down 1.4%

Shares of BCC stock opened at $87.68 on Thursday. The company’s fifty day simple moving average is $89.55 and its two-hundred day simple moving average is $105.45. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.82 and a quick ratio of 1.51. Boise Cascade, L.L.C. has a 1 year low of $83.60 and a 1 year high of $155.42. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of 10.95, a PEG ratio of 3.86 and a beta of 1.36.

Boise Cascade (NYSE:BCC) last issued its earnings results on Monday, May 5th. The construction company reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.30). The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. Boise Cascade had a net margin of 4.72% and a return on equity of 14.36%. The company’s revenue was down 6.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.61 EPS. As a group, analysts anticipate that Boise Cascade, L.L.C. will post 10.15 earnings per share for the current year.

Boise Cascade Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Monday, June 2nd were issued a $0.21 dividend. The ex-dividend date was Monday, June 2nd. This represents a $0.84 annualized dividend and a dividend yield of 0.96%. Boise Cascade’s payout ratio is currently 10.49%.

Insider Transactions at Boise Cascade

In other news, EVP Joanna L. Barney sold 1,000 shares of the company’s stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $87.68, for a total value of $87,680.00. Following the transaction, the executive vice president now owns 12,372 shares of the company’s stock, valued at approximately $1,084,776.96. This represents a 7.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Jill Twedt sold 1,200 shares of the company’s stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $88.01, for a total transaction of $105,612.00. Following the completion of the transaction, the senior vice president now owns 34,649 shares of the company’s stock, valued at $3,049,458.49. This trade represents a 3.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.98% of the company’s stock.

Boise Cascade 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.