Amundi Sells 5,195 Shares of Boise Cascade, L.L.C. $BCC

Amundi decreased its holdings in Boise Cascade, L.L.C. (NYSE:BCC) by 23.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,906 shares of the construction company’s stock after selling 5,195 shares during the quarter. Amundi’s holdings in Boise Cascade were worth $1,604,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BCC. Northwestern Mutual Wealth Management Co. grew its stake in shares of Boise Cascade by 120.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 406 shares of the construction company’s stock worth $40,000 after purchasing an additional 222 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Boise Cascade by 338.5% in the first quarter. Farther Finance Advisors LLC now owns 478 shares of the construction company’s stock worth $47,000 after purchasing an additional 369 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Boise Cascade by 93.7% in the first quarter. Blue Trust Inc. now owns 918 shares of the construction company’s stock worth $90,000 after purchasing an additional 444 shares during the last quarter. Curat Global LLC bought a new stake in shares of Boise Cascade in the first quarter worth $122,000. Finally, GAMMA Investing LLC grew its stake in shares of Boise Cascade by 60.6% in the first quarter. GAMMA Investing LLC now owns 1,458 shares of the construction company’s stock worth $143,000 after purchasing an additional 550 shares during the last quarter. Institutional investors own 96.18% of the company’s stock.

Insider Activity

In other news, COO Jeffrey Robert Strom sold 1,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $91.06, for a total transaction of $91,060.00. Following the transaction, the chief operating officer owned 37,026 shares in the company, valued at approximately $3,371,587.56. This represents a 2.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Troy Little sold 2,033 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $83.10, for a total transaction of $168,942.30. Following the transaction, the executive vice president owned 12,701 shares in the company, valued at $1,055,453.10. This represents a 13.80% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,815 shares of company stock worth $409,637. Company insiders own 0.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. DA Davidson reduced their price objective on shares of Boise Cascade from $115.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, July 18th. BMO Capital Markets cut their price target on shares of Boise Cascade from $114.00 to $108.00 and set a “market perform” rating on the stock in a research report on Thursday, August 7th. Truist Financial cut their price target on shares of Boise Cascade from $106.00 to $101.00 and set a “buy” rating on the stock in a research report on Thursday, August 7th. Finally, Bank of America cut their price target on shares of Boise Cascade from $111.00 to $107.00 and set a “buy” rating on the stock in a research report on Wednesday, July 9th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $112.83.

Boise Cascade Stock Performance

Shares of BCC opened at $85.73 on Friday. The firm’s fifty day simple moving average is $86.71 and its two-hundred day simple moving average is $90.94. Boise Cascade, L.L.C. has a 12 month low of $80.01 and a 12 month high of $155.42. The stock has a market capitalization of $3.20 billion, a P/E ratio of 12.59, a price-to-earnings-growth ratio of 5.30 and a beta of 1.33. The company has a current ratio of 2.96, a quick ratio of 1.54 and a debt-to-equity ratio of 0.21.

Boise Cascade (NYSE:BCC) last announced its quarterly earnings data on Monday, August 4th. The construction company reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.69 by ($0.05). Boise Cascade had a net margin of 4.00% and a return on equity of 12.26%. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the prior year, the company posted $2.84 EPS. Boise Cascade’s revenue for the quarter was down 3.2% on a year-over-year basis. As a group, analysts predict that Boise Cascade, L.L.C. will post 10.15 EPS for the current year.

Boise Cascade Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.22 per share. This is an increase from Boise Cascade’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Tuesday, September 2nd. Boise Cascade’s dividend payout ratio (DPR) is currently 12.92%.

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.