Strs Ohio Makes New Investment in Boise Cascade, L.L.C. $BCC

Strs Ohio bought a new position in Boise Cascade, L.L.C. (NYSE:BCC) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 10,900 shares of the construction company’s stock, valued at approximately $1,069,000.

Other institutional investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its stake in Boise Cascade by 120.7% in the 1st 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 in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Boise Cascade by 338.5% during the 1st quarter. Farther Finance Advisors LLC now owns 478 shares of the construction company’s stock worth $47,000 after buying an additional 369 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Boise Cascade by 93.7% during the 1st quarter. Blue Trust Inc. now owns 918 shares of the construction company’s stock worth $90,000 after buying an additional 444 shares during the last quarter. Curat Global LLC acquired a new stake in shares of Boise Cascade during the 1st quarter worth approximately $122,000. Finally, GAMMA Investing LLC increased its holdings in shares of Boise Cascade by 60.6% during the 1st quarter. GAMMA Investing LLC now owns 1,458 shares of the construction company’s stock worth $143,000 after buying an additional 550 shares during the last quarter. 96.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BCC shares. Truist Financial cut their price target on shares of Boise Cascade from $101.00 to $96.00 and set a “buy” rating for the company in a report on Wednesday. BMO Capital Markets restated a “market perform” rating and set a $100.00 price target on shares of Boise Cascade in a report on Tuesday. DA Davidson cut their price target on shares of Boise Cascade from $115.00 to $100.00 and set a “buy” rating for the company in a report on Friday, July 18th. Finally, Bank of America cut their price target on shares of Boise Cascade from $111.00 to $107.00 and set a “buy” rating for the company in a report on Wednesday, July 9th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $110.67.

Insider Transactions at Boise Cascade

In other news, SVP Jill Twedt sold 1,782 shares of Boise Cascade stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $83.97, for a total transaction of $149,634.54. Following the completion of the sale, the senior vice president directly owned 32,867 shares of the company’s stock, valued at approximately $2,759,841.99. The trade was a 5.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey Robert Strom sold 1,000 shares of Boise Cascade stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $91.06, for a total transaction of $91,060.00. Following the sale, the chief operating officer directly owned 37,026 shares of the company’s stock, valued at approximately $3,371,587.56. This trade represents a 2.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 4,815 shares of company stock valued at $409,637. Insiders own 0.98% of the company’s stock.

Boise Cascade Stock Performance

NYSE:BCC opened at $81.58 on Friday. The company has a fifty day simple moving average of $85.98 and a two-hundred day simple moving average of $90.37. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 11.98, a price-to-earnings-growth ratio of 4.79 and a beta of 1.33. The company has a quick ratio of 1.54, a current ratio of 2.96 and a debt-to-equity ratio of 0.21. Boise Cascade, L.L.C. has a 52 week low of $80.01 and a 52 week high of $155.42.

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

Boise Cascade Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.1%. This is a positive change from Boise Cascade’s previous quarterly dividend of $0.21. The ex-dividend date was Tuesday, September 2nd. Boise Cascade’s payout ratio is presently 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.