Boise Cascade, L.L.C. $BCC Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio grew its stake in shares of Boise Cascade, L.L.C. (NYSE:BCC) by 12.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 39,811 shares of the construction company’s stock after buying an additional 4,414 shares during the period. Public Employees Retirement System of Ohio owned 0.11% of Boise Cascade worth $3,456,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Wedge Capital Management L L P NC grew its stake in shares of Boise Cascade by 12.8% during the 2nd quarter. Wedge Capital Management L L P NC now owns 132,641 shares of the construction company’s stock valued at $11,516,000 after buying an additional 15,003 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Boise Cascade by 27.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 30,165 shares of the construction company’s stock valued at $2,619,000 after buying an additional 6,466 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of Boise Cascade by 8.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 13,225 shares of the construction company’s stock valued at $1,148,000 after buying an additional 1,054 shares during the period. Strs Ohio purchased a new stake in shares of Boise Cascade during the 1st quarter valued at $1,069,000. Finally, Intech Investment Management LLC grew its stake in shares of Boise Cascade by 13.4% during the 1st quarter. Intech Investment Management LLC now owns 41,941 shares of the construction company’s stock valued at $4,114,000 after buying an additional 4,963 shares during the period. 96.18% of the stock is owned by hedge funds and other institutional investors.

Boise Cascade Stock Performance

Shares of BCC stock opened at $77.23 on Wednesday. Boise Cascade, L.L.C. has a 12 month low of $75.94 and a 12 month high of $155.42. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.96 and a quick ratio of 1.54. The firm has a market capitalization of $2.88 billion, a P/E ratio of 11.34, a P/E/G ratio of 5.21 and a beta of 1.33. The company’s fifty day moving average price is $84.55 and its two-hundred day moving average price is $89.12.

Boise Cascade (NYSE:BCC) last issued its quarterly earnings data on Monday, August 4th. The construction company reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.05). Boise Cascade had a return on equity of 12.26% and a net margin of 4.00%.The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the prior year, the firm earned $2.84 EPS. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, research 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd were issued a $0.22 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 1.1%. This is an increase from Boise Cascade’s previous quarterly dividend of $0.21. Boise Cascade’s dividend payout ratio (DPR) is presently 12.92%.

Insiders Place Their Bets

In other Boise Cascade news, SVP Jill Twedt sold 1,782 shares of the business’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $83.97, for a total value of $149,634.54. Following the transaction, the senior vice president owned 32,867 shares in the company, valued at $2,759,841.99. The trade was a 5.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Troy Little sold 2,033 shares of the business’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $83.10, for a total transaction of $168,942.30. Following the completion of 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. Insiders have sold 4,815 shares of company stock worth $409,637 in the last quarter. 1.11% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on BCC shares. BMO Capital Markets reissued a “market perform” rating and set a $100.00 price objective on shares of Boise Cascade in a research note on Tuesday, September 16th. Truist Financial decreased their price target on shares of Boise Cascade from $101.00 to $96.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. Bank of America decreased their price target on shares of Boise Cascade from $111.00 to $107.00 and set a “buy” rating for the company in a research report on Wednesday, July 9th. Finally, DA Davidson decreased their price target on shares of Boise Cascade from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, July 18th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $110.67.

About Boise Cascade

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.