Boise Cascade, L.L.C. $BCC Shares Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D increased its stake in Boise Cascade, L.L.C. (NYSE:BCC) by 15.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,567 shares of the construction company’s stock after acquiring an additional 2,910 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.06% of Boise Cascade worth $1,872,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its position 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 acquiring an additional 222 shares during the last quarter. RMG Wealth Management LLC purchased a new position in Boise Cascade in the second quarter valued at approximately $42,000. Blue Trust Inc. raised its holdings in Boise Cascade by 28.6% in the second quarter. Blue Trust Inc. now owns 1,181 shares of the construction company’s stock valued at $103,000 after buying an additional 263 shares during the period. GAMMA Investing LLC raised its holdings in Boise Cascade by 60.6% in the first quarter. GAMMA Investing LLC now owns 1,458 shares of the construction company’s stock valued at $143,000 after buying an additional 550 shares during the period. Finally, Magnetar Financial LLC purchased a new position in Boise Cascade in the first quarter valued at approximately $206,000. 96.18% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Boise Cascade

In other news, EVP Troy Little sold 2,033 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $83.10, for a total transaction of $168,942.30. Following the completion of the sale, the executive vice president owned 12,701 shares of the company’s stock, valued at approximately $1,055,453.10. This trade represents a 13.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jeffrey Robert Strom sold 1,000 shares of the firm’s stock in a transaction that occurred 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 $3,371,587.56. The trade was a 2.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 4,815 shares of company stock valued at $409,637. 0.98% of the stock is currently owned by corporate insiders.

Boise Cascade Trading Up 1.9%

BCC opened at $70.48 on Friday. The firm has a market capitalization of $2.63 billion, a P/E ratio of 10.35, a P/E/G ratio of 5.51 and a beta of 1.27. The firm’s 50 day moving average is $78.89 and its 200-day moving average is $85.14. Boise Cascade, L.L.C. has a 52-week low of $69.11 and a 52-week high of $155.42. 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 (NYSE:BCC) last released its quarterly earnings results on Monday, August 4th. The construction company reported $1.64 earnings per share 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 company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period in the previous year, the business posted $2.84 EPS. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. Analysts expect that Boise Cascade, L.L.C. will post 10.15 EPS for the current fiscal year.

Boise Cascade Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Monday, December 1st will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.2%. Boise Cascade’s dividend payout ratio (DPR) is presently 12.92%.

Wall Street Analysts Forecast Growth

BCC has been the topic of several research reports. DA Davidson cut their price target on shares of Boise Cascade from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, October 24th. 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 report on Wednesday, July 9th. The Goldman Sachs Group cut their price target on shares of Boise Cascade from $96.00 to $82.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Weiss Ratings restated a “hold (c-)” rating on shares of Boise Cascade in a report on Wednesday, October 8th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $100.00 price target on shares of Boise Cascade in a report on Tuesday, September 16th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $102.50.

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.