Acadian Asset Management LLC Has $51.67 Million Holdings in Boise Cascade, L.L.C. $BCC

Acadian Asset Management LLC trimmed its holdings in Boise Cascade, L.L.C. (NYSE:BCC) by 16.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 595,203 shares of the construction company’s stock after selling 115,346 shares during the period. Acadian Asset Management LLC owned about 1.59% of Boise Cascade worth $51,665,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Caxton Associates LLP acquired a new position in shares of Boise Cascade in the 1st quarter valued at approximately $1,402,000. Intech Investment Management LLC lifted its stake in Boise Cascade by 13.4% in the first 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 in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Boise Cascade by 12.5% in the second quarter. Public Employees Retirement System of Ohio now owns 39,811 shares of the construction company’s stock valued at $3,456,000 after buying an additional 4,414 shares during the period. Strs Ohio acquired a new position in shares of Boise Cascade in the first quarter valued at approximately $1,069,000. Finally, Wedge Capital Management L L P NC increased its position in shares of Boise Cascade by 12.8% during the second quarter. Wedge Capital Management L L P NC now owns 132,641 shares of the construction company’s stock worth $11,516,000 after acquiring an additional 15,003 shares in the last quarter. 96.18% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BCC has been the topic of several research reports. Weiss Ratings cut shares of Boise Cascade from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. Truist Financial dropped their price target on Boise Cascade from $101.00 to $96.00 and set a “buy” rating on the stock in a research note on Wednesday, September 17th. Wall Street Zen lowered Boise Cascade from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. The Goldman Sachs Group reduced their price objective on Boise Cascade from $96.00 to $82.00 and set a “neutral” rating for the company in a research report on Monday, October 13th. Finally, BMO Capital Markets raised Boise Cascade from a “market perform” rating to an “outperform” rating and set a $100.00 target price on the stock in a research report on Wednesday. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $102.50.

Insider Transactions at Boise Cascade

In other Boise Cascade news, COO Jeffrey Robert Strom sold 1,000 shares of the firm’s 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 completion of the sale, the chief operating officer owned 37,026 shares of the company’s stock, valued at $3,371,587.56. This trade represents a 2.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.11% of the stock is owned by corporate insiders.

Boise Cascade Stock Performance

Shares of BCC opened at $70.54 on Monday. The company has a market cap of $2.61 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of 5.84 and a beta of 1.27. The firm has a 50-day moving average of $77.09 and a 200-day moving average of $84.30. Boise Cascade, L.L.C. has a one year low of $65.62 and a one year high of $155.42. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.10 and a quick ratio of 1.69.

Boise Cascade (NYSE:BCC) last announced its quarterly earnings results on Monday, November 3rd. The construction company reported $0.58 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.58. Boise Cascade had a return on equity of 9.00% and a net margin of 2.96%.The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the business earned $2.33 earnings per share. The business’s revenue was down 2.7% compared to the same quarter last year. As a group, equities analysts forecast that Boise Cascade, L.L.C. will post 10.15 earnings per share for the current year.

Boise Cascade Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Monday, December 1st will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Monday, December 1st. Boise Cascade’s dividend payout ratio is 17.39%.

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.