Capital Fund Management S.A. Acquires New Position in Boise Cascade, L.L.C. $BCC

Capital Fund Management S.A. acquired a new stake in Boise Cascade, L.L.C. (NYSE:BCC) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 26,979 shares of the construction company’s stock, valued at approximately $2,342,000. Capital Fund Management S.A. owned 0.07% of Boise Cascade as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. US Bancorp DE increased its stake in shares of Boise Cascade by 8.6% in the first quarter. US Bancorp DE now owns 5,736 shares of the construction company’s stock worth $563,000 after acquiring an additional 453 shares during the last quarter. Jefferies Financial Group Inc. acquired a new stake in Boise Cascade during the first quarter valued at $817,000. PNC Financial Services Group Inc. grew its stake in Boise Cascade by 9.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,817 shares of the construction company’s stock valued at $276,000 after purchasing an additional 251 shares in the last quarter. New Age Alpha Advisors LLC increased its position in Boise Cascade by 31.8% in the 1st quarter. New Age Alpha Advisors LLC now owns 5,542 shares of the construction company’s stock worth $544,000 after purchasing an additional 1,337 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Boise Cascade by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 4,422,544 shares of the construction company’s stock worth $433,807,000 after purchasing an additional 70,231 shares in the last quarter. Institutional investors and hedge funds own 96.18% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on BCC. BMO Capital Markets raised Boise Cascade from a “market perform” rating to an “outperform” rating and set a $100.00 price target for the company in a research note on Wednesday, November 5th. DA Davidson reissued a “buy” rating and issued a $95.00 target price on shares of Boise Cascade in a research report on Thursday, November 20th. Wall Street Zen lowered shares of Boise Cascade from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. The Goldman Sachs Group reduced their price objective on shares of Boise Cascade from $96.00 to $82.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. Finally, Truist Financial decreased their price objective on shares of Boise Cascade from $101.00 to $96.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $102.50.

Boise Cascade Price Performance

Shares of Boise Cascade stock opened at $76.61 on Thursday. The company has a current ratio of 3.10, a quick ratio of 1.69 and a debt-to-equity ratio of 0.22. The firm has a fifty day simple moving average of $72.61 and a 200-day simple moving average of $81.75. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 6.22 and a beta of 1.27. Boise Cascade, L.L.C. has a 1-year low of $65.14 and a 1-year high of $147.48.

Boise Cascade (NYSE:BCC) last announced its earnings results on Monday, November 3rd. The construction company reported $0.58 EPS for the quarter, hitting the consensus estimate of $0.58. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.64 billion. Boise Cascade had a net margin of 2.96% and a return on equity of 9.00%. The business’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.33 EPS. On average, sell-side analysts expect 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 disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Monday, December 1st will be paid a $0.22 dividend. The ex-dividend date is Monday, December 1st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.1%. Boise Cascade’s payout ratio is presently 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.