SG Americas Securities LLC Has $2.57 Million Position in Boise Cascade, L.L.C. $BCC

SG Americas Securities LLC boosted its stake in shares of Boise Cascade, L.L.C. (NYSE:BCC) by 890.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,977 shares of the construction company’s stock after acquiring an additional 31,445 shares during the period. SG Americas Securities LLC owned 0.09% of Boise Cascade worth $2,574,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BCC. Cerity Partners LLC grew its position in Boise Cascade by 3.8% in the 2nd quarter. Cerity Partners LLC now owns 3,274 shares of the construction company’s stock valued at $284,000 after purchasing an additional 121 shares during the period. Raymond James Financial Inc. raised its holdings in Boise Cascade by 1.0% during the second quarter. Raymond James Financial Inc. now owns 13,219 shares of the construction company’s stock worth $1,148,000 after buying an additional 126 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Boise Cascade by 6.2% in the third quarter. PNC Financial Services Group Inc. now owns 2,726 shares of the construction company’s stock valued at $211,000 after buying an additional 158 shares in the last quarter. CWM LLC lifted its stake in shares of Boise Cascade by 30.6% in the third quarter. CWM LLC now owns 747 shares of the construction company’s stock valued at $58,000 after buying an additional 175 shares in the last quarter. Finally, Evergreen Capital Management LLC grew its holdings in shares of Boise Cascade by 3.4% during the third quarter. Evergreen Capital Management LLC now owns 6,776 shares of the construction company’s stock valued at $524,000 after buying an additional 224 shares during the last quarter. 96.18% of the stock is owned by institutional investors and hedge funds.

Boise Cascade Price Performance

Shares of NYSE BCC opened at $73.13 on Friday. The company has a market capitalization of $2.62 billion, a PE ratio of 20.78, a PEG ratio of 1.05 and a beta of 1.23. The company has a quick ratio of 1.74, a current ratio of 3.36 and a debt-to-equity ratio of 0.22. The stock’s 50 day moving average price is $79.47 and its 200-day moving average price is $76.67. Boise Cascade, L.L.C. has a twelve month low of $65.14 and a twelve month high of $100.21.

Boise Cascade Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Monday, February 23rd were 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 was Monday, February 23rd. Boise Cascade’s dividend payout ratio is 25.00%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. DA Davidson restated a “buy” rating and issued a $95.00 target price on shares of Boise Cascade in a report on Tuesday, February 24th. The Goldman Sachs Group boosted their price objective on Boise Cascade from $85.00 to $94.00 and gave the stock a “neutral” rating in a report on Wednesday, February 25th. BMO Capital Markets restated an “outperform” rating on shares of Boise Cascade in a report on Thursday, January 8th. Wall Street Zen upgraded Boise Cascade from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Truist Financial increased their price target on Boise Cascade from $92.00 to $103.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.67.

Boise Cascade Profile

Boise Cascade Company operates as a leading manufacturer and distributor of wood products and building materials in North America. The company’s operations are organized into two primary segments: wood products manufacturing and building materials distribution. In its manufacturing segment, Boise Cascade produces a wide array of engineered wood products, including plywood, oriented strand board (OSB), lumber, particleboard and laminated veneer lumber (LVL), serving residential, commercial and industrial customers.

In its distribution segment, Boise Cascade sources and delivers building materials through an extensive network of distribution centers, servicing professional builders, remodelers, contractors and industrial customers.