Assetmark Inc. Sells 8,267 Shares of Boise Cascade, L.L.C. $BCC

Assetmark Inc. decreased its holdings in shares of Boise Cascade, L.L.C. (NYSE:BCC) by 11.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 62,742 shares of the construction company’s stock after selling 8,267 shares during the quarter. Assetmark Inc. owned 0.17% of Boise Cascade worth $4,618,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of BCC. Salomon & Ludwin LLC bought a new position in shares of Boise Cascade during the third quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Boise Cascade by 231.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 371 shares of the construction company’s stock valued at $29,000 after buying an additional 259 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of Boise Cascade by 1,071.4% during the third quarter. Hantz Financial Services Inc. now owns 492 shares of the construction company’s stock valued at $38,000 after buying an additional 450 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Boise Cascade during the third quarter valued at approximately $38,000. Finally, Signaturefd LLC grew its stake in shares of Boise Cascade by 5,866.7% during the fourth quarter. Signaturefd LLC now owns 537 shares of the construction company’s stock valued at $40,000 after buying an additional 528 shares during the last quarter. Institutional investors own 96.18% of the company’s stock.

Boise Cascade Trading Up 5.1%

BCC opened at $82.84 on Friday. The stock’s fifty day moving average is $78.44 and its two-hundred day moving average is $76.68. The company has a market capitalization of $2.97 billion, a P/E ratio of 23.53, a PEG ratio of 1.11 and a beta of 1.23. Boise Cascade, L.L.C. has a 52 week low of $65.14 and a 52 week high of $98.20. The company has a quick ratio of 1.74, a current ratio of 3.36 and a debt-to-equity ratio of 0.22.

Boise Cascade Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Monday, February 23rd were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.1%. The ex-dividend date was Monday, February 23rd. Boise Cascade’s dividend payout ratio (DPR) is presently 25.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BCC shares. DA Davidson reaffirmed a “buy” rating and set a $95.00 target price on shares of Boise Cascade in a research note on Tuesday, February 24th. Wall Street Zen upgraded Boise Cascade from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Weiss Ratings upgraded Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 30th. The Goldman Sachs Group raised 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. Finally, Truist Financial reduced their price objective on Boise Cascade from $103.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.20.

About Boise Cascade

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.