Dimensional Fund Advisors LP Buys 58,131 Shares of Boise Cascade, L.L.C. $BCC

Dimensional Fund Advisors LP lifted its position in Boise Cascade, L.L.C. (NYSE:BCC) by 2.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,280,347 shares of the construction company’s stock after purchasing an additional 58,131 shares during the period. Dimensional Fund Advisors LP owned 6.16% of Boise Cascade worth $176,313,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cerity Partners LLC raised its position in Boise Cascade by 3.8% during 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 in the last quarter. Raymond James Financial Inc. grew its position in shares of Boise Cascade by 1.0% during the 2nd 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 in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Boise Cascade by 6.2% during 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 during the period. CWM LLC raised its holdings 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 acquiring an additional 175 shares in the last quarter. Finally, Evergreen Capital Management LLC raised its holdings in shares of Boise Cascade by 3.4% in the third quarter. Evergreen Capital Management LLC now owns 6,776 shares of the construction company’s stock valued at $524,000 after acquiring an additional 224 shares in the last quarter. Institutional investors own 96.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on BCC shares. Weiss Ratings upgraded shares of Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 28th. Truist Financial upped their price target on shares of Boise Cascade from $92.00 to $103.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Wall Street Zen upgraded shares of Boise Cascade from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. The Goldman Sachs Group lifted their price objective on shares of Boise Cascade from $85.00 to $94.00 and gave the company a “neutral” rating in a report on Wednesday, February 25th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Boise Cascade in a research note on Thursday, January 8th. Five investment 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, the stock has an average rating of “Moderate Buy” and an average price target of $105.67.

Boise Cascade Stock Performance

BCC opened at $74.62 on Tuesday. The firm’s fifty day simple moving average is $82.45 and its two-hundred day simple moving average is $78.50. Boise Cascade, L.L.C. has a 52-week low of $65.14 and a 52-week high of $103.44. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 1.03 and a beta of 1.26. 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 will be paid on Wednesday, March 18th. Shareholders of record on Monday, February 23rd will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, February 23rd. Boise Cascade’s payout ratio is 25.00%.

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.