Cinctive Capital Management LP Makes New $4.21 Million Investment in Boise Cascade, L.L.C. $BCC

Cinctive Capital Management LP purchased a new position in shares of Boise Cascade, L.L.C. (NYSE:BCC) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 54,498 shares of the construction company’s stock, valued at approximately $4,214,000. Cinctive Capital Management LP owned approximately 0.15% of Boise Cascade at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Salomon & Ludwin LLC purchased a new position in Boise Cascade during the 3rd quarter worth $28,000. Hantz Financial Services Inc. raised its stake in Boise Cascade by 1,071.4% in 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. iSAM Funds UK Ltd acquired a new stake in Boise Cascade in the third quarter worth about $44,000. CWM LLC boosted its holdings in Boise Cascade by 30.6% in the third quarter. CWM LLC now owns 747 shares of the construction company’s stock worth $58,000 after acquiring an additional 175 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Boise Cascade by 160.5% during the third quarter. Versant Capital Management Inc now owns 883 shares of the construction company’s stock worth $68,000 after acquiring an additional 544 shares during the last quarter. Hedge funds and other institutional investors own 96.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BCC. Weiss Ratings downgraded shares of Boise Cascade from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday. BMO Capital Markets reiterated an “outperform” rating on shares of Boise Cascade in a research note on Thursday, January 8th. DA Davidson reissued a “buy” rating and set a $95.00 target price on shares of Boise Cascade in a research report on Tuesday, February 24th. Wall Street Zen upgraded shares of Boise Cascade from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, The Goldman Sachs Group raised their price target on shares of Boise Cascade from $85.00 to $94.00 and gave the stock a “neutral” rating in a report on Wednesday, February 25th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Boise Cascade has a consensus rating of “Moderate Buy” and an average price target of $105.67.

Boise Cascade Stock Up 0.4%

Shares of BCC stock opened at $69.92 on Monday. Boise Cascade, L.L.C. has a fifty-two week low of $65.14 and a fifty-two week high of $103.44. The firm has a market capitalization of $2.50 billion, a PE ratio of 19.86, a P/E/G ratio of 0.96 and a beta of 1.26. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.74 and a current ratio of 3.36. The stock’s 50-day simple moving average is $82.23 and its 200-day simple moving average is $77.98.

Boise Cascade Announces Dividend

The firm 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 1.3%. The ex-dividend date is Monday, February 23rd. Boise Cascade’s payout ratio is presently 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.