Alpha Windward LLC acquired a new stake in Boise Cascade Co (NYSE:BCC) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 11,640 shares of the construction company’s stock, valued at approximately $428,000.

Several other hedge funds and other institutional investors have also bought and sold shares of BCC. BlackRock Inc. raised its holdings in shares of Boise Cascade by 10.3% in the second quarter. BlackRock Inc. now owns 5,648,484 shares of the construction company’s stock valued at $252,488,000 after purchasing an additional 528,529 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of Boise Cascade by 52.6% in the second quarter. Acadian Asset Management LLC now owns 774,562 shares of the construction company’s stock valued at $34,622,000 after purchasing an additional 266,849 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Boise Cascade by 20.2% in the second quarter. Northern Trust Corp now owns 980,253 shares of the construction company’s stock valued at $43,818,000 after purchasing an additional 164,841 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Boise Cascade by 88.9% in the second quarter. Wells Fargo & Company MN now owns 308,151 shares of the construction company’s stock valued at $13,773,000 after purchasing an additional 145,060 shares during the last quarter. Finally, Macquarie Group Ltd. raised its holdings in shares of Boise Cascade by 11.7% in the second quarter. Macquarie Group Ltd. now owns 1,310,363 shares of the construction company’s stock valued at $58,574,000 after purchasing an additional 137,342 shares during the last quarter. Institutional investors own 95.80% of the company’s stock.

In related news, VP Kelly E. Hibbs sold 4,114 shares of the firm’s stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $44.30, for a total value of $182,250.20. Following the completion of the transaction, the vice president now directly owns 34,101 shares of the company’s stock, valued at $1,510,674.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Wayne M. Rancourt sold 9,872 shares of the firm’s stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $44.85, for a total transaction of $442,759.20. Following the completion of the transaction, the chief financial officer now directly owns 86,421 shares of the company’s stock, valued at $3,875,981.85. The disclosure for this sale can be found here. Insiders sold 35,472 shares of company stock valued at $1,567,444 over the last three months. 1.20% of the stock is owned by company insiders.

NYSE:BCC opened at $32.05 on Friday. Boise Cascade Co has a 1-year low of $31.73 and a 1-year high of $49.30. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.25 and a quick ratio of 1.15. The firm has a market capitalization of $1.43 billion, a P/E ratio of 16.78, a PEG ratio of 1.19 and a beta of 1.88.

Boise Cascade (NYSE:BCC) last released its earnings results on Monday, August 6th. The construction company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.19. Boise Cascade had a net margin of 2.64% and a return on equity of 18.66%. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the business earned $0.57 earnings per share. The firm’s revenue was up 23.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Boise Cascade Co will post 3.45 EPS for the current year.

A number of analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Boise Cascade from a “hold” rating to a “sell” rating in a report on Thursday. BMO Capital Markets reiterated a “hold” rating and issued a $41.00 price objective on shares of Boise Cascade in a report on Tuesday, July 17th. ValuEngine downgraded shares of Boise Cascade from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. Bank of America lowered their price objective on shares of Boise Cascade from $49.00 to $48.00 and set a “neutral” rating on the stock in a report on Tuesday, August 7th. Finally, Vertical Research upgraded shares of Boise Cascade from a “hold” rating to a “buy” rating in a report on Thursday, October 11th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $45.50.

Boise Cascade Company Profile

Boise Cascade Company manufactures wood products and distributes building materials in the United States and Canada. It operates in 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 lumber, studs, and particleboards.

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Institutional Ownership by Quarter for Boise Cascade (NYSE:BCC)

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