Boise Cascade (NYSE:BCC) Shares Sold by Ethic Inc.

Ethic Inc. trimmed its position in Boise Cascade (NYSE:BCC) by 28.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,569 shares of the construction company’s stock after selling 1,009 shares during the period. Ethic Inc.’s holdings in Boise Cascade were worth $305,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. D.A. Davidson & CO. lifted its stake in shares of Boise Cascade by 4.2% in the 4th quarter. D.A. Davidson & CO. now owns 3,267 shares of the construction company’s stock worth $388,000 after acquiring an additional 133 shares during the period. Barclays PLC lifted its position in Boise Cascade by 174.1% in the third quarter. Barclays PLC now owns 90,366 shares of the construction company’s stock valued at $12,739,000 after purchasing an additional 57,403 shares during the period. Bank of New York Mellon Corp lifted its position in Boise Cascade by 3.0% in the fourth quarter. Bank of New York Mellon Corp now owns 446,350 shares of the construction company’s stock valued at $53,053,000 after purchasing an additional 12,963 shares during the period. Handelsbanken Fonder AB boosted its holdings in Boise Cascade by 19.4% in the 4th quarter. Handelsbanken Fonder AB now owns 8,000 shares of the construction company’s stock valued at $951,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in Boise Cascade by 2.6% during the 4th quarter. Principal Financial Group Inc. now owns 208,323 shares of the construction company’s stock worth $24,761,000 after purchasing an additional 5,281 shares during the period. 96.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Benchmark restated a “hold” rating on shares of Boise Cascade in a research note on Tuesday, February 25th. Truist Financial cut their price target on shares of Boise Cascade from $134.00 to $118.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. DA Davidson reduced their price objective on shares of Boise Cascade from $155.00 to $125.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Loop Capital lowered their target price on shares of Boise Cascade from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, BMO Capital Markets dropped their target price on shares of Boise Cascade from $136.00 to $122.00 and set a “market perform” rating for the company in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Boise Cascade has a consensus rating of “Hold” and an average target price of $125.00.

Insider Transactions at Boise Cascade

In other Boise Cascade news, Director Kristopher J. Matula sold 553 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $103.16, for a total value of $57,047.48. Following the completion of the transaction, the director now directly owns 13,099 shares in the company, valued at approximately $1,351,292.84. The trade was a 4.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jeffrey Robert Strom sold 4,500 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $100.21, for a total value of $450,945.00. Following the transaction, the chief operating officer now directly owns 38,026 shares in the company, valued at approximately $3,810,585.46. This represents a 10.58% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.98% of the company’s stock.

Boise Cascade Price Performance

Boise Cascade stock opened at $91.74 on Friday. The firm has a market capitalization of $3.45 billion, a PE ratio of 9.60 and a beta of 1.43. Boise Cascade has a 52 week low of $84.53 and a 52 week high of $155.42. The firm’s 50-day simple moving average is $95.21 and its 200 day simple moving average is $116.04. The company has a quick ratio of 1.92, a current ratio of 3.34 and a debt-to-equity ratio of 0.22.

Boise Cascade (NYSE:BCC) last announced its quarterly earnings results on Monday, May 5th. The construction company reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.36 by ($0.30). Boise Cascade had a net margin of 5.60% and a return on equity of 17.04%. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same period last year, the company earned $2.61 EPS. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. On average, equities research analysts predict that Boise Cascade will post 10.15 EPS for the current fiscal year.

Boise Cascade Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Monday, June 2nd. Boise Cascade’s payout ratio is 10.49%.

Boise Cascade Company Profile

Boise Cascade Company engages in manufacture of wood products and distribution of building materials in the United States and Canada. It operates through 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 shop lumber and appearance grade boards.