Quent Capital LLC Takes $806,000 Position in Boise Cascade, L.L.C. $BCC

Quent Capital LLC acquired a new stake in Boise Cascade, L.L.C. (NYSE:BCC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,945 shares of the construction company’s stock, valued at approximately $806,000.

Other institutional investors and hedge funds have also modified their holdings of the company. SG Americas Securities LLC lifted its holdings in shares of Boise Cascade by 890.3% in the 4th quarter. SG Americas Securities LLC now owns 34,977 shares of the construction company’s stock valued at $2,574,000 after buying an additional 31,445 shares during the period. AlphaQuest LLC raised its holdings in Boise Cascade by 131.5% in the 3rd quarter. AlphaQuest LLC now owns 35,873 shares of the construction company’s stock worth $2,774,000 after purchasing an additional 20,378 shares during the period. ARGA Investment Management LP acquired a new position in Boise Cascade in the 3rd quarter worth about $1,499,000. Allianz Asset Management GmbH raised its holdings in Boise Cascade by 10.2% in the 3rd quarter. Allianz Asset Management GmbH now owns 175,031 shares of the construction company’s stock worth $13,533,000 after purchasing an additional 16,270 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Boise Cascade by 2.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,280,347 shares of the construction company’s stock worth $176,313,000 after purchasing an additional 58,131 shares during the period. Institutional investors and hedge funds own 96.18% of the company’s stock.

Boise Cascade Price Performance

NYSE:BCC opened at $84.06 on Monday. Boise Cascade, L.L.C. has a 12 month low of $65.14 and a 12 month high of $97.67. The stock has a 50 day moving average of $77.91 and a two-hundred day moving average of $76.92. The company has a current ratio of 3.36, a quick ratio of 1.74 and a debt-to-equity ratio of 0.22. The firm has a market cap of $3.01 billion, a P/E ratio of 23.88, a price-to-earnings-growth ratio of 1.19 and a beta of 1.23.

Boise Cascade Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Monday, February 23rd were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.0%. The ex-dividend date was Monday, February 23rd. Boise Cascade’s payout ratio is 25.00%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on BCC shares. BMO Capital Markets reaffirmed an “outperform” rating on shares of Boise Cascade in a report on Thursday, January 8th. DA Davidson reaffirmed a “buy” rating and issued a $95.00 price target on shares of Boise Cascade in a report on Tuesday, February 24th. Weiss Ratings raised Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 30th. Wall Street Zen raised Boise Cascade from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Truist Financial reduced their price target on Boise Cascade from $103.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently 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.