Jill Twedt Sells 6,070 Shares of Boise Cascade (NYSE:BCC) Stock

Boise Cascade, L.L.C. (NYSE:BCC) SVP Jill Twedt sold 6,070 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $66.45, for a total transaction of $403,351.50. Following the completion of the transaction, the senior vice president owned 26,545 shares of the company’s stock, valued at $1,763,915.25. The trade was a 18.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Boise Cascade Trading Down 5.0%

Shares of Boise Cascade stock opened at $65.94 on Friday. The firm has a market capitalization of $2.32 billion, a PE ratio of 22.28, a price-to-earnings-growth ratio of 1.04 and a beta of 1.15. The company has a current ratio of 2.77, a quick ratio of 1.37 and a debt-to-equity ratio of 0.24. The firm’s 50 day moving average is $75.40 and its 200 day moving average is $76.99. Boise Cascade, L.L.C. has a 1 year low of $65.14 and a 1 year high of $95.00.

Boise Cascade (NYSE:BCC) last announced its quarterly earnings results on Monday, May 4th. The construction company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.07. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.46 billion. Boise Cascade had a net margin of 1.73% and a return on equity of 5.55%. The firm’s revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.06 EPS. Equities research analysts forecast that Boise Cascade, L.L.C. will post 3.67 earnings per share for the current fiscal year.

Boise Cascade Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Monday, June 1st will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.88 annualized dividend and a dividend yield of 1.3%. Boise Cascade’s payout ratio is 29.73%.

Institutional Investors Weigh In On Boise Cascade

Institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd grew its holdings in Boise Cascade by 231.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 371 shares of the construction company’s stock worth $29,000 after acquiring an additional 259 shares during the last quarter. Fifth Third Bancorp grew its holdings in Boise Cascade by 77.5% during the 4th quarter. Fifth Third Bancorp now owns 410 shares of the construction company’s stock worth $30,000 after acquiring an additional 179 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in Boise Cascade by 1,071.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 492 shares of the construction company’s stock worth $38,000 after acquiring an additional 450 shares during the last quarter. Advisory Services Network LLC bought a new stake in Boise Cascade during the 3rd quarter worth approximately $38,000. Finally, UMB Bank n.a. grew its holdings in Boise Cascade by 98.5% during the 4th quarter. UMB Bank n.a. now owns 524 shares of the construction company’s stock worth $39,000 after acquiring an additional 260 shares during the last quarter. 96.18% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of Boise Cascade from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Zacks Research raised shares of Boise Cascade from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. The Goldman Sachs Group lifted their price target 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. Weiss Ratings lowered shares of Boise Cascade from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Finally, DA Davidson decreased their price target on shares of Boise Cascade from $95.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Boise Cascade presently has a consensus rating of “Hold” and an average price target of $98.00.

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.