Boise Cascade, L.L.C. $BCC Shares Sold by Rathbones Group PLC

Rathbones Group PLC trimmed its position in shares of Boise Cascade, L.L.C. (NYSE:BCC) by 69.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,941 shares of the construction company’s stock after selling 25,338 shares during the quarter. Rathbones Group PLC’s holdings in Boise Cascade were worth $805,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd increased its stake in shares of Boise Cascade by 231.3% during the third 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 period. Fifth Third Bancorp grew its position in Boise Cascade by 77.5% during the fourth quarter. Fifth Third Bancorp now owns 410 shares of the construction company’s stock worth $30,000 after buying an additional 179 shares during the period. Hantz Financial Services Inc. grew its position in Boise Cascade by 1,071.4% during the third quarter. Hantz Financial Services Inc. now owns 492 shares of the construction company’s stock worth $38,000 after buying an additional 450 shares during the period. Advisory Services Network LLC acquired a new position in Boise Cascade during the third quarter worth about $38,000. Finally, Signaturefd LLC grew its position in Boise Cascade by 5,866.7% during the fourth quarter. Signaturefd LLC now owns 537 shares of the construction company’s stock worth $40,000 after buying an additional 528 shares during the period. 96.18% of the stock is currently owned by institutional investors and hedge funds.

Boise Cascade Stock Up 0.0%

Shares of NYSE BCC opened at $67.13 on Friday. Boise Cascade, L.L.C. has a 12-month low of $65.00 and a 12-month high of $95.00. The company has a market capitalization of $2.36 billion, a PE ratio of 22.68, a price-to-earnings-growth ratio of 1.00 and a beta of 1.15. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.77 and a quick ratio of 1.37. The firm’s 50-day moving average is $74.66 and its two-hundred day moving average is $76.84.

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. Boise Cascade had a net margin of 1.73% and a return on equity of 5.55%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the firm earned $1.06 earnings per share. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. Equities analysts anticipate that Boise Cascade, L.L.C. will post 3.67 EPS for the current fiscal year.

Boise Cascade Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Monday, June 1st will be paid 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 dividend payout ratio is presently 29.73%.

Analyst Ratings Changes

Several research analysts have weighed in on BCC shares. Truist Financial set a $97.00 target price on shares of Boise Cascade in a research report on Wednesday, May 6th. Wall Street Zen upgraded shares of Boise Cascade from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. DA Davidson lowered their target price on shares of Boise Cascade from $95.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. The Goldman Sachs Group upped their target price on shares of Boise Cascade from $85.00 to $94.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. Finally, Weiss Ratings upgraded shares of Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 18th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Boise Cascade presently has a consensus rating of “Moderate Buy” and an average price target of $98.00.

Insider Activity

In related news, SVP Jill Twedt sold 6,070 shares of the company’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 transaction, the senior vice president owned 26,545 shares of the company’s stock, valued at approximately $1,763,915.25. This represents a 18.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.42% of the company’s stock.

Boise Cascade Company 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.