Intech Investment Management LLC Decreases Position in Boise Cascade, L.L.C. $BCC

Intech Investment Management LLC lowered its stake in shares of Boise Cascade, L.L.C. (NYSE:BCC) by 56.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,200 shares of the construction company’s stock after selling 21,419 shares during the period. Intech Investment Management LLC’s holdings in Boise Cascade were worth $1,192,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Carnegie Lake Advisors LLC purchased a new stake in shares of Boise Cascade during the 4th quarter worth approximately $1,214,000. New Age Alpha Advisors LLC bought a new position in Boise Cascade in the 4th quarter worth approximately $379,000. Hantz Financial Services Inc. boosted its holdings in Boise Cascade by 79.5% in the 4th quarter. Hantz Financial Services Inc. now owns 883 shares of the construction company’s stock worth $65,000 after buying an additional 391 shares during the period. FourThought Financial Partners LLC bought a new position in Boise Cascade in the 4th quarter worth approximately $255,000. Finally, Covestor Ltd boosted its holdings in Boise Cascade by 32.8% in the 4th quarter. Covestor Ltd now owns 1,316 shares of the construction company’s stock worth $97,000 after buying an additional 325 shares during the period. Hedge funds and other institutional investors own 96.18% of the company’s stock.

Insider Transactions at Boise Cascade

In other Boise Cascade news, SVP Jill Twedt sold 6,070 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $66.45, for a total value of $403,351.50. Following the sale, the senior vice president directly owned 26,545 shares in the company, valued at $1,763,915.25. This represents a 18.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.42% of the stock is owned by corporate insiders.

Boise Cascade Stock Performance

NYSE BCC opened at $68.18 on Friday. Boise Cascade, L.L.C. has a 1 year low of $65.00 and a 1 year high of $95.00. 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 stock has a market capitalization of $2.40 billion, a PE ratio of 23.03, a P/E/G ratio of 1.02 and a beta of 1.09. The company’s 50 day simple moving average is $74.15 and its two-hundred day simple moving average is $76.78.

Boise Cascade (NYSE:BCC) last posted its earnings results on Monday, May 4th. The construction company reported $0.50 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the prior year, the company posted $1.06 EPS. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. Analysts predict that Boise Cascade, L.L.C. will post 3.67 earnings per share for the current fiscal year.

Boise Cascade Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st will be paid a $0.22 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.88 annualized dividend and a yield of 1.3%. Boise Cascade’s dividend payout ratio is currently 29.73%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. DA Davidson cut their price objective on shares of Boise Cascade from $95.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Zacks Research raised shares of Boise Cascade from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Wall Street Zen raised shares of Boise Cascade from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. The Goldman Sachs Group raised their price objective on shares of Boise Cascade from $85.00 to $94.00 and gave the stock a “neutral” rating in a report on Wednesday, February 25th. Finally, Truist Financial set a $97.00 price objective on shares of Boise Cascade in a report on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Boise Cascade has an average rating of “Moderate Buy” and an average target price 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.