Royce & Associates LP Invests $8.07 Million in Boise Cascade, L.L.C. $BCC

Royce & Associates LP purchased a new stake in shares of Boise Cascade, L.L.C. (NYSE:BCC) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 104,400 shares of the construction company’s stock, valued at approximately $8,072,000. Royce & Associates LP owned 0.28% of Boise Cascade as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of BCC. Salomon & Ludwin LLC purchased a new stake in Boise Cascade during the 3rd quarter valued at $28,000. Huntington National Bank raised its stake in shares of Boise Cascade by 630.0% during the second quarter. Huntington National Bank now owns 438 shares of the construction company’s stock valued at $38,000 after acquiring an additional 378 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of 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 purchasing an additional 450 shares during the period. CWM LLC boosted its holdings in shares of Boise Cascade by 30.6% during the third quarter. CWM LLC now owns 747 shares of the construction company’s stock worth $58,000 after purchasing an additional 175 shares during the period. Finally, Versant Capital Management Inc grew its stake in shares of Boise Cascade by 160.5% in the third quarter. Versant Capital Management Inc now owns 883 shares of the construction company’s stock worth $68,000 after purchasing an additional 544 shares during the last quarter. Hedge funds and other institutional investors own 96.18% of the company’s stock.

Boise Cascade Trading Down 2.2%

NYSE:BCC opened at $78.78 on Wednesday. The firm has a market capitalization of $2.81 billion, a P/E ratio of 22.38 and a beta of 1.26. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.36 and a quick ratio of 1.74. Boise Cascade, L.L.C. has a one year low of $65.14 and a one year high of $103.44. The company’s 50-day simple moving average is $82.32 and its 200 day simple moving average is $78.75.

Boise Cascade Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Monday, February 23rd will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Monday, February 23rd. Boise Cascade’s dividend payout ratio (DPR) is currently 25.00%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Boise Cascade from a “sell” rating to a “hold” rating in a report on Saturday. BMO Capital Markets reaffirmed an “outperform” rating on shares of Boise Cascade in a research report on Thursday, January 8th. DA Davidson reiterated a “buy” rating and set a $95.00 price target on shares of Boise Cascade in a research report on Tuesday, February 24th. Truist Financial increased their price target on shares of Boise Cascade from $92.00 to $103.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Finally, The Goldman Sachs Group lifted their price objective on Boise Cascade from $85.00 to $94.00 and gave the company a “neutral” rating in a research report on Wednesday, February 25th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $105.67.

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.