WINTON GROUP Ltd Takes Position in Boise Cascade, L.L.C. $BCC

WINTON GROUP Ltd bought a new stake in shares of Boise Cascade, L.L.C. (NYSE:BCC) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 90,419 shares of the construction company’s stock, valued at approximately $6,655,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its stake in shares of 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 valued at $29,000 after buying an additional 259 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of Boise Cascade by 77.5% during the 4th quarter. Fifth Third Bancorp now owns 410 shares of the construction company’s stock valued at $30,000 after buying an additional 179 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Boise Cascade by 1,071.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 492 shares of the construction company’s stock valued at $38,000 after buying an additional 450 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Boise Cascade during the 3rd quarter valued at approximately $38,000. Finally, Signaturefd LLC boosted its stake in shares of Boise Cascade by 5,866.7% during the 4th quarter. Signaturefd LLC now owns 537 shares of the construction company’s stock valued at $40,000 after buying an additional 528 shares during the last quarter. 96.18% of the stock is currently owned by hedge funds and other institutional investors.

Boise Cascade Stock Performance

Shares of BCC opened at $68.18 on Friday. The business’s fifty day moving average price is $74.15 and its 200 day moving average price is $76.78. Boise Cascade, L.L.C. has a 12-month low of $65.00 and a 12-month high of $95.00. The stock has a market capitalization of $2.40 billion, a PE ratio of 23.03, a price-to-earnings-growth ratio of 1.02 and a beta of 1.09. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.77 and a quick ratio of 1.37.

Boise Cascade (NYSE:BCC) last announced its quarterly earnings data 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 return on equity of 5.55% and a net margin of 1.73%.The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period last year, the business posted $1.06 earnings per share. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. Equities research analysts forecast that Boise Cascade, L.L.C. will post 3.67 EPS for the current 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 is Monday, June 1st. This represents a $0.88 annualized dividend and a yield of 1.3%. Boise Cascade’s dividend payout ratio (DPR) is 29.73%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Wall Street Zen upgraded Boise Cascade from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Truist Financial set a $97.00 target price on Boise Cascade in a research note on Wednesday, May 6th. The Goldman Sachs Group increased their target price on Boise Cascade from $85.00 to $94.00 and gave the company a “neutral” rating in a research note on Wednesday, February 25th. Zacks Research upgraded Boise Cascade from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Finally, DA Davidson reduced their price objective on Boise Cascade from $95.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Boise Cascade presently has a consensus rating of “Moderate Buy” and an average price target of $98.00.

Insider Transactions at Boise Cascade

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

Boise Cascade 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.