Healthcare of Ontario Pension Plan Trust Fund Has $8.01 Million Holdings in Boise Cascade, L.L.C. $BCC

Healthcare of Ontario Pension Plan Trust Fund decreased its holdings in Boise Cascade, L.L.C. (NYSE:BCC) by 8.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 105,659 shares of the construction company’s stock after selling 9,200 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Boise Cascade were worth $8,014,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. SG Americas Securities LLC grew its position in Boise Cascade by 890.3% during the fourth quarter. SG Americas Securities LLC now owns 34,977 shares of the construction company’s stock worth $2,574,000 after buying an additional 31,445 shares in the last quarter. WINTON GROUP Ltd acquired a new position in Boise Cascade in the 4th quarter valued at $6,655,000. Peregrine Capital Management LLC raised its holdings in Boise Cascade by 33.3% in the 4th quarter. Peregrine Capital Management LLC now owns 187,259 shares of the construction company’s stock valued at $13,782,000 after acquiring an additional 46,802 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Boise Cascade by 214,282.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 420,189 shares of the construction company’s stock valued at $30,926,000 after acquiring an additional 419,993 shares during the period. Finally, Carnegie Lake Advisors LLC bought a new stake in shares of Boise Cascade during the 4th quarter valued at $1,214,000. Institutional investors own 96.18% of the company’s stock.

Insider Activity 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 sale, the senior vice president owned 26,545 shares of the company’s stock, valued at $1,763,915.25. This trade represents a 18.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.42% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Zacks Research upgraded Boise Cascade from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. DA Davidson dropped their price target on Boise Cascade from $95.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Weiss Ratings raised shares of Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 18th. Bank of America increased their price objective on shares of Boise Cascade from $80.00 to $81.00 and gave the stock an “underperform” rating in a research note on Tuesday, July 14th. Finally, Truist Financial set a $97.00 target price on shares of Boise Cascade in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $92.80.

Boise Cascade Trading Up 2.8%

BCC opened at $80.44 on Wednesday. The company has a market cap of $2.83 billion, a P/E ratio of 27.18, a PEG ratio of 1.08 and a beta of 1.08. 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 company’s 50 day moving average is $73.21 and its 200-day moving average is $77.02. Boise Cascade, L.L.C. has a 1-year low of $65.00 and a 1-year high of $91.97.

Boise Cascade (NYSE:BCC) last released its quarterly earnings data on Monday, May 4th. The construction company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.07. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Boise Cascade had a net margin of 1.73% and a return on equity of 5.55%. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.06 EPS. Equities research analysts predict that Boise Cascade, L.L.C. will post 3.83 earnings per share for the current fiscal year.

Boise Cascade Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Monday, June 1st. Boise Cascade’s dividend payout ratio is presently 29.73%.

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.