Natixis Advisors LLC Acquires New Holdings in Boise Cascade (NYSE:BCC)

Natixis Advisors LLC acquired a new position in Boise Cascade (NYSE:BCC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,643 shares of the construction company's stock, valued at approximately $1,265,000.

Other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in Boise Cascade by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 437,509 shares of the construction company's stock worth $61,680,000 after purchasing an additional 9,128 shares during the last quarter. Citigroup Inc. grew its stake in shares of Boise Cascade by 49.0% during the third quarter. Citigroup Inc. now owns 57,546 shares of the construction company's stock valued at $8,113,000 after buying an additional 18,933 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of Boise Cascade by 34.5% in the third quarter. Cerity Partners LLC now owns 3,897 shares of the construction company's stock worth $549,000 after buying an additional 999 shares during the period. Larson Financial Group LLC lifted its stake in shares of Boise Cascade by 23.9% in the 3rd quarter. Larson Financial Group LLC now owns 378 shares of the construction company's stock valued at $53,000 after acquiring an additional 73 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in Boise Cascade by 1,597.4% during the 3rd quarter. Bank of Montreal Can now owns 126,559 shares of the construction company's stock valued at $17,907,000 after acquiring an additional 119,103 shares during the period. Hedge funds and other institutional investors own 96.18% of the company's stock.

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Analyst Ratings Changes

BCC has been the topic of several recent research reports. BMO Capital Markets reduced their price target on Boise Cascade from $136.00 to $122.00 and set a "market perform" rating on the stock in a research report on Tuesday, February 25th. The Goldman Sachs Group decreased their target price on shares of Boise Cascade from $145.00 to $126.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 14th. Benchmark reiterated a "hold" rating on shares of Boise Cascade in a report on Tuesday, February 25th. Truist Financial cut their price target on shares of Boise Cascade from $157.00 to $134.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Finally, DA Davidson reduced their target price on Boise Cascade from $155.00 to $125.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $128.50.

Insider Buying and Selling at Boise Cascade

In other news, COO Jeffrey Robert Strom sold 4,500 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $100.21, for a total value of $450,945.00. Following the sale, the chief operating officer now directly owns 38,026 shares of the company's stock, valued at approximately $3,810,585.46. This represents a 10.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kristopher J. Matula sold 553 shares of Boise Cascade stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $103.16, for a total value of $57,047.48. Following the completion of the transaction, the director now directly owns 13,099 shares of the company's stock, valued at approximately $1,351,292.84. This represents a 4.05 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.98% of the company's stock.

Boise Cascade Stock Down 2.1 %

BCC stock traded down $2.08 during midday trading on Friday, hitting $98.28. The stock had a trading volume of 378,873 shares, compared to its average volume of 325,492. The business has a 50-day moving average of $112.29 and a two-hundred day moving average of $127.36. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.34 and a quick ratio of 1.92. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 10.28 and a beta of 1.67. Boise Cascade has a 52-week low of $95.33 and a 52-week high of $155.42.

Boise Cascade (NYSE:BCC - Get Free Report) last announced its earnings results on Thursday, February 20th. The construction company reported $1.78 EPS for the quarter, missing analysts' consensus estimates of $1.79 by ($0.01). The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.57 billion. Boise Cascade had a net margin of 5.60% and a return on equity of 17.04%. As a group, equities research analysts forecast that Boise Cascade will post 10.15 earnings per share for the current fiscal year.

Boise Cascade Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, February 24th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Monday, February 24th. Boise Cascade's dividend payout ratio (DPR) is presently 8.79%.

About Boise Cascade

Boise Cascade Company engages in manufacture of wood products and distribution of building materials in the United States and Canada. It operates through two segments, Wood Products and Building Materials Distribution. The Wood Products segment manufactures laminated veneer lumber and laminated beams used in headers and beams; I-joists for residential and commercial flooring and roofing systems, and other structural applications; structural, appearance, and industrial plywood panels; and ponderosa pine shop lumber and appearance grade boards.