Fox Run Management L.L.C. Purchases New Holdings in Boise Cascade (NYSE:BCC)

Fox Run Management L.L.C. purchased a new stake in Boise Cascade (NYSE:BCC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,087 shares of the construction company's stock, valued at approximately $1,318,000.

Several other large investors also recently modified their holdings of BCC. R Squared Ltd acquired a new position in Boise Cascade in the 4th quarter valued at $29,000. Larson Financial Group LLC increased 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 purchasing an additional 73 shares during the last quarter. Principal Securities Inc. grew its holdings in shares of Boise Cascade by 44.2% during the 4th quarter. Principal Securities Inc. now owns 473 shares of the construction company's stock valued at $56,000 after purchasing an additional 145 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Boise Cascade by 254.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 777 shares of the construction company's stock worth $92,000 after buying an additional 558 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in Boise Cascade by 234.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,270 shares of the construction company's stock worth $179,000 after purchasing an additional 890 shares in the last quarter. 96.18% of the stock is owned by institutional investors.

Boise Cascade Trading Down 0.4 %

BCC stock traded down $0.39 during midday trading on Wednesday, hitting $100.94. The company had a trading volume of 330,967 shares, compared to its average volume of 306,838. The company has a current ratio of 3.34, a quick ratio of 1.92 and a debt-to-equity ratio of 0.22. Boise Cascade has a 52 week low of $95.33 and a 52 week high of $155.42. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 10.56 and a beta of 1.67. The stock's 50 day moving average price is $113.45 and its 200 day moving average price is $127.67.

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Boise Cascade (NYSE:BCC - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The construction company reported $1.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.79 by ($0.01). The firm had revenue of $1.57 billion during the quarter, compared to analysts' expectations 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 expect that Boise Cascade will post 10.15 earnings per share for the current fiscal year.

Boise Cascade Dividend Announcement

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 annualized dividend and a yield of 0.83%. The ex-dividend date was Monday, February 24th. Boise Cascade's dividend payout ratio (DPR) is currently 8.79%.

Insider Activity

In other Boise Cascade news, Director Kristopher J. Matula sold 553 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were 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 in the company, valued at approximately $1,351,292.84. This represents a 4.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey Robert Strom sold 4,500 shares of Boise Cascade stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $100.21, for a total transaction of $450,945.00. Following the sale, the chief operating officer now directly owns 38,026 shares in the company, valued at $3,810,585.46. The trade was a 10.58 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.98% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. DA Davidson decreased their price objective on shares of Boise Cascade from $155.00 to $125.00 and set a "buy" rating for the company in a research report on Monday, February 24th. Benchmark reissued a "hold" rating on shares of Boise Cascade in a research report on Tuesday, February 25th. Loop Capital cut their price target on Boise Cascade from $145.00 to $140.00 and set a "buy" rating for the company in a research note on Monday, February 24th. BMO Capital Markets cut their target price 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. Finally, The Goldman Sachs Group dropped their price target on shares of Boise Cascade from $145.00 to $126.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $128.50.

Boise Cascade Profile

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.