Proficio Capital Partners LLC Makes New Investment in Boise Cascade (NYSE:BCC)

Proficio Capital Partners LLC bought a new position in shares of Boise Cascade (NYSE:BCC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 28,051 shares of the construction company's stock, valued at approximately $3,334,000. Proficio Capital Partners LLC owned approximately 0.07% of Boise Cascade as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BCC. Harbor Capital Advisors Inc. acquired a new stake in Boise Cascade in the third quarter valued at approximately $28,000. R Squared Ltd acquired a new stake in Boise Cascade in the fourth quarter valued at approximately $29,000. Larson Financial Group LLC grew its position in Boise Cascade by 23.9% in the third 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 in the last quarter. Principal Securities Inc. grew its position in Boise Cascade by 44.2% in the fourth quarter. Principal Securities Inc. now owns 473 shares of the construction company's stock valued at $56,000 after acquiring an additional 145 shares in the last quarter. Finally, Covestor Ltd grew its position in Boise Cascade by 50.1% in the third quarter. Covestor Ltd now owns 689 shares of the construction company's stock valued at $97,000 after acquiring an additional 230 shares in the last quarter. Institutional investors and hedge funds own 96.18% of the company's stock.

Insider Buying and Selling at Boise Cascade

In other news, COO Jeffrey Robert Strom sold 4,500 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $100.21, for a total transaction of $450,945.00. Following the transaction, the chief operating officer now directly owns 38,026 shares of the company's stock, valued at approximately $3,810,585.46. This trade represents a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kristopher J. Matula sold 553 shares of the firm'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 transaction, the director now directly owns 13,099 shares in the company, valued at $1,351,292.84. This trade represents a 4.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by company insiders.

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Boise Cascade Stock Up 0.9 %

Shares of BCC stock traded up $0.92 during mid-day trading on Friday, reaching $101.71. 387,897 shares of the company were exchanged, compared to its average volume of 337,609. Boise Cascade has a fifty-two week low of $97.21 and a fifty-two week high of $155.42. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.92 and a current ratio of 3.34. The company has a market capitalization of $3.86 billion, a P/E ratio of 10.64 and a beta of 1.67. The business's 50 day simple moving average is $118.94 and its 200 day simple moving average is $130.73.

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

Boise Cascade Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Monday, February 24th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Monday, February 24th. Boise Cascade's payout ratio is 8.79%.

Wall Street Analyst Weigh In

Several analysts have issued reports on BCC shares. Loop Capital lowered their price objective on shares of Boise Cascade from $145.00 to $140.00 and set a "buy" rating for the company in a research report on Monday, February 24th. BMO Capital Markets lowered their price objective on shares of Boise Cascade from $136.00 to $122.00 and set a "market perform" rating for the company in a research report on Tuesday, February 25th. Benchmark reaffirmed a "hold" rating on shares of Boise Cascade in a research report on Tuesday, February 25th. DA Davidson lowered 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. Finally, Truist Financial decreased their price target on shares of Boise Cascade from $157.00 to $134.00 and set a "buy" rating for the company in a research report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Boise Cascade currently 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.