Fulcrum Capital LLC Buys Shares of 9,187 Boise Cascade (NYSE:BCC)

Fulcrum Capital LLC bought a new stake in shares of Boise Cascade (NYSE:BCC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,187 shares of the construction company's stock, valued at approximately $1,092,000.

Several other institutional investors and hedge funds have also bought and sold shares of BCC. Tidal Investments LLC increased its holdings in Boise Cascade by 341.9% during the 3rd quarter. Tidal Investments LLC now owns 15,808 shares of the construction company's stock valued at $2,229,000 after purchasing an additional 12,231 shares during the period. Algert Global LLC increased its stake in shares of Boise Cascade by 8.3% during the second quarter. Algert Global LLC now owns 79,277 shares of the construction company's stock valued at $9,451,000 after buying an additional 6,059 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Boise Cascade by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 437,509 shares of the construction company's stock valued at $61,680,000 after acquiring an additional 9,128 shares in the last quarter. Seven Eight Capital LP lifted its stake in Boise Cascade by 31.6% in the second quarter. Seven Eight Capital LP now owns 17,896 shares of the construction company's stock worth $2,134,000 after acquiring an additional 4,300 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in Boise Cascade by 56.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 89,163 shares of the construction company's stock worth $12,570,000 after acquiring an additional 32,303 shares during the period. 96.18% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Loop Capital started coverage on shares of Boise Cascade in a research report on Friday, November 1st. They set a "buy" rating and a $155.00 price objective on the stock. BMO Capital Markets boosted their price target on shares of Boise Cascade from $130.00 to $136.00 and gave the company a "market perform" rating in a research report on Tuesday, October 22nd. StockNews.com lowered shares of Boise Cascade from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th. Finally, Truist Financial reduced their target price on Boise Cascade from $161.00 to $157.00 and set a "buy" rating on the stock in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $138.80.

Boise Cascade Stock Up 3.9 %

BCC traded up $4.47 during midday trading on Monday, reaching $120.35. The company's stock had a trading volume of 426,266 shares, compared to its average volume of 294,180. Boise Cascade has a 1 year low of $113.38 and a 1 year high of $155.42. The stock's 50-day moving average is $134.40 and its 200-day moving average is $132.99. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of 11.78 and a beta of 1.58. The company has a current ratio of 3.13, a quick ratio of 1.90 and a debt-to-equity ratio of 0.22.

Boise Cascade (NYSE:BCC - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The construction company reported $2.33 earnings per share for the quarter, missing the consensus estimate of $2.37 by ($0.04). The company had revenue of $1.71 billion during the quarter, compared to analysts' expectations of $1.72 billion. Boise Cascade had a return on equity of 18.24% and a net margin of 5.95%. The business's quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.58 EPS. As a group, research analysts expect that Boise Cascade will post 9.57 EPS for the current year.

Boise Cascade Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, December 2nd were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Monday, December 2nd. Boise Cascade's dividend payout ratio is presently 8.22%.

Boise Cascade Company 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.