9,220 Shares in Boise Cascade (NYSE:BCC) Acquired by Caisse Des Depots ET Consignations

Caisse Des Depots ET Consignations purchased a new position in shares of Boise Cascade (NYSE:BCC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,220 shares of the construction company's stock, valued at approximately $1,096,000.

Several other large investors have also recently added to or reduced their stakes in BCC. American Century Companies Inc. lifted its stake in shares of Boise Cascade by 12.0% during the fourth quarter. American Century Companies Inc. now owns 1,134,364 shares of the construction company's stock worth $134,831,000 after purchasing an additional 121,790 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of 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 buying an additional 119,103 shares during the period. FMR LLC raised its holdings in shares of Boise Cascade by 158.9% during the 3rd quarter. FMR LLC now owns 126,123 shares of the construction company's stock valued at $17,781,000 after buying an additional 77,401 shares during the period. Barclays PLC lifted its position in Boise Cascade by 174.1% during the 3rd quarter. Barclays PLC now owns 90,366 shares of the construction company's stock worth $12,739,000 after acquiring an additional 57,403 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in Boise Cascade in the 3rd quarter worth approximately $7,653,000. 96.18% of the stock is currently owned by institutional investors and hedge funds.

Boise Cascade Stock Up 0.8 %

NYSE BCC traded up $0.79 on Tuesday, hitting $98.88. 39,835 shares of the stock traded hands, compared to its average volume of 368,343. The company has a current ratio of 3.34, a quick ratio of 1.92 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average of $111.68 and a 200 day moving average of $127.19. Boise Cascade has a twelve month low of $95.30 and a twelve month high of $155.42. The company has a market capitalization of $3.75 billion, a P/E ratio of 10.34 and a beta of 1.67.

Remove Ads

Boise Cascade (NYSE:BCC - Get Free Report) last posted its quarterly earnings results 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). The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.57 billion. Boise Cascade had a net margin of 5.60% and a return on equity of 17.04%. As a group, analysts expect that Boise Cascade will post 10.15 earnings per share for the current fiscal year.

Boise Cascade Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Monday, February 24th were given a $0.21 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.85%. Boise Cascade's payout ratio is currently 8.79%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on BCC shares. BMO Capital Markets dropped their price objective on shares of Boise Cascade from $136.00 to $122.00 and set a "market perform" rating on the stock in a research note on Tuesday, February 25th. Truist Financial dropped their price target on shares of Boise Cascade from $157.00 to $134.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Loop Capital decreased 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. Benchmark reaffirmed a "hold" rating on shares of Boise Cascade in a research report on Tuesday, February 25th. Finally, The Goldman Sachs Group cut their price target on Boise Cascade from $145.00 to $126.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $128.50.

Insider Activity

In other Boise Cascade news, Director Kristopher J. Matula sold 553 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $103.16, for a total value of $57,047.48. Following the sale, the director now directly owns 13,099 shares in the company, valued at approximately $1,351,292.84. This trade represents a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Jeffrey Robert Strom sold 4,500 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were 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 position. The disclosure for this sale can be found here. Company insiders own 0.98% of the company's stock.

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.