Boise Cascade (NYSE:BCC) Shares Sold by Algert Global LLC

Algert Global LLC decreased its holdings in Boise Cascade (NYSE:BCC - Free Report) by 41.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,428 shares of the construction company's stock after selling 32,849 shares during the quarter. Algert Global LLC owned approximately 0.12% of Boise Cascade worth $6,545,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Harbor Capital Advisors Inc. bought a new position in shares of Boise Cascade during the third quarter worth about $28,000. Larson Financial Group LLC bought a new position in Boise Cascade during the 2nd quarter worth approximately $36,000. iA Global Asset Management Inc. acquired a new position in shares of Boise Cascade in the 1st quarter worth approximately $82,000. GAMMA Investing LLC increased its holdings in shares of Boise Cascade by 33.4% in the 2nd quarter. GAMMA Investing LLC now owns 787 shares of the construction company's stock valued at $94,000 after acquiring an additional 197 shares during the last quarter. Finally, CWM LLC raised its position in shares of Boise Cascade by 26.5% during the 3rd quarter. CWM LLC now owns 673 shares of the construction company's stock valued at $95,000 after acquiring an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 96.18% of the company's stock.

Boise Cascade Stock Performance

Shares of BCC traded up $3.42 during mid-day trading on Friday, reaching $143.78. 219,327 shares of the company's stock traded hands, compared to its average volume of 253,578. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 3.13. The business's 50-day moving average price is $139.41 and its 200-day moving average price is $133.00. The stock has a market capitalization of $5.52 billion, a P/E ratio of 14.07 and a beta of 1.53. Boise Cascade has a 12 month low of $106.38 and a 12 month high of $154.67.

Boise Cascade (NYSE:BCC - Get Free Report) last announced its 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 business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.72 billion. Boise Cascade had a net margin of 5.95% and a return on equity of 18.24%. The firm's revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.58 EPS. Equities analysts predict that Boise Cascade will post 9.57 earnings per share for the current year.

Boise Cascade Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, December 2nd will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Monday, December 2nd. Boise Cascade's dividend payout ratio is currently 8.22%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. StockNews.com lowered shares of Boise Cascade from a "buy" rating to a "hold" rating in a research note on Wednesday, November 6th. Bank of America increased their price objective on shares of Boise Cascade from $120.00 to $124.00 and gave the stock an "underperform" rating in a research note on Thursday, September 12th. BMO Capital Markets lifted their target price on Boise Cascade from $130.00 to $136.00 and gave the company a "market perform" rating in a research note on Tuesday, October 22nd. Truist Financial increased their price target on Boise Cascade from $154.00 to $161.00 and gave the stock a "buy" rating in a research report on Tuesday, October 15th. Finally, Loop Capital assumed coverage on Boise Cascade in a research report on Friday, November 1st. They set a "buy" rating and a $155.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Boise Cascade currently has an average rating of "Hold" and an average target price of $139.60.

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.