Boise Cascade (NYSE:BCC) Stock Holdings Trimmed by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its stake in shares of Boise Cascade (NYSE:BCC - Free Report) by 21.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 69,956 shares of the construction company's stock after selling 19,207 shares during the period. Allspring Global Investments Holdings LLC owned 0.18% of Boise Cascade worth $8,238,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Regents Gate Capital LLP purchased a new position in Boise Cascade during the fourth quarter worth $1,185,000. Empowered Funds LLC grew its position in shares of Boise Cascade by 2.5% in the fourth quarter. Empowered Funds LLC now owns 21,176 shares of the construction company's stock valued at $2,517,000 after purchasing an additional 513 shares during the period. Vest Financial LLC grew its position in shares of Boise Cascade by 89.6% in the fourth quarter. Vest Financial LLC now owns 19,853 shares of the construction company's stock valued at $2,360,000 after purchasing an additional 9,381 shares during the period. Jennison Associates LLC grew its position in shares of Boise Cascade by 83.4% in the fourth quarter. Jennison Associates LLC now owns 11,219 shares of the construction company's stock valued at $1,333,000 after purchasing an additional 5,102 shares during the period. Finally, SkyOak Wealth LLC purchased a new stake in shares of Boise Cascade in the fourth quarter valued at $243,000. Hedge funds and other institutional investors own 96.18% of the company's stock.

Boise Cascade Stock Down 8.2 %

Shares of NYSE:BCC traded down $9.50 during trading on Friday, hitting $106.98. The company's stock had a trading volume of 899,030 shares, compared to its average volume of 298,619. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 3.13. Boise Cascade has a fifty-two week low of $103.57 and a fifty-two week high of $155.42. The stock's 50-day moving average price is $123.74 and its two-hundred day moving average price is $132.38. The company has a market capitalization of $4.11 billion, a PE ratio of 10.47 and a beta of 1.57.

Boise Cascade (NYSE:BCC - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The construction company reported $1.78 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.01). Boise Cascade had a return on equity of 18.24% and a net margin of 5.95%. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.57 billion. As a group, sell-side analysts expect that Boise Cascade will post 9.6 EPS for the current year.

Boise Cascade Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Monday, February 24th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Monday, February 24th. Boise Cascade's dividend payout ratio (DPR) is 8.22%.

Analysts Set New Price Targets

BCC has been the subject of a number of recent analyst reports. StockNews.com downgraded Boise Cascade from a "buy" rating to a "hold" rating in a research report on Wednesday, November 6th. Loop Capital started coverage on Boise Cascade in a report on Friday, November 1st. They issued a "buy" rating and a $155.00 target price on the stock. 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. Finally, The Goldman Sachs Group reduced their price objective 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, three have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Boise Cascade presently has a consensus rating of "Hold" and a consensus price target of $139.60.

About Boise Cascade

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.