AlphaQuest LLC Sells 4,988 Shares of Boise Cascade (NYSE:BCC)

AlphaQuest LLC lessened its stake in Boise Cascade (NYSE:BCC - Free Report) by 68.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,265 shares of the construction company's stock after selling 4,988 shares during the quarter. AlphaQuest LLC's holdings in Boise Cascade were worth $269,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of BCC. R Squared Ltd bought a new position in Boise Cascade in the fourth quarter valued at about $29,000. Larson Financial Group LLC lifted its position in Boise Cascade by 23.9% during the 3rd quarter. Larson Financial Group LLC now owns 378 shares of the construction company's stock valued at $53,000 after purchasing an additional 73 shares during the period. Principal Securities Inc. boosted its stake in shares of Boise Cascade by 44.2% in the 4th quarter. Principal Securities Inc. now owns 473 shares of the construction company's stock valued at $56,000 after purchasing an additional 145 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Boise Cascade by 254.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 777 shares of the construction company's stock worth $92,000 after buying an additional 558 shares during the period. Finally, KBC Group NV raised its stake in shares of Boise Cascade by 19.0% during the third quarter. KBC Group NV now owns 1,226 shares of the construction company's stock worth $173,000 after buying an additional 196 shares during the last quarter. 96.18% of the stock is owned by institutional investors.

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Insider Activity at Boise Cascade

In other news, Director Kristopher J. Matula sold 553 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director now directly owns 13,099 shares of the company's stock, valued at $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 is available at this link. Also, COO Jeffrey Robert Strom sold 4,500 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $100.21, for a total transaction of $450,945.00. Following the completion of the transaction, the chief operating officer now owns 38,026 shares in the company, 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. 0.98% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Benchmark reaffirmed a "hold" rating on shares of Boise Cascade in a research note on Tuesday, February 25th. DA Davidson decreased their price objective on Boise Cascade from $155.00 to $125.00 and set a "buy" rating for the company in a research note on Monday, February 24th. Truist Financial cut their target price on 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 lowered their price target on Boise Cascade from $145.00 to $140.00 and set a "buy" rating for the company in a research note on Monday, February 24th. Finally, BMO Capital Markets reduced 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. 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 company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $128.50.

Boise Cascade Stock Up 0.9 %

Shares of BCC stock traded up $0.89 during trading hours on Wednesday, hitting $100.23. 262,463 shares of the company were exchanged, compared to its average volume of 344,145. Boise Cascade has a 52 week low of $95.33 and a 52 week high of $155.42. 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 business has a 50 day moving average of $115.76 and a two-hundred day moving average of $128.78. The company has a market capitalization of $3.80 billion, a PE ratio of 10.48 and a beta of 1.67.

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

Boise Cascade Dividend Announcement

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

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.