Boise Cascade (NYSE:BCC) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. boosted its holdings in Boise Cascade (NYSE:BCC - Free Report) by 12.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,134,364 shares of the construction company's stock after buying an additional 121,790 shares during the quarter. American Century Companies Inc. owned approximately 2.95% of Boise Cascade worth $134,831,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BCC. Bank of Montreal Can grew 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 purchasing an additional 119,103 shares during the last quarter. FMR LLC raised its position in shares of Boise Cascade by 158.9% during the third quarter. FMR LLC now owns 126,123 shares of the construction company's stock worth $17,781,000 after acquiring an additional 77,401 shares during the last quarter. Barclays PLC lifted its stake in shares of Boise Cascade by 174.1% in the third 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 during the period. Point72 Asset Management L.P. bought a new stake in Boise Cascade in the third quarter valued at approximately $7,653,000. Finally, World Investment Advisors LLC acquired a new stake in Boise Cascade during the 3rd quarter valued at approximately $3,995,000. Institutional investors own 96.18% of the company's stock.

Insider Buying and Selling at Boise Cascade

In other Boise Cascade news, COO Jeffrey Robert Strom sold 4,500 shares of Boise Cascade 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 sale, the chief operating officer now directly owns 38,026 shares in the company, valued at $3,810,585.46. This trade represents a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kristopher J. Matula sold 553 shares of the company'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 transaction of $57,047.48. Following the completion of the transaction, the director now owns 13,099 shares in the company, valued at approximately $1,351,292.84. This represents a 4.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by insiders.

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Boise Cascade Stock Performance

Shares of NYSE:BCC traded down $0.38 during midday trading on Thursday, reaching $100.39. The company's stock had a trading volume of 252,420 shares, compared to its average volume of 306,637. The firm has a market capitalization of $3.81 billion, a PE ratio of 10.50 and a beta of 1.67. Boise Cascade has a twelve month low of $95.33 and a twelve month high of $155.42. The stock has a fifty day moving average of $113.45 and a 200 day moving average of $127.67. The company has a quick ratio of 1.92, a current ratio of 3.34 and a debt-to-equity ratio of 0.22.

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). 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%. On average, equities analysts expect that Boise Cascade will post 10.15 EPS for the current fiscal year.

Boise Cascade Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Monday, February 24th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.84%. The ex-dividend date was Monday, February 24th. Boise Cascade's dividend payout ratio is currently 8.79%.

Analyst Ratings Changes

Several research firms have recently weighed in on BCC. The Goldman Sachs Group lowered their price objective on Boise Cascade from $145.00 to $126.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. Truist Financial reduced their target price on shares of Boise Cascade from $157.00 to $134.00 and set a "buy" rating for the company in a research note on Monday, February 24th. DA Davidson decreased their price target on shares of Boise Cascade from $155.00 to $125.00 and set a "buy" rating on the stock in a report on Monday, February 24th. BMO Capital Markets decreased their price target 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. Finally, Benchmark restated a "hold" rating on shares of Boise Cascade in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $128.50.

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.