Amundi Acquires 11,052 Shares of Boise Cascade (NYSE:BCC)

Amundi raised its position in shares of Boise Cascade (NYSE:BCC - Free Report) by 100.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,101 shares of the construction company's stock after acquiring an additional 11,052 shares during the quarter. Amundi owned about 0.06% of Boise Cascade worth $2,595,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Raymond James Financial Inc. bought a new stake in Boise Cascade in the fourth quarter worth approximately $1,601,000. Proficio Capital Partners LLC bought a new stake in shares of Boise Cascade in the 4th quarter valued at $3,334,000. Assetmark Inc. lifted its position in shares of Boise Cascade by 0.6% during the 4th quarter. Assetmark Inc. now owns 54,849 shares of the construction company's stock valued at $6,519,000 after acquiring an additional 327 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Boise Cascade by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 443,691 shares of the construction company's stock valued at $52,737,000 after acquiring an additional 6,182 shares during the period. Finally, Bailard Inc. boosted its stake in Boise Cascade by 17.6% during the fourth quarter. Bailard Inc. now owns 5,356 shares of the construction company's stock worth $637,000 after acquiring an additional 800 shares in the last quarter. 96.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BCC has been the topic of several research reports. DA Davidson dropped their price objective 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 cut their price target on Boise Cascade from $136.00 to $122.00 and set a "market perform" rating on the stock in a report on Tuesday, February 25th. Benchmark restated a "hold" rating on shares of Boise Cascade in a report on Tuesday, February 25th. 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 report on Monday, February 24th. Finally, Loop Capital decreased their price target on shares of Boise Cascade from $145.00 to $140.00 and set a "buy" rating for the company in a research note on Monday, February 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Boise Cascade presently has an average rating of "Hold" and a consensus price target of $128.50.

Remove Ads

Insider Activity 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 value of $450,945.00. Following the sale, the chief operating officer now owns 38,026 shares of the company's stock, valued at approximately $3,810,585.46. The trade was a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kristopher J. Matula sold 553 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $103.16, for a total transaction of $57,047.48. Following the transaction, the director now directly owns 13,099 shares of the company's stock, valued at $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 company insiders.

Boise Cascade Stock Up 0.0 %

NYSE BCC traded up $0.01 on Thursday, reaching $100.37. The company had a trading volume of 351,624 shares, compared to its average volume of 303,299. The company has a quick ratio of 1.92, a current ratio of 3.34 and a debt-to-equity ratio of 0.22. The company's fifty day moving average is $115.42 and its 200 day moving average is $128.58. Boise Cascade has a 52-week low of $95.33 and a 52-week high of $155.42. The stock has a market capitalization of $3.81 billion, a P/E ratio of 10.50 and a beta of 1.67.

Boise Cascade (NYSE:BCC - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The construction company reported $1.78 earnings per share 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 for the quarter, compared to the consensus estimate of $1.57 billion. Sell-side 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 was paid on Wednesday, March 19th. Stockholders of record on Monday, February 24th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Monday, February 24th. Boise Cascade's dividend payout ratio is presently 8.79%.

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.