Aster Capital Management DIFC Ltd Invests $549,000 in Boise Cascade (NYSE:BCC)

Aster Capital Management DIFC Ltd bought a new position in shares of Boise Cascade (NYSE:BCC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,621 shares of the construction company's stock, valued at approximately $549,000.

Several other hedge funds have also added to or reduced their stakes in the company. Tidal Investments LLC lifted its holdings in shares of Boise Cascade by 341.9% during the third quarter. Tidal Investments LLC now owns 15,808 shares of the construction company's stock worth $2,229,000 after buying an additional 12,231 shares in the last quarter. Fulcrum Capital LLC bought a new stake in Boise Cascade in the 4th quarter valued at about $1,092,000. D.A. Davidson & CO. grew its position in shares of Boise Cascade by 4.2% during the 4th quarter. D.A. Davidson & CO. now owns 3,267 shares of the construction company's stock worth $388,000 after purchasing an additional 133 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Boise Cascade by 5.0% during the fourth quarter. Nordea Investment Management AB now owns 120,816 shares of the construction company's stock worth $14,454,000 after purchasing an additional 5,779 shares during the period. Finally, Barclays PLC raised its position 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 valued at $12,739,000 after buying an additional 57,403 shares in the last quarter. 96.18% of the stock is owned by institutional investors and hedge funds.

Boise Cascade Price Performance

NYSE:BCC traded up $0.83 on Friday, hitting $95.51. The company had a trading volume of 261,309 shares, compared to its average volume of 330,827. The firm has a 50 day moving average of $104.66 and a two-hundred day moving average of $124.05. The stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of 9.99 and a beta of 1.52. Boise Cascade has a 52 week low of $87.84 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.

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Boise Cascade (NYSE:BCC - Get Free Report) last posted its 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 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 the consensus estimate of $1.57 billion. On average, research analysts anticipate that Boise Cascade will post 10.15 earnings per share for the current year.

Boise Cascade Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Monday, February 24th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.88%. The ex-dividend date was Monday, February 24th. Boise Cascade's payout ratio is currently 8.79%.

Insider Transactions at Boise Cascade

In other news, COO Jeffrey Robert Strom sold 4,500 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $100.21, for a total value of $450,945.00. Following the transaction, the chief operating officer now owns 38,026 shares in the company, valued at approximately $3,810,585.46. The trade was a 10.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kristopher J. Matula sold 553 shares of the stock in a transaction 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 sale, the director now owns 13,099 shares of the company's stock, valued at approximately $1,351,292.84. This trade 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 owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on BCC shares. DA Davidson lowered their price objective on Boise Cascade from $155.00 to $125.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. The Goldman Sachs Group dropped their price target on Boise Cascade from $145.00 to $126.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. Loop Capital reduced their price objective on shares of Boise Cascade from $145.00 to $140.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Truist Financial dropped 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 report on Monday, February 24th. Finally, BMO Capital Markets reduced 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 report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $128.50.

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.