Barclays PLC Acquires 4,529 Shares of Boise Cascade (NYSE:BCC)

Barclays PLC raised its position in Boise Cascade (NYSE:BCC - Free Report) by 5.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 94,895 shares of the construction company's stock after purchasing an additional 4,529 shares during the period. Barclays PLC owned about 0.25% of Boise Cascade worth $11,280,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. grew its holdings in Boise Cascade by 12.0% during the 4th quarter. American Century Companies Inc. now owns 1,134,364 shares of the construction company's stock worth $134,831,000 after acquiring an additional 121,790 shares in the last quarter. Norges Bank acquired a new position in Boise Cascade in the 4th quarter valued at approximately $55,680,000. Bank of New York Mellon Corp grew its position in Boise Cascade by 3.0% in the fourth quarter. Bank of New York Mellon Corp now owns 446,350 shares of the construction company's stock worth $53,053,000 after acquiring an additional 12,963 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings 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 worth $52,737,000 after buying an additional 6,182 shares during the period. Finally, Invesco Ltd. raised its stake in Boise Cascade by 8.7% during the 4th quarter. Invesco Ltd. now owns 358,368 shares of the construction company's stock valued at $42,596,000 after purchasing an additional 28,814 shares during the last quarter. Institutional investors and hedge funds own 96.18% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BCC shares. Loop Capital dropped their target price on Boise Cascade from $140.00 to $135.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Benchmark reaffirmed a "hold" rating on shares of Boise Cascade in a research note on Tuesday, February 25th. The Goldman Sachs Group lowered their price target on shares of Boise Cascade from $145.00 to $126.00 and set a "neutral" rating for the company in a report on Tuesday, January 14th. BMO Capital Markets lowered their price objective on Boise Cascade from $136.00 to $122.00 and set a "market perform" rating for the company in a research note on Tuesday, February 25th. Finally, Truist Financial lowered their price objective on Boise Cascade from $134.00 to $118.00 and set a "buy" rating on the stock in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $125.00.

Boise Cascade Stock Down 0.8 %

BCC stock traded down $0.76 during midday trading on Friday, hitting $95.33. The company's stock had a trading volume of 127,607 shares, compared to its average volume of 327,516. The firm has a 50-day simple moving average of $99.44 and a 200-day simple moving average of $121.26. The firm has a market capitalization of $3.63 billion, a P/E ratio of 9.96 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 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 announced its quarterly earnings data on Thursday, February 20th. The construction company reported $1.78 earnings per share (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 analysts' expectations of $1.57 billion. Boise Cascade had a net margin of 5.60% and a return on equity of 17.04%. As a group, equities analysts forecast that Boise Cascade will post 10.15 EPS for the current year.

Boise Cascade Announces Dividend

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

Insider Activity at Boise Cascade

In other news, COO Jeffrey Robert Strom sold 4,500 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was 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 owns 38,026 shares in the company, valued at $3,810,585.46. The trade was a 10.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kristopher J. Matula sold 553 shares of Boise Cascade 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 transaction, the director now directly 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 owned by insiders.

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.