Boise Cascade (NYSE:BCC) Director Sells $57,047.48 in Stock

Boise Cascade (NYSE:BCC - Get Free Report) Director Kristopher J. Matula sold 553 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $103.16, for a total value of $57,047.48. Following the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Boise Cascade Price Performance

Boise Cascade stock traded up $1.17 during midday trading on Friday, reaching $103.72. 579,120 shares of the stock traded hands, compared to its average volume of 330,275. The stock's fifty day moving average is $120.73 and its 200-day moving average is $131.54. Boise Cascade has a 12 month low of $102.17 and a 12 month high of $155.42. The stock has a market cap of $3.93 billion, a P/E ratio of 10.85 and a beta of 1.57. 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 issued its quarterly earnings data 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 company had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.57 billion. As a group, equities research analysts anticipate that Boise Cascade will post 10.15 EPS for the current year.

Boise Cascade Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Monday, February 24th will be given a dividend of $0.21 per share. The ex-dividend date is Monday, February 24th. This represents a $0.84 dividend on an annualized basis and a yield of 0.81%. Boise Cascade's dividend payout ratio (DPR) is presently 8.79%.

Institutional Investors Weigh In On Boise Cascade

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC raised its position in Boise Cascade by 341.9% during the third quarter. Tidal Investments LLC now owns 15,808 shares of the construction company's stock valued at $2,229,000 after purchasing an additional 12,231 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Boise Cascade by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 437,509 shares of the construction company's stock worth $61,680,000 after buying an additional 9,128 shares during the period. Fulcrum Capital LLC purchased a new stake in shares of Boise Cascade in the fourth quarter worth approximately $1,092,000. D.A. Davidson & CO. raised its holdings in shares of Boise Cascade by 4.2% in the fourth quarter. D.A. Davidson & CO. now owns 3,267 shares of the construction company's stock worth $388,000 after buying an additional 133 shares during the period. Finally, Nordea Investment Management AB raised its holdings in shares of Boise Cascade by 5.0% in the fourth quarter. Nordea Investment Management AB now owns 120,816 shares of the construction company's stock worth $14,454,000 after buying an additional 5,779 shares during the period. 96.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on BCC shares. BMO Capital Markets dropped 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. The Goldman Sachs Group dropped their price objective 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. StockNews.com lowered Boise Cascade from a "buy" rating to a "hold" rating in a research note on Wednesday, November 6th. DA Davidson dropped 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. Finally, Benchmark reaffirmed a "hold" rating on shares of Boise Cascade in a research note 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 company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $128.50.

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.