Assetmark Inc. Has $7.69 Million Position in Boise Cascade (NYSE:BCC)

Assetmark Inc. grew its stake in Boise Cascade (NYSE:BCC - Free Report) by 10.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,522 shares of the construction company's stock after buying an additional 5,019 shares during the period. Assetmark Inc. owned 0.14% of Boise Cascade worth $7,687,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. QRG Capital Management Inc. grew its position in Boise Cascade by 2.5% during the third quarter. QRG Capital Management Inc. now owns 31,495 shares of the construction company's stock worth $4,440,000 after buying an additional 780 shares in the last quarter. Van ECK Associates Corp raised its holdings in Boise Cascade by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 24,415 shares of the construction company's stock worth $3,269,000 after purchasing an additional 6,975 shares during the period. Harbor Capital Advisors Inc. purchased a new position in Boise Cascade in the third quarter worth about $28,000. First Trust Direct Indexing L.P. lifted its stake in Boise Cascade by 7.3% in the third quarter. First Trust Direct Indexing L.P. now owns 1,893 shares of the construction company's stock worth $267,000 after purchasing an additional 128 shares during the last quarter. Finally, GW Henssler & Associates Ltd. purchased a new position in Boise Cascade during the third quarter valued at approximately $211,000. Institutional investors and hedge funds own 96.18% of the company's stock.

Analysts Set New Price Targets

BCC has been the subject of several research analyst reports. Bank of America upped their price target on shares of Boise Cascade from $120.00 to $124.00 and gave the stock an "underperform" rating in a research report on Thursday, September 12th. Truist Financial raised their price target on Boise Cascade from $154.00 to $161.00 and gave the stock a "buy" rating in a report on Tuesday, October 15th. StockNews.com downgraded Boise Cascade from a "buy" rating to a "hold" rating in a research report on Wednesday, November 6th. BMO Capital Markets boosted their price objective on shares of Boise Cascade from $130.00 to $136.00 and gave the company a "market perform" rating in a research note on Tuesday, October 22nd. Finally, Loop Capital began coverage on shares of Boise Cascade in a report on Friday, November 1st. They issued a "buy" rating and a $155.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Boise Cascade currently has an average rating of "Hold" and an average target price of $139.60.

Boise Cascade Stock Performance

Shares of NYSE:BCC traded down $2.01 during midday trading on Tuesday, reaching $141.13. 236,926 shares of the company's stock traded hands, compared to its average volume of 308,613. The stock has a 50 day moving average of $136.67 and a 200 day moving average of $132.65. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.08 and a current ratio of 3.13. Boise Cascade has a one year low of $104.47 and a one year high of $154.67. The company has a market cap of $5.42 billion, a price-to-earnings ratio of 14.01 and a beta of 1.53.

Boise Cascade (NYSE:BCC - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The construction company reported $2.33 earnings per share for the quarter, missing the consensus estimate of $2.37 by ($0.04). Boise Cascade had a net margin of 5.95% and a return on equity of 18.24%. The firm had revenue of $1.71 billion for the quarter, compared to analysts' expectations of $1.72 billion. During the same quarter in the previous year, the firm posted $3.58 EPS. The firm's revenue for the quarter was down 6.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Boise Cascade will post 9.57 EPS for the current fiscal year.

Boise Cascade Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, December 2nd will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Monday, December 2nd. Boise Cascade's dividend payout ratio (DPR) is presently 8.22%.

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.