Boise Cascade (NYSE:BCC) Shares Acquired by Invesco Ltd.

Invesco Ltd. grew its position in shares of Boise Cascade (NYSE:BCC - Free Report) by 8.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 358,368 shares of the construction company's stock after acquiring an additional 28,814 shares during the period. Invesco Ltd. owned about 0.93% of Boise Cascade worth $42,596,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of BCC. Aristides Capital LLC boosted its position in Boise Cascade by 39.9% during the 4th quarter. Aristides Capital LLC now owns 2,332 shares of the construction company's stock valued at $277,000 after acquiring an additional 665 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in Boise Cascade during the 4th quarter valued at about $549,000. Envestnet Asset Management Inc. raised its holdings in Boise Cascade by 6.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 134,715 shares of the construction company's stock worth $16,012,000 after acquiring an additional 8,357 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its stake in shares of Boise Cascade by 24.4% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 9,820 shares of the construction company's stock worth $1,167,000 after purchasing an additional 1,926 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Boise Cascade by 9.2% during the 4th quarter. Wells Fargo & Company MN now owns 90,347 shares of the construction company's stock valued at $10,739,000 after acquiring an additional 7,578 shares during the period. Hedge funds and other institutional investors own 96.18% of the company's stock.

Wall Street Analyst Weigh In

BCC has been the topic of several recent research reports. DA Davidson lowered their price objective on shares of Boise Cascade from $155.00 to $125.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. BMO Capital Markets cut their target price on Boise Cascade from $136.00 to $122.00 and set a "market perform" rating for the company in a research report on Tuesday, February 25th. Benchmark reiterated a "hold" rating on shares of Boise Cascade in a research note on Tuesday, February 25th. The Goldman Sachs Group lowered their target price on Boise Cascade from $145.00 to $126.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. Finally, Loop Capital dropped their price target 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $125.00.

Insider Activity at Boise Cascade

In related news, COO Jeffrey Robert Strom sold 4,500 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $100.21, for a total value of $450,945.00. Following the completion of the transaction, the chief operating officer now owns 38,026 shares in the company, valued at $3,810,585.46. This trade represents a 10.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kristopher J. Matula sold 553 shares of Boise Cascade stock in a transaction dated Tuesday, February 25th. The stock was 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 trade represents a 4.05 % decrease in their position. The disclosure for this sale can be found here. 0.98% of the stock is owned by corporate insiders.

Boise Cascade Trading Up 2.2 %

BCC stock traded up $1.99 during midday trading on Tuesday, reaching $92.79. The company's stock had a trading volume of 313,247 shares, compared to its average volume of 328,199. Boise Cascade has a 1 year low of $87.84 and a 1 year high of $155.42. The stock has a fifty day simple moving average of $100.53 and a two-hundred day simple moving average of $121.77. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of 9.71 and a beta of 1.52. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.92 and a current ratio of 3.34.

Boise Cascade (NYSE:BCC - Get Free Report) last issued its 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). The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.57 billion. Boise Cascade had a net margin of 5.60% and a return on equity of 17.04%. On average, equities research analysts predict that Boise Cascade will post 10.15 EPS for the current year.

Boise Cascade Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, February 24th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.84 annualized dividend and a yield of 0.91%. Boise Cascade's dividend payout ratio (DPR) 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.