First Trust Advisors LP Has $84.69 Million Position in Boise Cascade (NYSE:BCC)

First Trust Advisors LP increased its stake in shares of Boise Cascade (NYSE:BCC - Free Report) by 37.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 712,527 shares of the construction company's stock after acquiring an additional 195,773 shares during the period. First Trust Advisors LP owned 1.86% of Boise Cascade worth $84,691,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. R Squared Ltd acquired a new position in Boise Cascade during the fourth quarter valued at approximately $29,000. Principal Securities Inc. boosted its holdings in shares of Boise Cascade by 44.2% during the 4th quarter. Principal Securities Inc. now owns 473 shares of the construction company's stock worth $56,000 after buying an additional 145 shares during the period. Smartleaf Asset Management LLC grew its stake in Boise Cascade by 254.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 777 shares of the construction company's stock valued at $92,000 after buying an additional 558 shares during the last quarter. PEAK6 LLC bought a new position in Boise Cascade in the 4th quarter worth $201,000. Finally, KBC Group NV lifted its position in Boise Cascade by 41.3% during the 4th quarter. KBC Group NV now owns 1,732 shares of the construction company's stock worth $206,000 after acquiring an additional 506 shares during the last quarter. 96.18% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BCC shares. Benchmark reiterated a "hold" rating on shares of Boise Cascade in a research note on Tuesday, February 25th. BMO Capital Markets cut their price target on Boise Cascade from $136.00 to $122.00 and set a "market perform" rating for the company in a report on Tuesday, February 25th. Loop Capital lowered their price objective on shares of Boise Cascade from $140.00 to $135.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. DA Davidson dropped their target price on shares of Boise Cascade from $155.00 to $125.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Finally, The Goldman Sachs Group reduced 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $125.00.

Insiders Place Their Bets

In other news, COO Jeffrey Robert Strom sold 4,500 shares of Boise Cascade stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $100.21, for a total transaction of $450,945.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kristopher J. Matula sold 553 shares of the stock in a transaction that occurred on 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 approximately $1,351,292.84. The trade was a 4.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.98% of the company's stock.

Boise Cascade Trading Down 0.7 %

Shares of BCC stock traded down $0.72 during trading hours on Friday, reaching $95.37. The company had a trading volume of 243,643 shares, compared to its average volume of 327,810. Boise Cascade has a 1-year low of $87.84 and a 1-year high of $155.42. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.34 and a quick ratio of 1.92. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 9.98 and a beta of 1.52. The company has a 50 day moving average of $99.44 and a 200 day moving average of $121.26.

Boise Cascade (NYSE:BCC - Get Free Report) last released its earnings results on Thursday, February 20th. The construction company reported $1.78 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.01). The company had revenue of $1.57 billion during the quarter, compared to analyst estimates 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 anticipate that Boise Cascade will post 10.15 EPS for the current year.

Boise Cascade Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, February 24th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend was Monday, February 24th. Boise Cascade's payout ratio 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.