Royce & Associates LP Decreases Stock Holdings in Boise Cascade (NYSE:BCC)

Royce & Associates LP cut its position in shares of Boise Cascade (NYSE:BCC - Free Report) by 32.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,353 shares of the construction company's stock after selling 3,997 shares during the quarter. Royce & Associates LP's holdings in Boise Cascade were worth $993,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. R Squared Ltd bought a new position in shares of Boise Cascade during the fourth quarter valued at about $29,000. Larson Financial Group LLC boosted its holdings in Boise Cascade by 23.9% during the 3rd quarter. Larson Financial Group LLC now owns 378 shares of the construction company's stock valued at $53,000 after acquiring an additional 73 shares during the period. Principal Securities Inc. grew its position in 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 acquiring an additional 145 shares during the last quarter. Smartleaf Asset Management LLC increased 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 worth $92,000 after purchasing an additional 558 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its position in Boise Cascade by 234.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,270 shares of the construction company's stock valued at $179,000 after purchasing an additional 890 shares during the last quarter. 96.18% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of equities research analysts recently commented on BCC shares. BMO Capital Markets lowered their price target on shares of Boise Cascade from $136.00 to $122.00 and set a "market perform" rating for the company in a report on Tuesday, February 25th. The Goldman Sachs Group lowered their price objective on shares of Boise Cascade from $145.00 to $126.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. Loop Capital cut their target price on Boise Cascade from $145.00 to $140.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. DA Davidson reduced 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 report on Monday, February 24th. Finally, Truist Financial cut their target price on shares of Boise Cascade from $157.00 to $134.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $128.50.

Insider Buying and Selling at Boise Cascade

In other news, Director Kristopher J. Matula sold 553 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $103.16, for a total transaction of $57,047.48. Following the sale, the director now owns 13,099 shares in the company, valued at $1,351,292.84. This represents a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Jeffrey Robert Strom sold 4,500 shares of the business's stock in a transaction that occurred 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 transaction, the chief operating officer now owns 38,026 shares of the company's stock, valued at approximately $3,810,585.46. The trade was a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.98% of the stock is owned by company insiders.

Boise Cascade Stock Down 0.4 %

Shares of BCC stock traded down $0.39 during mid-day trading on Wednesday, reaching $100.94. 330,947 shares of the company's stock traded hands, compared to its average volume of 307,176. The company has a quick ratio of 1.92, a current ratio of 3.34 and a debt-to-equity ratio of 0.22. The company's 50-day moving average price is $113.97 and its 200-day moving average price is $127.86. The company has a market cap of $3.83 billion, a P/E ratio of 10.56 and a beta of 1.67. Boise Cascade has a 12 month low of $95.33 and a 12 month high of $155.42.

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 for the quarter, missing analysts' consensus estimates of $1.79 by ($0.01). Boise Cascade had a return on equity of 17.04% and a net margin of 5.60%. The business had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.57 billion. On average, equities analysts expect that Boise Cascade will post 10.15 earnings per share for the current fiscal year.

Boise Cascade Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Monday, February 24th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Monday, February 24th. 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.