Boise Cascade (NYSE:BCC) Shares Sold by Royce & Associates LP

Royce & Associates LP decreased its holdings in shares of Boise Cascade (NYSE:BCC - Free Report) by 32.4% during the 4th quarter, according to the company in its most recent Form 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 period. Royce & Associates LP's holdings in Boise Cascade were worth $993,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BCC. Bank of Montreal Can lifted its holdings in Boise Cascade by 1,597.4% in the 3rd quarter. Bank of Montreal Can now owns 126,559 shares of the construction company's stock worth $17,907,000 after buying an additional 119,103 shares during the period. FMR LLC lifted its position in Boise Cascade by 158.9% during the third quarter. FMR LLC now owns 126,123 shares of the construction company's stock valued at $17,781,000 after purchasing an additional 77,401 shares in the last quarter. Barclays PLC grew its holdings in Boise Cascade by 174.1% during the 3rd quarter. Barclays PLC now owns 90,366 shares of the construction company's stock valued at $12,739,000 after buying an additional 57,403 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Boise Cascade during the third quarter valued at approximately $7,653,000. Finally, World Investment Advisors LLC bought a new position in shares of Boise Cascade during the 3rd quarter valued at approximately $3,995,000. Hedge funds and other institutional investors own 96.18% of the company's stock.

Boise Cascade Price Performance

Shares of BCC traded down $1.89 during trading hours on Tuesday, hitting $101.39. 385,361 shares of the stock were exchanged, compared to its average volume of 306,953. The stock's 50-day moving average price is $113.97 and its two-hundred day moving average price is $127.86. Boise Cascade has a 12-month low of $95.33 and a 12-month high of $155.42. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.92 and a current ratio of 3.34. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 10.61 and a beta of 1.67.

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Boise Cascade (NYSE:BCC - Get Free Report) last issued its earnings results on Thursday, February 20th. The construction company reported $1.78 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 business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.57 billion. Research analysts expect that Boise Cascade will post 10.15 earnings per share for the current year.

Boise Cascade Announces Dividend

The business also recently declared 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. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date was Monday, February 24th. Boise Cascade's dividend payout ratio is presently 8.79%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. BMO Capital Markets reduced their price objective on shares of 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 shares of Boise Cascade from $145.00 to $126.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. Loop Capital decreased their price objective on Boise Cascade from $145.00 to $140.00 and set a "buy" rating for the company in a report on Monday, February 24th. DA Davidson dropped their target price on Boise Cascade from $155.00 to $125.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Finally, Truist Financial decreased their price target on Boise Cascade from $157.00 to $134.00 and set a "buy" rating for the company in a report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $128.50.

Insider Activity at Boise Cascade

In other news, Director Kristopher J. Matula sold 553 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $103.16, for a total transaction of $57,047.48. Following the completion of the transaction, the director now directly owns 13,099 shares of the company's stock, valued at approximately $1,351,292.84. This represents a 4.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Jeffrey Robert Strom sold 4,500 shares of the stock in a transaction dated Wednesday, March 5th. The shares were 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 approximately $3,810,585.46. The trade was a 10.58 % decrease in their position. The disclosure for this sale can be found here. 0.98% of the stock is owned by insiders.

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.