Sei Investments Co. Has $14.43 Million Holdings in Boise Cascade (NYSE:BCC)

Sei Investments Co. lessened its stake in shares of Boise Cascade (NYSE:BCC - Free Report) by 6.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 121,395 shares of the construction company's stock after selling 8,384 shares during the period. Sei Investments Co. owned about 0.32% of Boise Cascade worth $14,429,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BCC. R Squared Ltd acquired a new stake in shares of Boise Cascade during the fourth quarter valued at approximately $29,000. Larson Financial Group LLC grew its position in Boise Cascade by 23.9% during the 3rd quarter. Larson Financial Group LLC now owns 378 shares of the construction company's stock worth $53,000 after purchasing an additional 73 shares in the last quarter. Principal Securities Inc. raised its stake in Boise Cascade by 44.2% during the 4th quarter. Principal Securities Inc. now owns 473 shares of the construction company's stock valued at $56,000 after purchasing an additional 145 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Boise Cascade by 254.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 777 shares of the construction company's stock valued at $92,000 after purchasing an additional 558 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of 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 worth $179,000 after buying an additional 890 shares during the period. 96.18% of the stock is owned by hedge funds and other institutional investors.

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Boise Cascade Stock Up 3.2 %

NYSE BCC traded up $3.12 during trading on Wednesday, reaching $102.03. The company's stock had a trading volume of 284,106 shares, compared to its average volume of 324,735. The company has a current ratio of 3.34, a quick ratio of 1.92 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $3.87 billion, a PE ratio of 10.67 and a beta of 1.67. Boise Cascade has a 1-year low of $95.30 and a 1-year high of $155.42. The business has a 50-day moving average price of $110.55 and a 200-day moving average price of $126.75.

Boise Cascade (NYSE:BCC - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The construction company reported $1.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.01). The business 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, research analysts forecast that Boise Cascade will post 10.15 earnings per share for the current fiscal year.

Boise Cascade Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Monday, February 24th were paid 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 dividend yield of 0.82%. Boise Cascade's dividend payout ratio (DPR) is presently 8.79%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group reduced their price objective on 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 reduced their price target on shares of Boise Cascade from $145.00 to $140.00 and set a "buy" rating for the company in a research report on Monday, February 24th. Benchmark reaffirmed a "hold" rating on shares of Boise Cascade in a research report on Tuesday, February 25th. DA Davidson cut their target price on shares of Boise Cascade from $155.00 to $125.00 and set a "buy" rating for the company in a research report on Monday, February 24th. Finally, Truist Financial lowered their price target on shares of Boise Cascade from $157.00 to $134.00 and set a "buy" rating on the stock in a report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $128.50.

Insider Activity

In related news, COO Jeffrey Robert Strom sold 4,500 shares of Boise Cascade stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $100.21, for a total value 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. This trade represents a 10.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kristopher J. Matula sold 553 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $1,351,292.84. This trade represents a 4.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by insiders.

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.