Charles Schwab Investment Management Inc. Raises Holdings in Boise Cascade (NYSE:BCC)

Charles Schwab Investment Management Inc. raised its stake in Boise Cascade (NYSE:BCC - Free Report) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 443,691 shares of the construction company's stock after acquiring an additional 6,182 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.16% of Boise Cascade worth $52,737,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC lifted its stake in Boise Cascade by 23.9% in the 3rd quarter. Larson Financial Group LLC now owns 378 shares of the construction company's stock valued at $53,000 after purchasing an additional 73 shares during the last quarter. Invst LLC lifted its stake in shares of Boise Cascade by 2.6% in the 3rd quarter. Invst LLC now owns 5,060 shares of the construction company's stock valued at $713,000 after acquiring an additional 128 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in shares of Boise Cascade by 4.2% during the 4th quarter. D.A. Davidson & CO. now owns 3,267 shares of the construction company's stock valued at $388,000 after acquiring an additional 133 shares in the last quarter. Principal Securities Inc. increased its holdings in Boise Cascade by 44.2% in the 4th quarter. Principal Securities Inc. now owns 473 shares of the construction company's stock worth $56,000 after purchasing an additional 145 shares in the last quarter. Finally, Orion Portfolio Solutions LLC grew its holdings in shares of Boise Cascade by 8.9% during the third quarter. Orion Portfolio Solutions LLC now owns 2,023 shares of the construction company's stock worth $285,000 after purchasing an additional 165 shares during the last quarter. 96.18% of the stock is currently owned by institutional investors and hedge funds.

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Boise Cascade Trading Up 0.7 %

Shares of Boise Cascade stock traded up $0.71 on Monday, hitting $100.06. 508,951 shares of the company's stock traded hands, compared to its average volume of 302,897. The company has a fifty day moving average of $116.54 and a two-hundred day moving average of $129.27. Boise Cascade has a one year low of $95.33 and a one year high of $155.42. The company has a market capitalization of $3.80 billion, a price-to-earnings ratio of 10.47 and a beta of 1.67. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.34 and a quick ratio of 1.92.

Boise Cascade (NYSE:BCC - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The construction company reported $1.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.79 by ($0.01). The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.57 billion. Boise Cascade had a return on equity of 17.04% and a net margin of 5.60%. As a group, sell-side 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 will be paid on Wednesday, March 19th. Shareholders of record on Monday, February 24th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Monday, February 24th. Boise Cascade's payout ratio is 8.79%.

Insider Buying and Selling at Boise Cascade

In related news, Director Kristopher J. Matula sold 553 shares of the company's stock in a transaction on 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 sale, the director now owns 13,099 shares in the company, valued at approximately $1,351,292.84. This represents a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Jeffrey Robert Strom sold 4,500 shares of the firm's 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 approximately $3,810,585.46. This trade represents a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Truist Financial reduced their target price 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. BMO Capital Markets cut their target price on Boise Cascade from $136.00 to $122.00 and set a "market perform" rating on the stock in a report on Tuesday, February 25th. DA Davidson reduced their price target on Boise Cascade from $155.00 to $125.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. The Goldman Sachs Group lowered their price objective 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, Benchmark reiterated a "hold" rating on shares of Boise Cascade in a report on Tuesday, February 25th. 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 stock. According to MarketBeat.com, Boise Cascade has a consensus rating of "Hold" and a consensus price target of $128.50.

Boise Cascade Company 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.