EFG Asset Management North America Corp. Purchases 6,770 Shares of Boise Cascade (NYSE:BCC)

EFG Asset Management North America Corp. grew its position in Boise Cascade (NYSE:BCC - Free Report) by 59.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,220 shares of the construction company's stock after purchasing an additional 6,770 shares during the period. EFG Asset Management North America Corp.'s holdings in Boise Cascade were worth $2,166,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in BCC. 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 acquiring an additional 73 shares in the last quarter. Invst LLC raised its holdings in Boise Cascade by 2.6% during the third quarter. Invst LLC now owns 5,060 shares of the construction company's stock worth $713,000 after acquiring an additional 128 shares in the last quarter. D.A. Davidson & CO. boosted its position in Boise Cascade by 4.2% during the fourth quarter. D.A. Davidson & CO. now owns 3,267 shares of the construction company's stock valued at $388,000 after purchasing an additional 133 shares during the last quarter. Principal Securities Inc. grew its stake in Boise Cascade by 44.2% in the fourth quarter. Principal Securities Inc. now owns 473 shares of the construction company's stock valued at $56,000 after purchasing an additional 145 shares in the last quarter. Finally, Orion Portfolio Solutions LLC increased its position in shares of Boise Cascade by 8.9% during the 3rd 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. Institutional investors own 96.18% of the company's stock.

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Analyst Ratings Changes

Several equities analysts recently weighed in on BCC shares. BMO Capital Markets decreased their target price 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. Loop Capital decreased their price objective 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. The Goldman Sachs Group lowered their price objective on shares of Boise Cascade from $145.00 to $126.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 14th. Truist Financial cut their target price on shares of Boise Cascade from $157.00 to $134.00 and set a "buy" rating for the company in a research note on Monday, February 24th. 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 given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $128.50.

Insider Transactions at Boise Cascade

In related news, Director Kristopher J. Matula sold 553 shares of the company's 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 completion of the transaction, the director now directly owns 13,099 shares in the company, valued at $1,351,292.84. This represents a 4.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jeffrey Robert Strom sold 4,500 shares of the company's stock in a transaction 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 transaction, the chief operating officer now owns 38,026 shares of the company's stock, valued at $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.

Boise Cascade Stock Performance

Shares of NYSE BCC traded down $2.08 during mid-day trading on Friday, reaching $98.28. 378,873 shares of the company were exchanged, compared to its average volume of 325,492. The stock has a market capitalization of $3.73 billion, a P/E ratio of 10.28 and a beta of 1.67. 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 simple moving average is $112.29 and its 200-day simple moving average is $127.36. Boise Cascade has a twelve month low of $95.33 and a twelve month high of $155.42.

Boise Cascade (NYSE:BCC - Get Free Report) last issued 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). Boise Cascade had a return on equity of 17.04% and a net margin of 5.60%. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.57 billion. As a group, research analysts predict that Boise Cascade will post 10.15 earnings per share for the current year.

Boise Cascade Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Monday, February 24th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Monday, February 24th. Boise Cascade's dividend payout ratio is currently 8.79%.

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.