Great Lakes Advisors LLC Decreases Stock Position in Boise Cascade (NYSE:BCC)

Great Lakes Advisors LLC lowered its position in Boise Cascade (NYSE:BCC - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 29,624 shares of the construction company's stock after selling 2,570 shares during the quarter. Great Lakes Advisors LLC owned about 0.08% of Boise Cascade worth $3,521,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in Boise Cascade in the 4th quarter worth about $29,000. Larson Financial Group LLC increased its holdings in Boise Cascade by 23.9% in the 3rd quarter. Larson Financial Group LLC now owns 378 shares of the construction company's stock worth $53,000 after acquiring an additional 73 shares during 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 acquiring an additional 145 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings 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 acquiring an additional 558 shares during the last quarter. Finally, KBC Group NV increased its holdings in Boise Cascade by 19.0% in the 3rd quarter. KBC Group NV now owns 1,226 shares of the construction company's stock worth $173,000 after acquiring an additional 196 shares during the last quarter. Hedge funds and other institutional investors own 96.18% of the company's stock.

Boise Cascade Price Performance

BCC stock traded up $0.89 during mid-day trading on Wednesday, reaching $100.23. 395,876 shares of the company traded hands, compared to its average volume of 348,021. Boise Cascade has a 52-week low of $95.33 and a 52-week high of $155.42. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.34 and a quick ratio of 1.92. The company has a market capitalization of $3.80 billion, a P/E ratio of 10.48 and a beta of 1.67. The company has a fifty day moving average price of $115.76 and a 200-day moving average price of $128.78.

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Boise Cascade (NYSE:BCC - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The construction company reported $1.78 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 business had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.57 billion. As a group, analysts anticipate that Boise Cascade will post 10.15 earnings per share for the current year.

Boise Cascade Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Monday, February 24th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Monday, February 24th. Boise Cascade's payout ratio is 8.79%.

Insider Transactions at Boise Cascade

In other Boise Cascade news, COO Jeffrey Robert Strom sold 4,500 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $100.21, for a total transaction of $450,945.00. Following the transaction, the chief operating officer now directly owns 38,026 shares in the company, valued at $3,810,585.46. This trade represents a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kristopher J. Matula sold 553 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at approximately $1,351,292.84. The trade was 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 owned by insiders.

Wall Street Analyst Weigh In

BCC has been the subject of several recent research reports. 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. Benchmark reaffirmed a "hold" rating on shares of Boise Cascade in a report on Tuesday, February 25th. Truist Financial reduced their target price on Boise Cascade from $157.00 to $134.00 and set a "buy" rating for the company in a report on Monday, February 24th. DA Davidson reduced their target price on Boise Cascade from $155.00 to $125.00 and set a "buy" rating for the company in a report on Monday, February 24th. Finally, BMO Capital Markets reduced their target price on Boise Cascade from $136.00 to $122.00 and set a "market perform" rating for the company 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 given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price 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.