Boise Cascade (NYSE:BCC) Shares Purchased by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC lifted its position in shares of Boise Cascade (NYSE:BCC - Free Report) by 22.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,279 shares of the construction company's stock after acquiring an additional 4,257 shares during the quarter. Integrated Wealth Concepts LLC owned 0.06% of Boise Cascade worth $3,282,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. boosted its stake in shares of Boise Cascade by 107.7% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,117,914 shares of the construction company's stock worth $133,278,000 after acquiring an additional 579,759 shares in the last quarter. Marshall Wace LLP boosted its position in Boise Cascade by 2,978.4% during the second quarter. Marshall Wace LLP now owns 191,047 shares of the construction company's stock worth $22,777,000 after purchasing an additional 184,841 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in Boise Cascade by 46.0% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 383,000 shares of the construction company's stock valued at $45,661,000 after purchasing an additional 120,600 shares during the last quarter. Bank of Montreal Can increased its position in shares of Boise Cascade by 1,597.4% in the third quarter. Bank of Montreal Can now owns 126,559 shares of the construction company's stock valued at $17,907,000 after buying an additional 119,103 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Boise Cascade by 158.9% during the 3rd quarter. FMR LLC now owns 126,123 shares of the construction company's stock worth $17,781,000 after buying an additional 77,401 shares during the last quarter. 96.18% of the stock is owned by hedge funds and other institutional investors.

Boise Cascade Trading Up 1.0 %

Shares of BCC stock traded up $1.39 during mid-day trading on Friday, hitting $145.83. 170,401 shares of the company's stock were exchanged, compared to its average volume of 302,048. The stock has a market cap of $5.60 billion, a price-to-earnings ratio of 14.13 and a beta of 1.53. The stock has a 50-day simple moving average of $140.91 and a two-hundred day simple moving average of $133.72. Boise Cascade has a fifty-two week low of $109.01 and a fifty-two week high of $155.42. The company has a quick ratio of 1.90, a current ratio of 3.13 and a debt-to-equity ratio of 0.22.

Boise Cascade (NYSE:BCC - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The construction company reported $2.33 EPS for the quarter, missing analysts' consensus estimates of $2.37 by ($0.04). Boise Cascade had a net margin of 5.95% and a return on equity of 18.24%. The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period in the prior year, the company earned $3.58 EPS. The company's revenue was down 6.6% compared to the same quarter last year. Equities analysts expect that Boise Cascade will post 9.57 EPS for the current fiscal year.

Boise Cascade Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, December 2nd will be issued a $0.21 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.58%. Boise Cascade's dividend payout ratio (DPR) is presently 8.22%.

Wall Street Analyst Weigh In

Several research firms have weighed in on BCC. StockNews.com downgraded shares of Boise Cascade from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th. Truist Financial lifted their price objective on Boise Cascade from $154.00 to $161.00 and gave the stock a "buy" rating in a research report on Tuesday, October 15th. Bank of America increased their target price on Boise Cascade from $120.00 to $124.00 and gave the company an "underperform" rating in a report on Thursday, September 12th. BMO Capital Markets boosted their price target on Boise Cascade from $130.00 to $136.00 and gave the stock a "market perform" rating in a report on Tuesday, October 22nd. Finally, Loop Capital began coverage on Boise Cascade in a research report on Friday, November 1st. They set a "buy" rating and a $155.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Boise Cascade presently has a consensus rating of "Hold" and a consensus target price of $139.60.

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.