IQ EQ FUND MANAGEMENT IRELAND Ltd Increases Holdings in Boise Cascade (NYSE:BCC)

IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its holdings in Boise Cascade (NYSE:BCC - Free Report) by 71.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,081 shares of the construction company's stock after buying an additional 2,953 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Boise Cascade were worth $842,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BCC. American Century Companies Inc. lifted its position in shares of Boise Cascade by 12.0% during the 4th quarter. American Century Companies Inc. now owns 1,134,364 shares of the construction company's stock valued at $134,831,000 after acquiring an additional 121,790 shares during the period. Bank of Montreal Can raised its holdings in Boise Cascade by 1,597.4% during the third quarter. Bank of Montreal Can now owns 126,559 shares of the construction company's stock worth $17,907,000 after purchasing an additional 119,103 shares during the last quarter. FMR LLC raised its holdings in Boise Cascade by 158.9% during the third quarter. FMR LLC now owns 126,123 shares of the construction company's stock worth $17,781,000 after purchasing an additional 77,401 shares during the last quarter. Barclays PLC boosted its position in Boise Cascade by 174.1% during the third quarter. Barclays PLC now owns 90,366 shares of the construction company's stock worth $12,739,000 after purchasing an additional 57,403 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Boise Cascade in the third quarter valued at $7,653,000. Institutional investors and hedge funds own 96.18% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts recently commented on BCC shares. DA Davidson decreased their price objective on shares of Boise Cascade from $155.00 to $125.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. BMO Capital Markets lowered their price target on shares of Boise Cascade from $136.00 to $122.00 and set a "market perform" rating on the stock in a research report on Tuesday, February 25th. Benchmark reissued a "hold" rating on shares of Boise Cascade in a research note on Tuesday, February 25th. Loop Capital lowered their target price on Boise Cascade from $145.00 to $140.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Finally, Truist Financial cut their price target on Boise Cascade from $157.00 to $134.00 and set a "buy" rating for the company in a report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $128.50.

Boise Cascade Trading Up 0.8 %

BCC traded up $0.79 during trading on Tuesday, hitting $98.88. The company's stock had a trading volume of 39,835 shares, compared to its average volume of 368,343. Boise Cascade has a twelve month low of $95.30 and a twelve month high of $155.42. The stock has a market cap of $3.75 billion, a PE ratio of 10.34 and a beta of 1.67. The firm's 50 day moving average price is $111.68 and its 200-day moving average price is $127.19. 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 released its earnings results on Thursday, February 20th. The construction company reported $1.78 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.01). The business had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.57 billion. Boise Cascade had a return on equity of 17.04% and a net margin of 5.60%. On average, analysts expect that Boise Cascade will post 10.15 earnings per share for the current year.

Boise Cascade Announces Dividend

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

Insider Buying and Selling

In other Boise Cascade news, COO Jeffrey Robert Strom sold 4,500 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $100.21, for a total transaction of $450,945.00. Following the completion of the sale, the chief operating officer now directly owns 38,026 shares in the company, valued at $3,810,585.46. This represents a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kristopher J. Matula sold 553 shares of Boise Cascade stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $103.16, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by company insiders.

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.