Jeffrey Robert Strom Sells 4,500 Shares of Boise Cascade (NYSE:BCC) Stock

Boise Cascade (NYSE:BCC - Get Free Report) COO Jeffrey Robert Strom sold 4,500 shares of the company'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 completion of the sale, the chief operating officer now owns 38,026 shares of the company's stock, valued at approximately $3,810,585.46. The trade was a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Boise Cascade Trading Down 2.2 %

Shares of NYSE BCC traded down $2.28 during trading on Monday, reaching $99.34. The stock had a trading volume of 468,323 shares, compared to its average volume of 340,512. The business's 50-day moving average price is $118.56 and its 200-day moving average price is $130.56. Boise Cascade has a fifty-two week low of $97.21 and a fifty-two week high of $155.42. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.92 and a current ratio of 3.34. The company has a market cap of $3.77 billion, a P/E ratio of 10.39 and a beta of 1.67.

Boise Cascade (NYSE:BCC - Get Free Report) last issued 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). 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. On average, equities research analysts predict that Boise Cascade will post 10.15 EPS for the current fiscal year.

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Boise Cascade Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Monday, February 24th will be given a $0.21 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $0.84 annualized dividend and a yield of 0.85%. Boise Cascade's dividend payout ratio is presently 8.79%.

Institutional Trading of Boise Cascade

A number of large investors have recently modified their holdings of the stock. Westwood Holdings Group Inc. boosted its holdings in Boise Cascade by 3.9% in the fourth quarter. Westwood Holdings Group Inc. now owns 1,192,621 shares of the construction company's stock valued at $141,755,000 after purchasing an additional 45,010 shares during the period. American Century Companies Inc. boosted its stake in shares of Boise Cascade by 12.0% in 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 buying an additional 121,790 shares during the period. First Trust Advisors LP grew its position in shares of Boise Cascade by 37.9% during the fourth quarter. First Trust Advisors LP now owns 712,527 shares of the construction company's stock worth $84,691,000 after buying an additional 195,773 shares in the last quarter. Northern Trust Corp raised its holdings in Boise Cascade by 17.8% in the fourth quarter. Northern Trust Corp now owns 483,165 shares of the construction company's stock valued at $57,429,000 after acquiring an additional 73,061 shares in the last quarter. Finally, Norges Bank purchased a new position in Boise Cascade in the fourth quarter worth approximately $55,680,000. Hedge funds and other institutional investors own 96.18% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Truist Financial decreased 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. Loop Capital decreased their price objective on Boise Cascade from $145.00 to $140.00 and set a "buy" rating on the stock in a report on Monday, February 24th. DA Davidson cut their target price on Boise Cascade from $155.00 to $125.00 and set a "buy" rating for the company in a research note on Monday, February 24th. BMO Capital Markets decreased their price target on Boise Cascade from $136.00 to $122.00 and set a "market perform" rating on the stock in a research note on Tuesday, February 25th. Finally, The Goldman Sachs Group cut 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. 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 company currently has a consensus rating of "Hold" and an average 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.