Leuthold Group LLC Sells 2,930 Shares of Boise Cascade (NYSE:BCC)

Leuthold Group LLC cut its position in shares of Boise Cascade (NYSE:BCC - Free Report) by 12.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,356 shares of the construction company's stock after selling 2,930 shares during the quarter. Leuthold Group LLC owned 0.06% of Boise Cascade worth $2,538,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Tidal Investments LLC boosted its holdings in shares of Boise Cascade by 341.9% in the 3rd quarter. Tidal Investments LLC now owns 15,808 shares of the construction company's stock valued at $2,229,000 after buying an additional 12,231 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Boise Cascade by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 437,509 shares of the construction company's stock worth $61,680,000 after buying an additional 9,128 shares during the last quarter. Fulcrum Capital LLC bought a new stake in Boise Cascade during the fourth quarter worth $1,092,000. Allspring Global Investments Holdings LLC lifted its stake in Boise Cascade by 56.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 89,163 shares of the construction company's stock valued at $12,570,000 after acquiring an additional 32,303 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in Boise Cascade by 5.0% in the fourth quarter. Nordea Investment Management AB now owns 120,816 shares of the construction company's stock valued at $14,454,000 after acquiring an additional 5,779 shares during the last quarter. Institutional investors and hedge funds own 96.18% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on BCC shares. Benchmark reaffirmed a "hold" rating on shares of Boise Cascade in a report on Tuesday. StockNews.com downgraded Boise Cascade from a "buy" rating to a "hold" rating in a research report on Wednesday, November 6th. Loop Capital cut their price objective on Boise Cascade from $145.00 to $140.00 and set a "buy" rating for the company in a research report on Monday. The Goldman Sachs Group reduced their target price on Boise Cascade from $145.00 to $126.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. Finally, BMO Capital Markets dropped 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $128.50.

Boise Cascade Stock Performance

Shares of NYSE:BCC traded down $2.40 during trading on Wednesday, reaching $104.03. 417,234 shares of the stock were exchanged, compared to its average volume of 318,520. The firm has a market cap of $3.95 billion, a PE ratio of 10.88 and a beta of 1.57. The company has a current ratio of 3.34, a quick ratio of 1.92 and a debt-to-equity ratio of 0.22. Boise Cascade has a 12 month low of $102.27 and a 12 month high of $155.42. The stock has a 50-day moving average price of $121.97 and a 200-day moving average price of $132.03.

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 analysts' consensus estimates of $1.79 by ($0.01). Boise Cascade had a net margin of 5.60% and a return on equity of 17.04%. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.57 billion. Research analysts expect that Boise Cascade will post 10.15 EPS for the current fiscal year.

Boise Cascade Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Monday, February 24th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Monday, February 24th. Boise Cascade's dividend payout ratio is currently 8.79%.

Boise Cascade 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.