Boise Cascade (NYSE:BCC) Shares Acquired by Marshall Wace LLP

Marshall Wace LLP grew its holdings in Boise Cascade (NYSE:BCC - Free Report) by 6.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 356,912 shares of the construction company's stock after purchasing an additional 22,678 shares during the quarter. Marshall Wace LLP owned about 0.93% of Boise Cascade worth $42,423,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in BCC. R Squared Ltd purchased a new stake in shares of Boise Cascade during the 4th quarter valued at approximately $29,000. Principal Securities Inc. grew its position in shares of Boise Cascade by 44.2% during the fourth quarter. Principal Securities Inc. now owns 473 shares of the construction company's stock worth $56,000 after buying an additional 145 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Boise Cascade by 254.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 777 shares of the construction company's stock valued at $92,000 after acquiring an additional 558 shares during the last quarter. PEAK6 LLC acquired a new stake in shares of Boise Cascade during the 4th quarter worth about $201,000. Finally, KBC Group NV lifted its stake in Boise Cascade by 41.3% during the fourth quarter. KBC Group NV now owns 1,732 shares of the construction company's stock worth $206,000 after purchasing an additional 506 shares during the last quarter. Hedge funds and other institutional investors own 96.18% of the company's stock.

Boise Cascade Price Performance

Shares of BCC traded up $1.57 during trading hours on Wednesday, reaching $94.60. 46,508 shares of the company traded hands, compared to its average volume of 327,089. The stock has a fifty day simple moving average of $100.53 and a 200 day simple moving average of $121.77. Boise Cascade has a fifty-two week low of $87.84 and a fifty-two week high of $155.42. The stock has a market capitalization of $3.60 billion, a PE ratio of 9.90 and a beta of 1.52. The company has a quick ratio of 1.92, a current ratio of 3.34 and a debt-to-equity ratio of 0.22.

Boise Cascade (NYSE:BCC - Get Free Report) last released its earnings results 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 firm had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.57 billion. As a group, research analysts predict that Boise Cascade will post 10.15 EPS for the current fiscal year.

Boise Cascade Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, February 24th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Monday, February 24th. Boise Cascade's dividend payout ratio (DPR) is 8.79%.

Insider Transactions at Boise Cascade

In other news, COO Jeffrey Robert Strom sold 4,500 shares of Boise Cascade stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $100.21, for a total value of $450,945.00. Following the transaction, the chief operating officer now directly owns 38,026 shares of the company's stock, valued at $3,810,585.46. The trade was a 10.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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 sale, the director now owns 13,099 shares of the company's stock, valued at approximately $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. Insiders own 0.98% of the company's stock.

Wall Street Analysts Forecast Growth

BCC has been the topic of a number of recent analyst reports. Truist Financial dropped their target price on shares of Boise Cascade from $134.00 to $118.00 and set a "buy" rating on the stock in a research report on Tuesday. Loop Capital reduced their target price on shares of Boise Cascade from $140.00 to $135.00 and set a "buy" rating for the company in a report on Monday, April 14th. The Goldman Sachs Group decreased 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. Benchmark reissued a "hold" rating on shares of Boise Cascade in a report on Tuesday, February 25th. Finally, BMO Capital Markets dropped their target price on shares of 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 investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $125.00.

About Boise Cascade

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.