Mitsubishi UFJ Trust & Banking Corp Has $834,000 Stock Holdings in Boise Cascade (NYSE:BCC)

Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Boise Cascade (NYSE:BCC - Free Report) by 133.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,016 shares of the construction company's stock after buying an additional 4,014 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in Boise Cascade were worth $834,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Invst LLC boosted its holdings in shares of Boise Cascade by 2.6% during the third quarter. Invst LLC now owns 5,060 shares of the construction company's stock worth $713,000 after acquiring an additional 128 shares during the period. D.A. Davidson & CO. boosted its stake in Boise Cascade by 4.2% in the 4th quarter. D.A. Davidson & CO. now owns 3,267 shares of the construction company's stock valued at $388,000 after purchasing an additional 133 shares during the period. Principal Securities Inc. grew its holdings in Boise Cascade by 44.2% in the 4th quarter. Principal Securities Inc. now owns 473 shares of the construction company's stock valued at $56,000 after buying an additional 145 shares in the last quarter. Orion Portfolio Solutions LLC increased its position in Boise Cascade by 8.9% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 2,023 shares of the construction company's stock worth $285,000 after buying an additional 165 shares during the period. Finally, Bridge City Capital LLC lifted its holdings in shares of Boise Cascade by 0.9% during the fourth quarter. Bridge City Capital LLC now owns 21,528 shares of the construction company's stock worth $2,559,000 after buying an additional 192 shares in the last quarter. Institutional investors own 96.18% of the company's stock.

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Insider Activity at Boise Cascade

In related news, Director Kristopher J. Matula sold 553 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $103.16, for a total value of $57,047.48. Following the transaction, the director now owns 13,099 shares in the company, valued at $1,351,292.84. The trade was a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $450,945.00. Following the sale, the chief operating officer now directly owns 38,026 shares in the company, valued at $3,810,585.46. This trade represents a 10.58 % decrease in their position. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by company insiders.

Boise Cascade Price Performance

BCC stock traded up $0.75 during trading on Friday, reaching $95.38. 827,560 shares of the company were exchanged, compared to its average volume of 327,713. The company has a market capitalization of $3.62 billion, a price-to-earnings ratio of 9.98 and a beta of 1.52. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.34 and a quick ratio of 1.92. The company has a 50-day moving average of $109.24 and a two-hundred day moving average of $126.11. Boise Cascade has a twelve month low of $89.59 and a twelve month high of $155.42.

Boise Cascade (NYSE:BCC - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The construction company reported $1.78 EPS for the quarter, missing analysts' consensus estimates of $1.79 by ($0.01). The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.57 billion. Boise Cascade had a net margin of 5.60% and a return on equity of 17.04%. As a group, equities analysts predict that Boise Cascade will post 10.15 earnings per share for the current fiscal year.

Boise Cascade Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Monday, February 24th were paid a $0.21 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.84 annualized dividend and a dividend yield of 0.88%. Boise Cascade's dividend payout ratio is 8.79%.

Wall Street Analysts Forecast Growth

BCC has been the subject of a number of recent research reports. Loop Capital cut their price objective on shares of Boise Cascade from $145.00 to $140.00 and set a "buy" rating for the company in a report on Monday, February 24th. 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 research note on Monday, February 24th. BMO Capital Markets lowered their price objective 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. Benchmark reaffirmed a "hold" rating on shares of Boise Cascade in a report on Tuesday, February 25th. Finally, DA Davidson reduced their target price on Boise Cascade from $155.00 to $125.00 and set a "buy" rating on the stock in a report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price 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.