New Age Alpha Advisors LLC Invests $500,000 in Boise Cascade (NYSE:BCC)

New Age Alpha Advisors LLC acquired a new stake in shares of Boise Cascade (NYSE:BCC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,205 shares of the construction company's stock, valued at approximately $500,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Boise Cascade in the 4th quarter worth approximately $55,680,000. Caisse Des Depots ET Consignations acquired a new stake in shares of Boise Cascade during the fourth quarter worth $1,096,000. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in shares of Boise Cascade by 71.5% in the fourth quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 7,081 shares of the construction company's stock valued at $842,000 after purchasing an additional 2,953 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its stake in Boise Cascade by 133.7% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 7,016 shares of the construction company's stock valued at $834,000 after purchasing an additional 4,014 shares during the last quarter. Finally, EFG Asset Management North America Corp. increased its stake in Boise Cascade by 59.1% in the fourth quarter. EFG Asset Management North America Corp. now owns 18,220 shares of the construction company's stock valued at $2,166,000 after purchasing an additional 6,770 shares during the last quarter. Hedge funds and other institutional investors own 96.18% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on BCC. DA Davidson lowered their price target on Boise Cascade from $155.00 to $125.00 and set a "buy" rating for the company in a report on Monday, February 24th. BMO Capital Markets lowered 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. Loop Capital dropped their price target on shares of Boise Cascade from $145.00 to $140.00 and set a "buy" rating for the company in a research report on Monday, February 24th. The Goldman Sachs Group decreased their price target on shares of Boise Cascade from $145.00 to $126.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. Finally, Benchmark restated a "hold" rating on shares of Boise Cascade in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Boise Cascade presently has an average rating of "Hold" and an average target price of $128.50.

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Insider Activity

In other Boise Cascade news, Director Kristopher J. Matula sold 553 shares of the company's 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 of the company's stock, valued at $1,351,292.84. This represents a 4.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Jeffrey Robert Strom sold 4,500 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $100.21, for a total value of $450,945.00. Following the sale, the chief operating officer now owns 38,026 shares of the company's stock, valued at $3,810,585.46. This represents a 10.58 % 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.

Boise Cascade Trading Up 0.8 %

BCC stock traded up $0.75 during midday trading on Friday, reaching $95.38. 827,560 shares of the company's stock traded hands, compared to its average volume of 327,322. Boise Cascade has a fifty-two week low of $89.59 and a fifty-two week high of $155.42. The business has a 50-day moving average price of $109.24 and a two-hundred day moving average price of $126.25. The company has a market capitalization of $3.62 billion, a P/E ratio of 9.98 and a beta of 1.67. 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 posted 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). Boise Cascade had a net margin of 5.60% and a return on equity of 17.04%. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.57 billion. Equities research analysts forecast that Boise Cascade will post 10.15 EPS for the current fiscal year.

Boise Cascade Announces Dividend

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

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.