New Age Alpha Advisors LLC Purchases New Shares in Boise Cascade (NYSE:BCC)

New Age Alpha Advisors LLC purchased a new stake in Boise Cascade (NYSE:BCC - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,205 shares of the construction company's stock, valued at approximately $500,000.

A number of other large investors have also recently bought and sold shares of BCC. Cerity Partners LLC grew its holdings in Boise Cascade by 34.5% during the third quarter. Cerity Partners LLC now owns 3,897 shares of the construction company's stock worth $549,000 after acquiring an additional 999 shares during the period. FMR LLC lifted its stake in shares of Boise Cascade by 158.9% in the third quarter. FMR LLC now owns 126,123 shares of the construction company's stock valued at $17,781,000 after purchasing an additional 77,401 shares during the period. BNP Paribas Financial Markets grew its position in Boise Cascade by 30.7% during the third quarter. BNP Paribas Financial Markets now owns 20,716 shares of the construction company's stock worth $2,921,000 after buying an additional 4,860 shares during the period. Bridgewater Associates LP purchased a new position in Boise Cascade in the third quarter valued at about $262,000. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Boise Cascade by 14.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 25,994 shares of the construction company's stock valued at $3,665,000 after acquiring an additional 3,298 shares during the period. Institutional investors and hedge funds own 96.18% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Truist Financial decreased their price objective on shares of Boise Cascade from $157.00 to $134.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Loop Capital lowered their target price 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 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 decreased 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. Finally, Benchmark restated a "hold" rating on shares of Boise Cascade in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Boise Cascade presently has a consensus rating of "Hold" and an average target price of $128.50.

Insider Activity

In other 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 transaction of $57,047.48. Following the transaction, the director now directly owns 13,099 shares in the company, valued at $1,351,292.84. The trade was a 4.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Jeffrey Robert Strom sold 4,500 shares of the company's 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 completion of the transaction, the chief operating officer now directly owns 38,026 shares in the company, valued at approximately $3,810,585.46. The trade was a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by corporate insiders.

Boise Cascade Price Performance

BCC stock traded up $0.75 during trading on Friday, hitting $95.38. The company had a trading volume of 827,560 shares, compared to its average volume of 327,713. The business has a 50 day moving average of $109.24 and a 200 day moving average of $126.11. The firm 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 current ratio of 3.34, a quick ratio of 1.92 and a debt-to-equity ratio of 0.22. Boise Cascade has a fifty-two week low of $89.59 and a fifty-two week high of $155.42.

Boise Cascade (NYSE:BCC - Get Free Report) last issued its quarterly 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 business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.57 billion. As a group, research analysts predict that Boise Cascade will post 10.15 earnings per share for the current year.

Boise Cascade Announces Dividend

The firm 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. The ex-dividend date was Monday, February 24th. This represents a $0.84 annualized dividend and a dividend yield of 0.88%. Boise Cascade's dividend payout ratio (DPR) is presently 8.79%.

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.