Nisa Investment Advisors LLC cut its holdings in Boise Cascade (NYSE:BCC - Free Report) by 24.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,577 shares of the construction company's stock after selling 2,813 shares during the period. Nisa Investment Advisors LLC's holdings in Boise Cascade were worth $1,019,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Tidal Investments LLC increased its position 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 purchasing an additional 12,231 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Boise Cascade by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 437,509 shares of the construction company's stock valued at $61,680,000 after purchasing an additional 9,128 shares during the last quarter. Fulcrum Capital LLC acquired a new position in shares of Boise Cascade in the 4th quarter valued at $1,092,000. Allspring Global Investments Holdings LLC grew its position in shares of Boise Cascade by 56.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 89,163 shares of the construction company's stock valued at $12,570,000 after buying an additional 32,303 shares during the last quarter. Finally, Nordea Investment Management AB boosted 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 in the last quarter. Institutional investors and hedge funds own 96.18% of the company's stock.
Wall Street Analysts Forecast Growth
BCC has been the subject of several research analyst reports. BMO Capital Markets increased their price objective on Boise Cascade from $130.00 to $136.00 and gave the company a "market perform" rating in a report on Tuesday, October 22nd. StockNews.com cut shares of Boise Cascade from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th. The Goldman Sachs Group lowered their target price on Boise Cascade from $145.00 to $126.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 14th. Truist Financial lowered their target price on shares of Boise Cascade from $161.00 to $157.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Finally, Loop Capital started coverage on Boise Cascade in a research report on Friday, November 1st. They set a "buy" rating and a $155.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $139.60.
Read Our Latest Stock Report on Boise Cascade
Boise Cascade Price Performance
BCC traded down $2.19 during trading on Friday, reaching $126.48. 170,528 shares of the stock were exchanged, compared to its average volume of 275,384. Boise Cascade has a 1 year low of $113.38 and a 1 year high of $155.42. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of 12.38 and a beta of 1.58. The business's 50 day moving average price is $130.74 and its two-hundred day moving average price is $133.66. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.13 and a quick ratio of 1.90.
Boise Cascade (NYSE:BCC - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The construction company reported $2.33 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.04). The business had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.72 billion. Boise Cascade had a net margin of 5.95% and a return on equity of 18.24%. The firm's revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.58 earnings per share. As a group, equities research analysts anticipate that Boise Cascade will post 9.6 earnings per share for the current year.
Boise Cascade Company Profile
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Free Report)
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.
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