DekaBank Deutsche Girozentrale Raises Position in Boise Cascade (NYSE:BCC)

DekaBank Deutsche Girozentrale raised its position in shares of Boise Cascade (NYSE:BCC - Free Report) by 14.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,778 shares of the construction company's stock after acquiring an additional 7,421 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.15% of Boise Cascade worth $8,107,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in shares of Boise Cascade by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,813,447 shares of the construction company's stock valued at $335,419,000 after acquiring an additional 22,053 shares in the last quarter. Westwood Holdings Group Inc. increased its stake in Boise Cascade by 107.7% in the second quarter. Westwood Holdings Group Inc. now owns 1,117,914 shares of the construction company's stock valued at $133,278,000 after purchasing an additional 579,759 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Boise Cascade by 2.4% during the second quarter. American Century Companies Inc. now owns 897,137 shares of the construction company's stock valued at $106,957,000 after purchasing an additional 21,030 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its position in shares of Boise Cascade by 46.0% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 383,000 shares of the construction company's stock worth $45,661,000 after purchasing an additional 120,600 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Boise Cascade by 293.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 236,980 shares of the construction company's stock valued at $36,346,000 after buying an additional 176,738 shares during the period. 96.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on BCC shares. Bank of America increased their price target on Boise Cascade from $120.00 to $124.00 and gave the stock an "underperform" rating in a report on Thursday, September 12th. StockNews.com upgraded Boise Cascade from a "hold" rating to a "buy" rating in a report on Tuesday, October 8th. The Goldman Sachs Group reduced their price target on shares of Boise Cascade from $140.00 to $122.00 and set a "neutral" rating for the company in a research report on Wednesday, July 10th. BMO Capital Markets upped their price objective on shares of Boise Cascade from $130.00 to $136.00 and gave the stock a "market perform" rating in a report on Tuesday, October 22nd. Finally, Truist Financial lifted their price objective on shares of Boise Cascade from $154.00 to $161.00 and gave the company a "buy" rating in a report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $135.75.

Boise Cascade Stock Down 1.0 %

Shares of BCC stock traded down $1.34 on Thursday, hitting $133.03. The stock had a trading volume of 240,660 shares, compared to its average volume of 308,324. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.28 and a quick ratio of 2.08. The business has a 50 day moving average of $136.11 and a 200 day moving average of $132.66. Boise Cascade has a 12-month low of $87.32 and a 12-month high of $154.67. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 10.93 and a beta of 1.52.

Boise Cascade (NYSE:BCC - Get Free Report) last posted its earnings results on Monday, August 5th. The construction company reported $2.84 EPS for the quarter, topping the consensus estimate of $2.68 by $0.16. The firm had revenue of $1.80 billion for the quarter, compared to analysts' expectations of $1.77 billion. Boise Cascade had a net margin of 6.60% and a return on equity of 20.17%. The company's quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $3.67 EPS. As a group, analysts expect that Boise Cascade will post 9.71 EPS for the current year.

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.