O Shaughnessy Asset Management LLC Lowers Holdings in Boise Cascade (NYSE:BCC)

O Shaughnessy Asset Management LLC decreased its holdings in Boise Cascade (NYSE:BCC - Free Report) by 31.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,170 shares of the construction company's stock after selling 6,899 shares during the period. O Shaughnessy Asset Management LLC's holdings in Boise Cascade were worth $1,803,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Brandywine Global Investment Management LLC increased its holdings in shares of Boise Cascade by 1.2% in the 4th quarter. Brandywine Global Investment Management LLC now owns 155,349 shares of the construction company's stock worth $18,465,000 after purchasing an additional 1,904 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Boise Cascade by 118.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 41,895 shares of the construction company's stock worth $4,980,000 after buying an additional 22,689 shares during the last quarter. Orion Portfolio Solutions LLC boosted its stake in shares of Boise Cascade by 27.6% in the 4th quarter. Orion Portfolio Solutions LLC now owns 2,582 shares of the construction company's stock worth $307,000 after buying an additional 559 shares during the last quarter. Pictet Asset Management Holding SA boosted its stake in shares of Boise Cascade by 43.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 84,423 shares of the construction company's stock worth $10,035,000 after buying an additional 25,673 shares during the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Boise Cascade in the 4th quarter worth $500,000. Institutional investors own 96.18% of the company's stock.

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Boise Cascade Price Performance

Shares of BCC stock traded down $4.04 during trading hours on Thursday, hitting $94.40. The stock had a trading volume of 35,348 shares, compared to its average volume of 330,174. Boise Cascade has a one year low of $87.84 and a one year high of $155.42. 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 stock's 50-day moving average price is $105.88 and its two-hundred day moving average price is $124.67. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 9.91 and a beta of 1.52.

Boise Cascade (NYSE:BCC - Get Free Report) last issued its quarterly earnings data 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 return on equity of 17.04% and a net margin of 5.60%. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.57 billion. Equities analysts forecast that Boise Cascade will post 10.15 EPS for the current year.

Boise Cascade Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, February 24th were paid a dividend of $0.21 per share. The ex-dividend date was Monday, February 24th. This represents a $0.84 annualized dividend and a yield of 0.89%. Boise Cascade's payout ratio is currently 8.79%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BCC. DA Davidson dropped their price target on Boise Cascade from $155.00 to $125.00 and set a "buy" rating on the stock in a research note 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 research report on Monday, February 24th. 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 report on Tuesday, January 14th. Benchmark reiterated a "hold" rating on shares of Boise Cascade in a research report on Tuesday, February 25th. Finally, BMO Capital Markets lowered their target price on Boise Cascade from $136.00 to $122.00 and set a "market perform" rating on the stock in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Boise Cascade presently has a consensus rating of "Hold" and an average price target of $128.50.

Insiders Place Their Bets

In other Boise Cascade news, COO Jeffrey Robert Strom sold 4,500 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $100.21, for a total transaction of $450,945.00. Following the completion of the transaction, the chief operating officer now owns 38,026 shares in the company, valued at $3,810,585.46. The trade was a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kristopher J. Matula sold 553 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at $1,351,292.84. This trade represents a 4.05 % decrease in their position. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by insiders.

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.