54,282 Shares in Boise Cascade (NYSE:BCC) Purchased by Point72 Asset Management L.P.

Point72 Asset Management L.P. purchased a new stake in shares of Boise Cascade (NYSE:BCC - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 54,282 shares of the construction company's stock, valued at approximately $7,653,000. Point72 Asset Management L.P. owned approximately 0.14% of Boise Cascade at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in BCC. Dimensional Fund Advisors LP grew its holdings in shares of Boise Cascade by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,813,447 shares of the construction company's stock valued at $335,419,000 after purchasing an additional 22,053 shares in the last quarter. Westwood Holdings Group Inc. lifted its position in Boise Cascade by 107.7% during 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 during the last quarter. American Century Companies Inc. grew its stake in shares of Boise Cascade by 2.4% in the 2nd quarter. American Century Companies Inc. now owns 897,137 shares of the construction company's stock worth $106,957,000 after buying an additional 21,030 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Boise Cascade by 2.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 437,509 shares of the construction company's stock worth $61,680,000 after buying an additional 9,128 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised 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 valued at $45,661,000 after buying an additional 120,600 shares in the last quarter. Institutional investors own 96.18% of the company's stock.

Boise Cascade Trading Up 1.0 %

Boise Cascade stock traded up $1.42 during mid-day trading on Friday, hitting $145.86. The company's stock had a trading volume of 170,401 shares, compared to its average volume of 214,264. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 3.13. The company has a 50 day moving average of $141.00 and a 200-day moving average of $133.73. Boise Cascade has a one year low of $109.01 and a one year high of $155.42. The stock has a market cap of $5.60 billion, a PE ratio of 14.27 and a beta of 1.53.

Boise Cascade (NYSE:BCC - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The construction company reported $2.33 EPS for the quarter, missing analysts' consensus estimates of $2.37 by ($0.04). Boise Cascade had a return on equity of 18.24% and a net margin of 5.95%. The company had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the company posted $3.58 earnings per share. The company's revenue for the quarter was down 6.6% on a year-over-year basis. On average, research analysts anticipate that Boise Cascade will post 9.57 EPS for the current year.

Boise Cascade Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Monday, December 2nd. Boise Cascade's dividend payout ratio (DPR) is presently 8.22%.

Wall Street Analysts Forecast Growth

BCC has been the subject of several recent research reports. StockNews.com lowered Boise Cascade from a "buy" rating to a "hold" rating in a research report on Wednesday, November 6th. BMO Capital Markets lifted their target price on Boise Cascade from $130.00 to $136.00 and gave the stock a "market perform" rating in a report on Tuesday, October 22nd. Bank of America increased their price target on Boise Cascade from $120.00 to $124.00 and gave the company an "underperform" rating in a report on Thursday, September 12th. Truist Financial boosted their price objective on shares of Boise Cascade from $154.00 to $161.00 and gave the company a "buy" rating in a research report on Tuesday, October 15th. Finally, Loop Capital initiated coverage on shares of Boise Cascade in a report on Friday, November 1st. They issued a "buy" rating and a $155.00 target price for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $139.60.

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.