Rathbones Group PLC Sells 25,058 Shares of Boise Cascade (NYSE:BCC)

Rathbones Group PLC decreased its position in shares of Boise Cascade (NYSE:BCC - Free Report) by 21.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,937 shares of the construction company's stock after selling 25,058 shares during the period. Rathbones Group PLC owned 0.24% of Boise Cascade worth $11,046,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of BCC. Tidal Investments LLC lifted its position in shares of Boise Cascade by 341.9% during the 3rd quarter. Tidal Investments LLC now owns 15,808 shares of the construction company's stock worth $2,229,000 after purchasing an additional 12,231 shares during the last quarter. Fulcrum Capital LLC acquired a new position in shares of Boise Cascade during the fourth quarter worth approximately $1,092,000. D.A. Davidson & CO. boosted its position in shares of Boise Cascade by 4.2% in the fourth quarter. D.A. Davidson & CO. now owns 3,267 shares of the construction company's stock valued at $388,000 after acquiring an additional 133 shares during the period. Nordea Investment Management AB grew its stake in shares of Boise Cascade by 5.0% in the fourth quarter. Nordea Investment Management AB now owns 120,816 shares of the construction company's stock worth $14,454,000 after acquiring an additional 5,779 shares during the last quarter. Finally, Barclays PLC increased its position in Boise Cascade by 174.1% during the third quarter. Barclays PLC now owns 90,366 shares of the construction company's stock worth $12,739,000 after acquiring an additional 57,403 shares during the period. 96.18% of the stock is currently owned by institutional investors.

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Insider Transactions at Boise Cascade

In related news, Director Kristopher J. Matula sold 553 shares of the company's stock in a transaction dated 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 owns 13,099 shares in the company, valued at $1,351,292.84. This represents a 4.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jeffrey Robert Strom sold 4,500 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $100.21, for a total transaction of $450,945.00. Following the completion of the sale, the chief operating officer now owns 38,026 shares of the company's stock, valued at $3,810,585.46. The trade was a 10.58 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.98% of the company's stock.

Boise Cascade Price Performance

Shares of Boise Cascade stock traded up $0.83 during midday trading on Friday, hitting $95.51. 261,309 shares of the company were exchanged, compared to its average volume of 331,055. The firm has a 50 day simple moving average of $104.66 and a 200-day simple moving average of $123.94. 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 firm has a market cap of $3.62 billion, a P/E ratio of 9.99 and a beta of 1.52. Boise Cascade has a 52 week low of $87.84 and a 52 week high of $155.42.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.79 by ($0.01). Boise Cascade had a net margin of 5.60% and a return on equity of 17.04%. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.57 billion. Research analysts forecast that Boise Cascade will post 10.15 earnings per share for the current year.

Boise Cascade Announces Dividend

The company 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 0.88%. Boise Cascade's dividend payout ratio is 8.79%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BCC. Truist Financial reduced their price target on shares of Boise Cascade from $157.00 to $134.00 and set a "buy" rating for the company in a report on Monday, February 24th. BMO Capital Markets decreased 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. 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. The Goldman Sachs Group decreased their price objective on Boise Cascade from $145.00 to $126.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. Finally, Benchmark restated a "hold" rating on shares of Boise Cascade in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Boise Cascade has an average rating of "Hold" and an average target price of $128.50.

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.