Regents Gate Capital LLP Purchases New Position in Boise Cascade (NYSE:BCC)

Regents Gate Capital LLP acquired a new stake in shares of Boise Cascade (NYSE:BCC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 9,970 shares of the construction company's stock, valued at approximately $1,185,000.

Other hedge funds have also made changes to their positions in the company. Harbor Capital Advisors Inc. acquired a new position in shares of Boise Cascade during the third quarter valued at approximately $28,000. R Squared Ltd acquired a new position in shares of Boise Cascade during the fourth quarter valued at approximately $29,000. Larson Financial Group LLC increased its stake in shares of Boise Cascade by 23.9% during the third quarter. Larson Financial Group LLC now owns 378 shares of the construction company's stock valued at $53,000 after acquiring an additional 73 shares during the period. CWM LLC increased its stake in shares of Boise Cascade by 26.5% during the third quarter. CWM LLC now owns 673 shares of the construction company's stock valued at $95,000 after acquiring an additional 141 shares during the period. Finally, Covestor Ltd increased its stake in shares of Boise Cascade by 50.1% during the third quarter. Covestor Ltd now owns 689 shares of the construction company's stock valued at $97,000 after acquiring an additional 230 shares during the period. Institutional investors and hedge funds own 96.18% of the company's stock.

Boise Cascade Trading Up 1.7 %

Boise Cascade stock traded up $1.97 during midday trading on Thursday, reaching $120.69. The stock had a trading volume of 259,992 shares, compared to its average volume of 274,541. The firm's fifty day simple moving average is $126.53 and its two-hundred day simple moving average is $133.06. Boise Cascade has a twelve month low of $113.38 and a twelve month high of $155.42. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.13 and a quick ratio of 1.90. The firm has a market cap of $4.63 billion, a price-to-earnings ratio of 11.81 and a beta of 1.57.

Boise Cascade Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Monday, February 24th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Monday, February 24th. Boise Cascade's dividend payout ratio is 8.22%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on BCC shares. StockNews.com cut shares of Boise Cascade from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th. Loop Capital started coverage on shares of Boise Cascade in a report on Friday, November 1st. They set a "buy" rating and a $155.00 target price for the company. Truist Financial reduced their target price on shares of Boise Cascade from $161.00 to $157.00 and set a "buy" rating for the company in a report on Monday, January 6th. BMO Capital Markets raised their target price 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, The Goldman Sachs Group reduced their target price on shares of Boise Cascade from $145.00 to $126.00 and set a "neutral" rating for the company in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $139.60.

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.