Boise Cascade (NYSE:BCC) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its holdings in shares of Boise Cascade (NYSE:BCC - Free Report) by 13.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 164,049 shares of the construction company's stock after selling 26,400 shares during the period. Renaissance Technologies LLC owned 0.43% of Boise Cascade worth $19,499,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of BCC. R Squared Ltd bought a new position in Boise Cascade during the 4th quarter valued at approximately $29,000. Principal Securities Inc. lifted its stake in shares of Boise Cascade by 44.2% in the fourth quarter. Principal Securities Inc. now owns 473 shares of the construction company's stock worth $56,000 after buying an additional 145 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Boise Cascade by 254.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 777 shares of the construction company's stock valued at $92,000 after acquiring an additional 558 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Boise Cascade by 234.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,270 shares of the construction company's stock valued at $179,000 after acquiring an additional 890 shares during the period. Finally, KBC Group NV lifted its position in Boise Cascade by 41.3% during the fourth quarter. KBC Group NV now owns 1,732 shares of the construction company's stock valued at $206,000 after purchasing an additional 506 shares during the period. Institutional investors own 96.18% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on BCC shares. Benchmark reaffirmed a "hold" rating on shares of Boise Cascade in a research report on Tuesday, February 25th. BMO Capital Markets reduced their price objective on Boise Cascade from $136.00 to $122.00 and set a "market perform" rating on the stock in a research note on Tuesday, February 25th. DA Davidson dropped their target price on Boise Cascade from $155.00 to $125.00 and set a "buy" rating for the company in a report on Monday, February 24th. Loop Capital cut their price objective on shares of Boise Cascade from $140.00 to $135.00 and set a "buy" rating on the stock in a research report on Monday. Finally, The Goldman Sachs Group dropped their price objective on shares of Boise Cascade from $145.00 to $126.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $127.67.

Boise Cascade Price Performance

Boise Cascade stock traded up $0.68 during trading on Friday, reaching $93.37. The company had a trading volume of 205,893 shares, compared to its average volume of 328,770. The firm's 50-day simple moving average is $102.24 and its 200 day simple moving average is $122.86. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.92 and a current ratio of 3.34. The firm has a market capitalization of $3.55 billion, a PE ratio of 9.77 and a beta of 1.52. Boise Cascade has a 1-year low of $87.84 and a 1-year high of $155.42.

Boise Cascade (NYSE:BCC - Get Free Report) last issued its quarterly earnings results 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). The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.57 billion. Boise Cascade had a return on equity of 17.04% and a net margin of 5.60%. As a group, equities research analysts anticipate that Boise Cascade will post 10.15 earnings per share for the current fiscal year.

Boise Cascade Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Monday, February 24th were issued a $0.21 dividend. The ex-dividend date was Monday, February 24th. This represents a $0.84 annualized dividend and a dividend yield of 0.90%. Boise Cascade's dividend payout ratio is currently 8.79%.

Insider Buying and Selling

In other Boise Cascade news, COO Jeffrey Robert Strom sold 4,500 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $100.21, for a total value of $450,945.00. Following the transaction, the chief operating officer now directly owns 38,026 shares in the company, valued at approximately $3,810,585.46. This represents a 10.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kristopher J. Matula sold 553 shares of the company'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 transaction of $57,047.48. Following the transaction, the director now directly owns 13,099 shares in the company, valued at $1,351,292.84. The trade was a 4.05 % decrease in their position. The disclosure for this sale can be found here. 1.11% of the stock is currently owned by corporate insiders.

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.