Retireful LLC Takes $289,000 Position in Boise Cascade (NYSE:BCC)

Retireful LLC purchased a new stake in Boise Cascade (NYSE:BCC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,428 shares of the construction company's stock, valued at approximately $289,000.

Other large investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. purchased a new stake in Boise Cascade in the third quarter valued at approximately $28,000. Larson Financial Group LLC grew its stake in shares of Boise Cascade by 23.9% in the third quarter. Larson Financial Group LLC now owns 378 shares of the construction company's stock valued at $53,000 after buying an additional 73 shares in the last quarter. CWM LLC grew its stake in shares of Boise Cascade by 26.5% in the third quarter. CWM LLC now owns 673 shares of the construction company's stock valued at $95,000 after buying an additional 141 shares in the last quarter. Covestor Ltd raised its holdings in shares of Boise Cascade by 50.1% in the 3rd quarter. Covestor Ltd now owns 689 shares of the construction company's stock valued at $97,000 after buying an additional 230 shares during the period. Finally, KBC Group NV lifted its stake in Boise Cascade by 19.0% during the 3rd quarter. KBC Group NV now owns 1,226 shares of the construction company's stock worth $173,000 after acquiring an additional 196 shares in the last quarter. 96.18% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BCC has been the subject of several research reports. Truist Financial dropped their target price on Boise Cascade from $161.00 to $157.00 and set a "buy" rating for the company in a research report on Monday, January 6th. StockNews.com cut shares of Boise Cascade from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th. BMO Capital Markets increased 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. Loop Capital assumed coverage on shares of Boise Cascade in a research report on Friday, November 1st. They issued a "buy" rating and a $155.00 price target for the company. Finally, The Goldman Sachs Group cut their price objective on Boise Cascade from $145.00 to $126.00 and set a "neutral" rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $139.60.

Boise Cascade Stock Down 0.2 %

Boise Cascade stock traded down $0.21 during trading on Friday, reaching $128.25. The stock had a trading volume of 486,114 shares, compared to its average volume of 330,028. The company has a quick ratio of 1.90, a current ratio of 3.13 and a debt-to-equity ratio of 0.22. Boise Cascade has a 52-week low of $113.38 and a 52-week high of $155.42. The stock has a market cap of $4.92 billion, a PE ratio of 12.55 and a beta of 1.58. The business has a 50 day moving average price of $133.28 and a 200 day moving average price of $132.96.

Boise Cascade (NYSE:BCC - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The construction company reported $2.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by ($0.04). The firm had revenue of $1.71 billion for the quarter, compared to analysts' expectations of $1.72 billion. Boise Cascade had a return on equity of 18.24% and a net margin of 5.95%. Boise Cascade's revenue for the quarter was down 6.6% on a year-over-year basis. During the same period last year, the firm posted $3.58 earnings per share. On average, analysts predict that Boise Cascade will post 9.6 EPS for the current year.

Boise Cascade Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, December 2nd were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.84 annualized dividend and a dividend yield of 0.65%. Boise Cascade's dividend payout ratio is currently 8.22%.

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.