Boise Cascade (NYSE:BCC) Holdings Boosted by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. boosted its stake in shares of Boise Cascade (NYSE:BCC - Free Report) by 322.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 109,770 shares of the construction company's stock after purchasing an additional 83,776 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.29% of Boise Cascade worth $13,048,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in BCC. American Century Companies Inc. raised its stake in shares of Boise Cascade by 12.0% in the 4th quarter. American Century Companies Inc. now owns 1,134,364 shares of the construction company's stock valued at $134,831,000 after acquiring an additional 121,790 shares during the period. Norges Bank purchased a new stake in shares of Boise Cascade during the 4th quarter valued at about $55,680,000. Bank of New York Mellon Corp boosted its holdings in Boise Cascade by 3.0% in the 4th quarter. Bank of New York Mellon Corp now owns 446,350 shares of the construction company's stock worth $53,053,000 after acquiring an additional 12,963 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Boise Cascade by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 443,691 shares of the construction company's stock valued at $52,737,000 after purchasing an additional 6,182 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Boise Cascade by 8.7% in the fourth quarter. Invesco Ltd. now owns 358,368 shares of the construction company's stock valued at $42,596,000 after purchasing an additional 28,814 shares during the period. 96.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. BMO Capital Markets decreased their price objective on shares of Boise Cascade from $136.00 to $122.00 and set a "market perform" rating for the company in a research report on Tuesday, February 25th. DA Davidson lowered their price objective on Boise Cascade from $155.00 to $125.00 and set a "buy" rating for the company in a research note on Monday, February 24th. The Goldman Sachs Group cut their target price on Boise Cascade from $145.00 to $126.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. Loop Capital decreased their price target on shares of Boise Cascade from $140.00 to $135.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Benchmark reaffirmed a "hold" rating on shares of Boise Cascade in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $127.67.

Insider Buying and Selling at Boise Cascade

In other news, COO Jeffrey Robert Strom sold 4,500 shares of the stock in a transaction on Wednesday, March 5th. The stock was 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 in the company, valued at approximately $3,810,585.46. This represents a 10.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kristopher J. Matula sold 553 shares of Boise Cascade stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $103.16, for a total value of $57,047.48. Following the completion of the transaction, the director now owns 13,099 shares in the company, valued at $1,351,292.84. The trade was a 4.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.11% of the stock is owned by corporate insiders.

Boise Cascade Stock Performance

Shares of Boise Cascade stock traded down $2.61 during trading on Monday, hitting $90.86. 15,767 shares of the stock were exchanged, compared to its average volume of 327,684. The stock has a market cap of $3.46 billion, a PE ratio of 9.55 and a beta of 1.52. The stock's fifty day moving average is $101.64 and its 200 day moving average is $122.30. Boise Cascade has a 12 month low of $87.84 and a 12 month high of $155.42. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.92 and a current ratio of 3.34.

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 return on equity of 17.04% and a net margin of 5.60%. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.57 billion. As a group, sell-side analysts anticipate that Boise Cascade will post 10.15 EPS for the current year.

Boise Cascade Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Monday, February 24th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Monday, February 24th. Boise Cascade's payout ratio is currently 8.79%.

Boise Cascade 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.