Segall Bryant & Hamill LLC Buys 7,048 Shares of Boise Cascade (NYSE:BCC)

Segall Bryant & Hamill LLC lifted its holdings in Boise Cascade (NYSE:BCC - Free Report) by 49.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,302 shares of the construction company's stock after buying an additional 7,048 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.06% of Boise Cascade worth $2,532,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. R Squared Ltd purchased a new stake in Boise Cascade in the fourth quarter worth about $29,000. Larson Financial Group LLC grew its stake in shares of Boise Cascade by 23.9% in the 3rd quarter. Larson Financial Group LLC now owns 378 shares of the construction company's stock worth $53,000 after buying an additional 73 shares during the last quarter. Principal Securities Inc. grew its stake in shares of Boise Cascade by 44.2% in the 4th quarter. Principal Securities Inc. now owns 473 shares of the construction company's stock worth $56,000 after buying an additional 145 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Boise Cascade by 254.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 777 shares of the construction company's stock valued at $92,000 after buying an additional 558 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in Boise Cascade by 234.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,270 shares of the construction company's stock valued at $179,000 after buying an additional 890 shares during the last quarter. 96.18% of the stock is currently owned by institutional investors.

Remove Ads

Boise Cascade Stock Performance

NYSE:BCC traded up $0.56 during trading hours on Tuesday, reaching $98.65. The company had a trading volume of 225,346 shares, compared to its average volume of 325,110. The firm's 50 day moving average price is $111.07 and its 200-day moving average price is $126.93. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 10.32 and a beta of 1.67. The company has a current ratio of 3.34, a quick ratio of 1.92 and a debt-to-equity ratio of 0.22. Boise Cascade has a 52 week low of $95.30 and a 52 week high of $155.42.

Boise Cascade (NYSE:BCC - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The construction company reported $1.78 EPS for the quarter, missing analysts' consensus estimates of $1.79 by ($0.01). The firm had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.57 billion. Boise Cascade had a net margin of 5.60% and a return on equity of 17.04%. On average, analysts forecast that Boise Cascade will post 10.15 EPS for the current year.

Boise Cascade Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Monday, February 24th. Boise Cascade's payout ratio is 8.79%.

Insider Buying and Selling at Boise Cascade

In other Boise Cascade news, Director Kristopher J. Matula sold 553 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $103.16, for a total transaction of $57,047.48. Following the completion of the sale, the director now owns 13,099 shares of the company's stock, valued at approximately $1,351,292.84. The trade was a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through 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 stock was sold at an average price of $100.21, for a total value of $450,945.00. Following the completion of the transaction, the chief operating officer now directly owns 38,026 shares in the company, valued at $3,810,585.46. This trade represents a 10.58 % decrease in their position. The disclosure for this sale can be found here. 0.98% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

BCC has been the subject of several analyst reports. Truist Financial reduced their price target on Boise Cascade from $157.00 to $134.00 and set a "buy" rating for the company in a report on Monday, February 24th. DA Davidson dropped their target price on shares of Boise Cascade from $155.00 to $125.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Benchmark reissued a "hold" rating on shares of Boise Cascade in a research report on Tuesday, February 25th. The Goldman Sachs Group lowered 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, January 14th. Finally, BMO Capital Markets reduced their target price on Boise Cascade from $136.00 to $122.00 and set a "market perform" rating for the company in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $128.50.

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.