Skandinaviska Enskilda Banken AB publ Sells 20,100 Shares of Boise Cascade (NYSE:BCC)

Skandinaviska Enskilda Banken AB publ decreased its stake in Boise Cascade (NYSE:BCC - Free Report) by 16.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,600 shares of the construction company's stock after selling 20,100 shares during the period. Skandinaviska Enskilda Banken AB publ owned 0.26% of Boise Cascade worth $11,713,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its holdings in Boise Cascade by 3.0% in the fourth 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Boise Cascade by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 443,691 shares of the construction company's stock worth $52,737,000 after acquiring an additional 6,182 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Boise Cascade by 2.6% in the fourth quarter. Principal Financial Group Inc. now owns 208,323 shares of the construction company's stock worth $24,761,000 after acquiring an additional 5,281 shares in the last quarter. Bank of Montreal Can boosted its holdings in Boise Cascade by 1,597.4% in the third quarter. Bank of Montreal Can now owns 126,559 shares of the construction company's stock worth $17,907,000 after acquiring an additional 119,103 shares in the last quarter. Finally, FMR LLC boosted its holdings in Boise Cascade by 158.9% in the third quarter. FMR LLC now owns 126,123 shares of the construction company's stock worth $17,781,000 after acquiring an additional 77,401 shares in the last quarter. Institutional investors own 96.18% of the company's stock.

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Boise Cascade Stock Performance

Shares of BCC traded up $0.89 on Wednesday, reaching $100.23. 395,876 shares of the company's stock traded hands, compared to its average volume of 348,021. The company has a current ratio of 3.34, a quick ratio of 1.92 and a debt-to-equity ratio of 0.22. The stock has a market cap of $3.80 billion, a PE ratio of 10.48 and a beta of 1.67. The stock's 50 day simple moving average is $115.76 and its two-hundred day simple moving average is $128.78. Boise Cascade has a 52-week low of $95.33 and a 52-week 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 EPS for the quarter, missing analysts' consensus estimates of $1.79 by ($0.01). The business 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 earnings per share for the current fiscal year.

Boise Cascade Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Monday, February 24th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Monday, February 24th. Boise Cascade's payout ratio is 8.79%.

Insider Activity at Boise Cascade

In other Boise Cascade news, Director Kristopher J. Matula sold 553 shares of the firm's 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 sale, the director now directly owns 13,099 shares of the company's stock, valued at $1,351,292.84. This trade represents a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Jeffrey Robert Strom sold 4,500 shares of the firm's stock in a transaction on 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 sale, the chief operating officer now directly owns 38,026 shares of the company's stock, valued at $3,810,585.46. This represents a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on BCC. The Goldman Sachs Group cut their price target on Boise Cascade from $145.00 to $126.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. BMO Capital Markets cut their price target on Boise Cascade from $136.00 to $122.00 and set a "market perform" rating on the stock in a report on Tuesday, February 25th. Loop Capital dropped their target price on Boise Cascade from $145.00 to $140.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Truist Financial dropped their target price on Boise Cascade from $157.00 to $134.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Finally, Benchmark restated a "hold" rating on shares of Boise Cascade in a report on Tuesday, February 25th. 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.com, Boise Cascade currently has a consensus rating of "Hold" and an average price target of $128.50.

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.