2,041 Shares in Boise Cascade (NYSE:BCC) Purchased by SkyOak Wealth LLC

SkyOak Wealth LLC bought a new stake in shares of Boise Cascade (NYSE:BCC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,041 shares of the construction company's stock, valued at approximately $243,000.

Several other hedge funds and other institutional investors also recently modified their holdings of BCC. Charles Schwab Investment Management Inc. lifted its holdings in shares of Boise Cascade by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 437,509 shares of the construction company's stock valued at $61,680,000 after purchasing an additional 9,128 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Boise Cascade by 1,597.4% during the 3rd quarter. Bank of Montreal Can now owns 126,559 shares of the construction company's stock valued at $17,907,000 after buying an additional 119,103 shares in the last quarter. FMR LLC boosted its position in shares of 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 purchasing an additional 77,401 shares during the period. Nordea Investment Management AB grew its position in shares of Boise Cascade by 5.0% during the fourth quarter. Nordea Investment Management AB now owns 120,816 shares of the construction company's stock worth $14,454,000 after purchasing an additional 5,779 shares in the last quarter. Finally, Wedge Capital Management L L P NC boosted its holdings in shares of Boise Cascade by 1.1% during the 3rd quarter. Wedge Capital Management L L P NC now owns 108,965 shares of the construction company's stock valued at $15,362,000 after purchasing an additional 1,155 shares during the last quarter. Institutional investors own 96.18% of the company's stock.

Boise Cascade Trading Up 0.2 %

Shares of NYSE:BCC traded up $0.27 during midday trading on Thursday, reaching $125.02. The company's stock had a trading volume of 245,312 shares, compared to its average volume of 277,734. Boise Cascade has a 1 year low of $113.38 and a 1 year high of $155.42. The firm has a market cap of $4.80 billion, a price-to-earnings ratio of 12.23 and a beta of 1.57. The company has a quick ratio of 1.90, a current ratio of 3.13 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average price of $128.53 and a 200 day moving average price of $133.43.

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

Analyst Ratings Changes

Several brokerages have recently weighed in on BCC. Loop Capital assumed coverage on Boise Cascade in a report on Friday, November 1st. They issued a "buy" rating and a $155.00 price target on the stock. StockNews.com lowered shares of Boise Cascade from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th. Truist Financial dropped their target price on shares of Boise Cascade from $161.00 to $157.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. The Goldman Sachs Group cut their price target on shares of Boise Cascade from $145.00 to $126.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. Finally, BMO Capital Markets raised their target price on Boise Cascade from $130.00 to $136.00 and gave the stock a "market perform" rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $139.60.

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.