Teachers Retirement System of The State of Kentucky Trims Holdings in Boise Cascade (NYSE:BCC)

Teachers Retirement System of The State of Kentucky cut its position in shares of Boise Cascade (NYSE:BCC - Free Report) by 11.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,137 shares of the construction company's stock after selling 2,866 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.06% of Boise Cascade worth $2,750,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in BCC. R Squared Ltd purchased a new stake in shares of Boise Cascade during the fourth quarter valued at $29,000. Principal Securities Inc. boosted its position in Boise Cascade by 44.2% in the 4th quarter. Principal Securities Inc. now owns 473 shares of the construction company's stock valued at $56,000 after buying an additional 145 shares during the period. Smartleaf Asset Management LLC grew its stake in Boise Cascade by 254.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 777 shares of the construction company's stock worth $92,000 after acquiring an additional 558 shares in the last quarter. PEAK6 LLC purchased a new position in shares of Boise Cascade during the fourth quarter worth approximately $201,000. Finally, KBC Group NV raised its stake in shares of Boise Cascade by 41.3% during the fourth quarter. KBC Group NV now owns 1,732 shares of the construction company's stock valued at $206,000 after acquiring an additional 506 shares in the last quarter. 96.18% of the stock is currently owned by institutional investors.

Boise Cascade Stock Down 0.0 %

Shares of Boise Cascade stock traded down $0.01 on Monday, reaching $95.50. The stock had a trading volume of 196,657 shares, compared to its average volume of 327,907. The company has a quick ratio of 1.92, a current ratio of 3.34 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $3.63 billion, a P/E ratio of 9.99 and a beta of 1.52. The company has a 50 day moving average price of $98.92 and a 200 day moving average price of $120.66. Boise Cascade has a 1 year low of $87.84 and a 1 year high of $155.42.

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

Boise Cascade Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Monday, February 24th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.88%. The ex-dividend date was Monday, February 24th. Boise Cascade's dividend payout ratio is currently 8.79%.

Insider Buying and Selling at Boise Cascade

In other Boise Cascade news, COO Jeffrey Robert Strom sold 4,500 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $100.21, for a total transaction of $450,945.00. Following the sale, the chief operating officer now owns 38,026 shares of the company's stock, valued at approximately $3,810,585.46. The trade was a 10.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $57,047.48. Following the completion of the transaction, the director now directly owns 13,099 shares of the company's stock, valued at approximately $1,351,292.84. This represents a 4.05 % decrease in their position. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on the company. BMO Capital Markets reduced their price objective 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. Truist Financial lowered their price objective on shares of Boise Cascade from $134.00 to $118.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. The Goldman Sachs Group cut their target price on shares of Boise Cascade from $145.00 to $126.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. DA Davidson lowered their price target on shares of Boise Cascade from $155.00 to $125.00 and set a "buy" rating for the company in a research report on Monday, February 24th. Finally, Benchmark reissued 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 assigned a buy rating to the company's stock. According to data from MarketBeat, Boise Cascade currently has a consensus rating of "Hold" and a consensus price target of $125.00.

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.