Van ECK Associates Corp Purchases 6,788 Shares of Boise Cascade (NYSE:BCC)

Van ECK Associates Corp raised its holdings in shares of Boise Cascade (NYSE:BCC - Free Report) by 27.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,203 shares of the construction company's stock after purchasing an additional 6,788 shares during the period. Van ECK Associates Corp owned about 0.08% of Boise Cascade worth $3,709,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its position 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 worth $61,680,000 after acquiring an additional 9,128 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Boise Cascade by 1,597.4% in the 3rd quarter. Bank of Montreal Can now owns 126,559 shares of the construction company's stock valued at $17,907,000 after purchasing an additional 119,103 shares during the period. FMR LLC increased its holdings in shares of Boise Cascade by 158.9% in the 3rd quarter. FMR LLC now owns 126,123 shares of the construction company's stock valued at $17,781,000 after purchasing an additional 77,401 shares during the period. Nordea Investment Management AB raised its position in Boise Cascade by 5.0% during the fourth quarter. Nordea Investment Management AB now owns 120,816 shares of the construction company's stock valued at $14,454,000 after acquiring an additional 5,779 shares in the last quarter. Finally, Barclays PLC raised its position in shares of Boise Cascade by 174.1% in the third quarter. Barclays PLC now owns 90,366 shares of the construction company's stock valued at $12,739,000 after purchasing an additional 57,403 shares during the period. Institutional investors own 96.18% of the company's stock.

Boise Cascade Price Performance

Shares of Boise Cascade stock traded down $9.50 during trading on Friday, reaching $106.98. The company's stock had a trading volume of 899,030 shares, compared to its average volume of 244,407. The stock has a market capitalization of $4.11 billion, a P/E ratio of 11.19 and a beta of 1.57. Boise Cascade has a one year low of $103.57 and a one year high of $155.42. The company has a current ratio of 3.13, a quick ratio of 1.90 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average price of $123.15 and a two-hundred day moving average price of $132.27.

Boise Cascade (NYSE:BCC - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The construction company reported $1.78 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.01). The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.57 billion. Boise Cascade had a return on equity of 16.89% and a net margin of 5.60%. As a group, sell-side analysts anticipate that Boise Cascade will post 10.15 EPS for the current fiscal year.

Boise Cascade Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Monday, February 24th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $0.84 annualized dividend and a yield of 0.79%. Boise Cascade's dividend payout ratio is currently 8.79%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group decreased their price target on shares of Boise Cascade from $145.00 to $126.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 14th. Truist Financial reduced 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 note on Monday, January 6th. StockNews.com downgraded shares of Boise Cascade from a "buy" rating to a "hold" rating in a research note on Wednesday, November 6th. Finally, Loop Capital began coverage on shares of Boise Cascade in a research note on Friday, November 1st. They issued a "buy" rating and a $155.00 target price on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $139.60.

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.