Boise Cascade (NYSE:BCC) Holdings Lowered by Vanguard Group Inc.

Vanguard Group Inc. lowered its position in shares of Boise Cascade (NYSE:BCC - Free Report) by 1.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,352,313 shares of the construction company's stock after selling 83,315 shares during the quarter. Vanguard Group Inc. owned about 11.33% of Boise Cascade worth $517,316,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BCC. R Squared Ltd purchased a new stake in Boise Cascade during the fourth quarter worth approximately $29,000. Principal Securities Inc. lifted its holdings in shares of Boise Cascade by 44.2% during the 4th quarter. Principal Securities Inc. now owns 473 shares of the construction company's stock valued at $56,000 after acquiring an additional 145 shares in the last quarter. Smartleaf Asset Management LLC boosted 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 worth $92,000 after purchasing an additional 558 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in Boise Cascade by 234.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,270 shares of the construction company's stock worth $179,000 after purchasing an additional 890 shares during the period. Finally, KBC Group NV increased its holdings in Boise Cascade by 41.3% in the 4th quarter. KBC Group NV now owns 1,732 shares of the construction company's stock valued at $206,000 after purchasing an additional 506 shares in the last quarter. Institutional investors and hedge funds own 96.18% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Loop Capital decreased their target price on Boise Cascade from $145.00 to $140.00 and set a "buy" rating for the company in a research report on Monday, February 24th. 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 report on Monday, February 24th. Benchmark reaffirmed a "hold" rating on shares of Boise Cascade in a research note on Tuesday, February 25th. The Goldman Sachs Group decreased their price objective on shares of Boise Cascade from $145.00 to $126.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. Finally, BMO Capital Markets dropped their target price on Boise Cascade from $136.00 to $122.00 and set a "market perform" rating on the stock in a research 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $128.50.

Insiders Place Their Bets

In other Boise Cascade news, COO Jeffrey Robert Strom sold 4,500 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $100.21, for a total value of $450,945.00. Following the sale, the chief operating officer now directly owns 38,026 shares in the company, valued at approximately $3,810,585.46. The trade was a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kristopher J. Matula sold 553 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $103.16, for a total transaction of $57,047.48. Following the transaction, the director now owns 13,099 shares of the company's stock, valued at approximately $1,351,292.84. This trade 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 insiders.

Boise Cascade Stock Performance

Shares of NYSE BCC traded up $0.75 during midday trading on Friday, hitting $95.38. The company's stock had a trading volume of 827,560 shares, compared to its average volume of 327,713. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.92 and a current ratio of 3.34. Boise Cascade has a 1-year low of $89.59 and a 1-year high of $155.42. The firm's fifty day moving average price is $109.24 and its 200-day moving average price is $126.19. The firm has a market cap of $3.62 billion, a P/E ratio of 9.98 and a beta of 1.67.

Boise Cascade (NYSE:BCC - Get Free Report) last issued its 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). Boise Cascade had a net margin of 5.60% and a return on equity of 17.04%. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.57 billion. On average, sell-side analysts forecast that Boise Cascade will post 10.15 EPS for the current fiscal year.

Boise Cascade Dividend Announcement

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

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.