Vest Financial LLC Boosts Holdings in Boise Cascade (NYSE:BCC)

Vest Financial LLC boosted its stake in shares of Boise Cascade (NYSE:BCC - Free Report) by 89.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,853 shares of the construction company's stock after buying an additional 9,381 shares during the quarter. Vest Financial LLC owned approximately 0.05% of Boise Cascade worth $2,360,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new position in shares of Boise Cascade during the 3rd quarter valued at approximately $28,000. R Squared Ltd purchased a new position in Boise Cascade in the fourth quarter valued at approximately $29,000. Larson Financial Group LLC grew its holdings in Boise Cascade by 23.9% during the third quarter. Larson Financial Group LLC now owns 378 shares of the construction company's stock valued at $53,000 after purchasing an additional 73 shares during the period. CWM LLC increased its position in Boise Cascade by 26.5% in the third quarter. CWM LLC now owns 673 shares of the construction company's stock worth $95,000 after buying an additional 141 shares during the last quarter. Finally, Covestor Ltd increased its position in Boise Cascade by 50.1% in the third quarter. Covestor Ltd now owns 689 shares of the construction company's stock worth $97,000 after buying an additional 230 shares during the last quarter. Hedge funds and other institutional investors own 96.18% of the company's stock.

Boise Cascade Price Performance

Shares of BCC traded down $4.51 during midday trading on Wednesday, hitting $118.81. 428,823 shares of the company traded hands, compared to its average volume of 275,061. The stock has a 50-day moving average of $126.53 and a 200-day moving average of $133.06. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.13 and a quick ratio of 1.90. Boise Cascade has a one year low of $113.38 and a one year high of $155.42. The firm has a market cap of $4.56 billion, a P/E ratio of 11.63 and a beta of 1.57.

Boise Cascade Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Monday, February 24th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $0.84 annualized dividend and a dividend yield of 0.71%. Boise Cascade's payout ratio is currently 8.22%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. StockNews.com downgraded Boise Cascade from a "buy" rating to a "hold" rating in a research note on Wednesday, November 6th. Truist Financial cut their target price on shares of Boise Cascade from $161.00 to $157.00 and set a "buy" rating for the company in a research report on Monday, January 6th. 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 for the company. The Goldman Sachs Group dropped 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. Finally, BMO Capital Markets lifted their price objective on shares of Boise Cascade from $130.00 to $136.00 and gave the company a "market perform" rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price 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.