Virtu Financial LLC Purchases Shares of 5,219 Boise Cascade (NYSE:BCC)

Virtu Financial LLC bought a new position in Boise Cascade (NYSE:BCC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,219 shares of the construction company's stock, valued at approximately $620,000.

A number of other large investors have also bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its stake 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 acquiring an additional 9,128 shares during the period. Citigroup Inc. raised its holdings in Boise Cascade by 49.0% during the 3rd quarter. Citigroup Inc. now owns 57,546 shares of the construction company's stock worth $8,113,000 after purchasing an additional 18,933 shares during the last quarter. Cerity Partners LLC lifted its position in Boise Cascade by 34.5% during the 3rd quarter. Cerity Partners LLC now owns 3,897 shares of the construction company's stock valued at $549,000 after purchasing an additional 999 shares during the period. Larson Financial Group LLC boosted its stake in shares of Boise Cascade by 23.9% in the 3rd 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 last quarter. Finally, Bank of Montreal Can boosted its stake 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 last quarter. 96.18% of the stock is currently owned by institutional investors.

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Boise Cascade Stock Down 2.1 %

BCC traded down $2.08 during trading on Friday, reaching $98.28. The company had a trading volume of 378,873 shares, compared to its average volume of 325,492. The company has a market cap of $3.73 billion, a P/E ratio of 10.28 and a beta of 1.67. Boise Cascade has a 12 month low of $95.33 and a 12 month high of $155.42. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.34 and a quick ratio of 1.92. The business's fifty day moving average price is $112.29 and its 200 day moving average price is $127.36.

Boise Cascade (NYSE:BCC - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The construction company reported $1.78 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.01). The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.57 billion. Boise Cascade had a net margin of 5.60% and a return on equity of 17.04%. Equities analysts anticipate that Boise Cascade will post 10.15 EPS for the current year.

Boise Cascade Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Monday, February 24th were paid a dividend of $0.21 per share. The ex-dividend date was Monday, February 24th. This represents a $0.84 annualized dividend and a dividend yield of 0.85%. Boise Cascade's dividend payout ratio is currently 8.79%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. BMO Capital Markets reduced their price objective on shares of Boise Cascade from $136.00 to $122.00 and set a "market perform" rating on the stock in a research note on Tuesday, February 25th. Benchmark reaffirmed a "hold" rating on shares of Boise Cascade in a research note on Tuesday, February 25th. Loop Capital cut their target price on Boise Cascade from $145.00 to $140.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. The Goldman Sachs Group decreased their target price on 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, Truist Financial cut their price target on shares of Boise Cascade from $157.00 to $134.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Boise Cascade has a consensus rating of "Hold" and a consensus target price of $128.50.

Insider Activity

In related news, COO Jeffrey Robert Strom sold 4,500 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $100.21, for a total transaction of $450,945.00. Following the completion of the transaction, the chief operating officer now directly owns 38,026 shares of the company's stock, valued at approximately $3,810,585.46. This represents a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kristopher J. Matula sold 553 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $103.16, for a total value of $57,047.48. Following the transaction, the director now directly owns 13,099 shares in the company, valued at $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 owned by corporate insiders.

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.