Wellington Management Group LLP Trims Position in Boise Cascade (NYSE:BCC)

Wellington Management Group LLP trimmed its holdings in shares of Boise Cascade (NYSE:BCC - Free Report) by 1.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,680,444 shares of the construction company's stock after selling 39,788 shares during the quarter. Wellington Management Group LLP owned approximately 6.98% of Boise Cascade worth $377,889,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Larson Financial Group LLC boosted its position 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 worth $53,000 after purchasing an additional 73 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Boise Cascade by 4.6% in the third quarter. Sequoia Financial Advisors LLC now owns 1,757 shares of the construction company's stock worth $248,000 after acquiring an additional 78 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in shares of Boise Cascade by 1.5% during the second quarter. SummerHaven Investment Management LLC now owns 7,776 shares of the construction company's stock worth $927,000 after acquiring an additional 113 shares during the last quarter. Miller Howard Investments Inc. NY increased its holdings in shares of Boise Cascade by 2.1% during the second quarter. Miller Howard Investments Inc. NY now owns 5,892 shares of the construction company's stock valued at $702,000 after acquiring an additional 124 shares in the last quarter. Finally, First Trust Direct Indexing L.P. raised its position in shares of Boise Cascade by 7.3% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 1,893 shares of the construction company's stock valued at $267,000 after purchasing an additional 128 shares during the last quarter. Institutional investors own 96.18% of the company's stock.

Boise Cascade Price Performance

NYSE BCC traded up $1.42 during trading hours on Friday, reaching $145.86. The company's stock had a trading volume of 170,401 shares, compared to its average volume of 214,264. The firm has a market capitalization of $5.60 billion, a price-to-earnings ratio of 14.27 and a beta of 1.53. The company's 50-day moving average is $141.00 and its two-hundred day moving average is $133.75. 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 1-year low of $109.01 and a 1-year high of $155.42.

Boise Cascade (NYSE:BCC - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The construction company reported $2.33 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.04). The firm had revenue of $1.71 billion for the quarter, compared to analysts' expectations of $1.72 billion. Boise Cascade had a return on equity of 18.24% and a net margin of 5.95%. Boise Cascade's quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $3.58 earnings per share. On average, equities analysts predict that Boise Cascade will post 9.57 EPS for the current year.

Boise Cascade Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, December 2nd will be issued a $0.21 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.84 dividend on an annualized basis and a yield of 0.58%. Boise Cascade's payout ratio is 8.22%.

Analyst Ratings Changes

BCC has been the topic of a number of research analyst reports. Bank of America boosted their price objective on shares of Boise Cascade from $120.00 to $124.00 and gave the company an "underperform" rating in a report on Thursday, September 12th. BMO Capital Markets boosted their price target on Boise Cascade from $130.00 to $136.00 and gave the company a "market perform" rating in a research note on Tuesday, October 22nd. StockNews.com cut Boise Cascade from a "buy" rating to a "hold" rating in a research note on Wednesday, November 6th. Truist Financial lifted their target price on Boise Cascade from $154.00 to $161.00 and gave the stock a "buy" rating in a report on Tuesday, October 15th. Finally, Loop Capital started coverage on shares of Boise Cascade in a report on Friday, November 1st. They issued a "buy" rating and a $155.00 price target on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Boise Cascade 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.