28,337 Shares in Boise Cascade (NYSE:BCC) Acquired by World Investment Advisors LLC

World Investment Advisors LLC purchased a new stake in Boise Cascade (NYSE:BCC - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 28,337 shares of the construction company's stock, valued at approximately $3,995,000. World Investment Advisors LLC owned approximately 0.07% of Boise Cascade at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in BCC. Westwood Holdings Group Inc. grew its stake in shares of Boise Cascade by 107.7% in the second quarter. Westwood Holdings Group Inc. now owns 1,117,914 shares of the construction company's stock valued at $133,278,000 after buying an additional 579,759 shares in the last quarter. Marshall Wace LLP grew its position in Boise Cascade by 2,978.4% in the second quarter. Marshall Wace LLP now owns 191,047 shares of the construction company's stock valued at $22,777,000 after acquiring an additional 184,841 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Boise Cascade by 46.0% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 383,000 shares of the construction company's stock valued at $45,661,000 after purchasing an additional 120,600 shares during the period. Bank of Montreal Can raised its stake in shares of Boise Cascade by 1,597.4% during the third 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. Finally, FMR LLC lifted its position in shares of Boise Cascade by 158.9% during the third quarter. FMR LLC now owns 126,123 shares of the construction company's stock worth $17,781,000 after purchasing an additional 77,401 shares in the last quarter. 96.18% of the stock is owned by hedge funds and other institutional investors.

Boise Cascade Stock Down 2.6 %

NYSE BCC traded down $3.58 on Friday, hitting $136.26. 175,880 shares of the stock traded hands, compared to its average volume of 300,280. 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 of $141.14 and a 200 day moving average of $133.87. Boise Cascade has a twelve month low of $113.89 and a twelve month high of $155.42. The company has a market capitalization of $5.23 billion, a P/E ratio of 13.33 and a beta of 1.53.

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

Boise Cascade Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, December 2nd will be given a $0.21 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.62%. Boise Cascade's payout ratio is currently 8.22%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on BCC shares. Loop Capital assumed coverage on shares of Boise Cascade in a report on Friday, November 1st. They set a "buy" rating and a $155.00 price target for the company. Bank of America raised their target price on Boise Cascade from $120.00 to $124.00 and gave the company an "underperform" rating in a research note on Thursday, September 12th. BMO Capital Markets boosted their price target on Boise Cascade from $130.00 to $136.00 and gave the stock a "market perform" rating in a research note on Tuesday, October 22nd. Truist Financial raised their price objective on Boise Cascade from $154.00 to $161.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Finally, StockNews.com downgraded Boise Cascade from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average 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.