Boise Cascade (NYSE:BCC) Shares Bought by XTX Topco Ltd

XTX Topco Ltd boosted its holdings in Boise Cascade (NYSE:BCC - Free Report) by 441.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,077 shares of the construction company's stock after purchasing an additional 8,216 shares during the quarter. XTX Topco Ltd's holdings in Boise Cascade were worth $1,421,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in shares of Boise Cascade by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,813,447 shares of the construction company's stock valued at $335,419,000 after purchasing an additional 22,053 shares during the period. Westwood Holdings Group Inc. boosted its holdings 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 acquiring an additional 579,759 shares during the period. American Century Companies Inc. grew its position in shares of Boise Cascade by 2.4% during the second quarter. American Century Companies Inc. now owns 897,137 shares of the construction company's stock worth $106,957,000 after acquiring an additional 21,030 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position 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 worth $61,680,000 after acquiring an additional 9,128 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Boise Cascade by 46.0% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 383,000 shares of the construction company's stock valued at $45,661,000 after acquiring an additional 120,600 shares during the period. 96.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Loop Capital initiated coverage on shares of Boise Cascade in a research note on Friday, November 1st. They set a "buy" rating and a $155.00 price target for the company. StockNews.com downgraded shares of Boise Cascade from a "buy" rating to a "hold" rating in a research note on Wednesday, November 6th. Bank of America raised their price target on Boise Cascade from $120.00 to $124.00 and gave the stock an "underperform" rating in a report on Thursday, September 12th. Truist Financial upped 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, BMO Capital Markets lifted their target price 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. 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $139.60.

Boise Cascade Stock Performance

NYSE BCC traded down $0.54 during trading hours on Monday, hitting $145.32. 207,141 shares of the stock were exchanged, compared to its average volume of 301,648. The company has a market cap of $5.58 billion, a price-to-earnings ratio of 14.22 and a beta of 1.53. Boise Cascade has a 12-month low of $109.01 and a 12-month high of $155.42. The stock has a 50-day moving average of $141.09 and a 200 day moving average of $133.79. The company has a quick ratio of 1.90, a current ratio of 3.13 and a debt-to-equity ratio of 0.22.

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

Boise Cascade Announces Dividend

The firm also recently announced 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. This represents a $0.84 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Monday, December 2nd. Boise Cascade's dividend payout ratio (DPR) is currently 8.22%.

About Boise Cascade

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.