XTX Topco Ltd Has $570,000 Position in Boise Cascade (NYSE:BCC)

XTX Topco Ltd cut its holdings in shares of Boise Cascade (NYSE:BCC - Free Report) by 52.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,799 shares of the construction company's stock after selling 5,278 shares during the quarter. XTX Topco Ltd's holdings in Boise Cascade were worth $570,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. R Squared Ltd acquired a new position in shares of Boise Cascade in the fourth quarter valued at $29,000. Principal Securities Inc. boosted its holdings in shares of Boise Cascade by 44.2% during the 4th quarter. Principal Securities Inc. now owns 473 shares of the construction company's stock worth $56,000 after buying an additional 145 shares during the period. Smartleaf Asset Management LLC grew its stake in Boise Cascade by 254.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 777 shares of the construction company's stock valued at $92,000 after buying an additional 558 shares during the last quarter. KBC Group NV raised its holdings in Boise Cascade by 41.3% in the 4th quarter. KBC Group NV now owns 1,732 shares of the construction company's stock valued at $206,000 after acquiring an additional 506 shares during the period. Finally, Townsquare Capital LLC acquired a new stake in Boise Cascade during the fourth quarter worth approximately $217,000. Institutional investors own 96.18% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on BCC shares. Benchmark reiterated a "hold" rating on shares of Boise Cascade in a research note on Tuesday, February 25th. The Goldman Sachs Group dropped their target price on Boise Cascade from $145.00 to $126.00 and set a "neutral" rating for the company in a report on Tuesday, January 14th. DA Davidson decreased their price target on shares of Boise Cascade from $155.00 to $125.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Truist Financial dropped their price objective on shares of Boise Cascade from $134.00 to $118.00 and set a "buy" rating for the company in a research note on Tuesday. Finally, Loop Capital lowered their target price on shares of Boise Cascade from $140.00 to $135.00 and set a "buy" rating on the stock in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Boise Cascade presently has an average rating of "Hold" and an average price target of $125.00.

Insider Buying and Selling

In related news, Director Kristopher J. Matula sold 553 shares of Boise Cascade 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 of the company's stock, valued at $1,351,292.84. The trade was a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jeffrey Robert Strom sold 4,500 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $100.21, for a total transaction of $450,945.00. Following the sale, the chief operating officer now directly owns 38,026 shares of the company's stock, valued at $3,810,585.46. This represents a 10.58 % 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 Price Performance

BCC stock traded up $0.30 during mid-day trading on Wednesday, hitting $93.33. The stock had a trading volume of 404,731 shares, compared to its average volume of 328,504. The firm has a fifty day simple moving average of $100.53 and a 200 day simple moving average of $121.77. The company has a current ratio of 3.34, a quick ratio of 1.92 and a debt-to-equity ratio of 0.22. Boise Cascade has a 52 week low of $87.84 and a 52 week high of $155.42. The firm has a market capitalization of $3.55 billion, a P/E ratio of 9.76 and a beta of 1.52.

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

Boise Cascade Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Monday, February 24th were issued a $0.21 dividend. The ex-dividend date was Monday, February 24th. This represents a $0.84 dividend on an annualized basis and a yield of 0.90%. Boise Cascade's dividend payout ratio (DPR) is presently 8.79%.

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.