Boise Cascade (NYSE:BCC) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in shares of Boise Cascade (NYSE:BCC) by 0.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,709,276 shares of the construction company’s stock after acquiring an additional 35,963 shares during the period. Vanguard Group Inc. owned about 11.91% of Boise Cascade worth $609,192,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Cim LLC purchased a new position in Boise Cascade in the fourth quarter valued at $353,000. Scarborough Advisors LLC purchased a new position in shares of Boise Cascade in the 4th quarter valued at about $36,000. Public Employees Retirement Association of Colorado raised its position in shares of Boise Cascade by 358.0% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 133,961 shares of the construction company’s stock worth $17,329,000 after acquiring an additional 104,713 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Boise Cascade by 1,809.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 12,659 shares of the construction company’s stock worth $1,638,000 after purchasing an additional 11,996 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in Boise Cascade by 22.1% in the fourth quarter. First Trust Advisors LP now owns 304,436 shares of the construction company’s stock valued at $39,382,000 after purchasing an additional 55,077 shares in the last quarter. 96.18% of the stock is owned by hedge funds and other institutional investors.

Boise Cascade Price Performance

BCC stock opened at $122.41 on Monday. The company has a current ratio of 3.24, a quick ratio of 2.05 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $4.83 billion, a P/E ratio of 9.95 and a beta of 1.57. The business has a 50 day simple moving average of $134.30 and a 200-day simple moving average of $134.36. Boise Cascade has a twelve month low of $79.56 and a twelve month high of $154.67.

Boise Cascade (NYSE:BCC) last issued its quarterly earnings results on Monday, May 6th. The construction company reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.31. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Boise Cascade had a net margin of 7.08% and a return on equity of 22.00%. Boise Cascade’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.43 EPS. As a group, equities analysts anticipate that Boise Cascade will post 10.84 EPS for the current year.

Boise Cascade Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend was Monday, June 3rd. Boise Cascade’s payout ratio is currently 6.50%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on BCC shares. Truist Financial boosted their price objective on shares of Boise Cascade from $156.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. StockNews.com raised shares of Boise Cascade from a “hold” rating to a “buy” rating in a research report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Boise Cascade currently has an average rating of “Hold” and a consensus price target of $131.75.

Insider Transactions at Boise Cascade

In other Boise Cascade news, SVP Jill Twedt sold 1,852 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $135.00, for a total transaction of $250,020.00. Following the completion of the transaction, the senior vice president now owns 37,437 shares in the company, valued at approximately $5,053,995. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Boise Cascade news, SVP Jill Twedt sold 1,852 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $135.00, for a total transaction of $250,020.00. Following the transaction, the senior vice president now owns 37,437 shares in the company, valued at approximately $5,053,995. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jeffrey Robert Strom sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $135.00, for a total value of $337,500.00. Following the completion of the sale, the executive vice president now directly owns 43,353 shares of the company’s stock, valued at $5,852,655. The disclosure for this sale can be found here. Insiders sold 4,352 shares of company stock worth $587,520 over the last 90 days. 0.98% of the stock is currently owned by 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.