Goldman Sachs Group Inc. Has $17.96 Million Holdings in Boise Cascade (NYSE:BCC)

Goldman Sachs Group Inc. trimmed its stake in Boise Cascade (NYSE:BCC) by 39.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 138,872 shares of the construction company’s stock after selling 90,580 shares during the period. Goldman Sachs Group Inc. owned 0.35% of Boise Cascade worth $17,964,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. SummerHaven Investment Management LLC increased its stake in shares of Boise Cascade by 1.2% in the fourth quarter. SummerHaven Investment Management LLC now owns 7,593 shares of the construction company’s stock worth $982,000 after purchasing an additional 93 shares during the period. New York State Teachers Retirement System boosted its position in shares of Boise Cascade by 0.4% in the fourth quarter. New York State Teachers Retirement System now owns 30,844 shares of the construction company’s stock valued at $3,990,000 after acquiring an additional 108 shares during the period. Capstone Investment Advisors LLC increased its position in Boise Cascade by 4.4% during the fourth quarter. Capstone Investment Advisors LLC now owns 3,643 shares of the construction company’s stock worth $471,000 after acquiring an additional 154 shares during the period. D.A. Davidson & CO. raised its stake in Boise Cascade by 2.8% during the 4th quarter. D.A. Davidson & CO. now owns 5,610 shares of the construction company’s stock valued at $726,000 after purchasing an additional 155 shares during the last quarter. Finally, Great Lakes Advisors LLC boosted its holdings in Boise Cascade by 5.0% in the 4th quarter. Great Lakes Advisors LLC now owns 3,643 shares of the construction company’s stock valued at $471,000 after purchasing an additional 175 shares during the period. Institutional investors own 96.18% of the company’s stock.

Boise Cascade Stock Up 0.3 %

Shares of NYSE:BCC opened at $118.57 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.24 and a quick ratio of 2.05. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 9.64 and a beta of 1.57. The company has a 50 day moving average of $132.61 and a 200-day moving average of $134.25. Boise Cascade has a one year low of $84.95 and a one year high of $154.67.

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

Boise Cascade Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Monday, June 3rd. Boise Cascade’s payout ratio is presently 6.50%.

Insider Buying and Selling at Boise Cascade

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

Analyst Ratings Changes

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

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.