Monument Capital Management Invests $234,000 in Boise Cascade (NYSE:BCC)

Monument Capital Management bought a new position in shares of Boise Cascade (NYSE:BCC) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,524 shares of the construction company’s stock, valued at approximately $234,000.

Several other large investors have also recently bought and sold shares of BCC. SummerHaven Investment Management LLC grew its position in Boise Cascade by 1.2% in the 4th 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 last quarter. Measured Wealth Private Client Group LLC grew its position in Boise Cascade by 1.8% during the first quarter. Measured Wealth Private Client Group LLC now owns 5,273 shares of the construction company’s stock worth $809,000 after buying an additional 95 shares in the last quarter. New York State Teachers Retirement System increased its stake in Boise Cascade by 0.4% during 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. Bridge City Capital LLC raised its holdings in Boise Cascade by 0.8% in the 1st quarter. Bridge City Capital LLC now owns 18,270 shares of the construction company’s stock valued at $2,802,000 after acquiring an additional 143 shares in the last quarter. Finally, Capstone Investment Advisors LLC lifted its position in shares of Boise Cascade by 4.4% in the 4th 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. 96.18% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other 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 value of $250,020.00. Following the transaction, the senior vice president now directly owns 37,437 shares of the company’s stock, valued at approximately $5,053,995. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Jill Twedt sold 1,852 shares of Boise Cascade stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $135.00, for a total value of $250,020.00. Following the completion of the transaction, the senior vice president now directly owns 37,437 shares of the company’s stock, valued at $5,053,995. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jeffrey Robert Strom sold 2,500 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $135.00, for a total transaction of $337,500.00. Following the sale, the executive vice president now directly owns 43,353 shares in the company, valued at approximately $5,852,655. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,352 shares of company stock valued at $587,520. 1.05% of the stock is currently owned by insiders.

Boise Cascade Price Performance

Shares of BCC stock opened at $117.47 on Thursday. The stock’s fifty day simple moving average is $131.16 and its 200 day simple moving average is $134.48. Boise Cascade has a one year low of $87.32 and a one year high of $154.67. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of 9.55 and a beta of 1.50. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.24 and a quick ratio of 2.05.

Boise Cascade (NYSE:BCC) last issued its quarterly earnings data on Monday, May 6th. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.31. Boise Cascade had a return on equity of 22.00% and a net margin of 7.08%. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same period last year, the business earned $2.43 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. On average, analysts expect that Boise Cascade will post 10.84 earnings per share for the current fiscal year.

Boise Cascade Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a dividend of $0.20 per share. The ex-dividend date was Monday, June 3rd. This represents a $0.80 annualized dividend and a yield of 0.68%. Boise Cascade’s dividend payout ratio is 6.50%.

Analyst Ratings Changes

A number of brokerages recently commented on BCC. StockNews.com upgraded Boise Cascade from a “hold” rating to a “buy” rating in a research note on Tuesday, May 7th. Truist Financial increased their price objective 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $131.75.

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.