Boise Cascade (NYSE:BCC) Shares Acquired by Creative Planning

Creative Planning grew its position in Boise Cascade (NYSE:BCC) by 17.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,596 shares of the construction company’s stock after acquiring an additional 1,302 shares during the quarter. Creative Planning’s holdings in Boise Cascade were worth $1,212,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Boise Cascade by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,813,447 shares of the construction company’s stock worth $335,419,000 after purchasing an additional 22,053 shares during the period. Westwood Holdings Group Inc. lifted its holdings in shares of Boise Cascade by 107.7% during the second quarter. Westwood Holdings Group Inc. now owns 1,117,914 shares of the construction company’s stock worth $133,278,000 after purchasing an additional 579,759 shares during the period. American Century Companies Inc. lifted its holdings 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 purchasing an additional 21,030 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Boise Cascade by 46.0% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 383,000 shares of the construction company’s stock worth $45,661,000 after purchasing an additional 120,600 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in Boise Cascade by 293.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 236,980 shares of the construction company’s stock worth $36,346,000 after acquiring an additional 176,738 shares in the last quarter. 96.18% of the stock is owned by institutional investors and hedge funds.

Boise Cascade Trading Up 2.1 %

Shares of BCC stock opened at $134.36 on Thursday. Boise Cascade has a fifty-two week low of $87.32 and a fifty-two week high of $154.67. The stock has a market cap of $5.30 billion, a P/E ratio of 10.92 and a beta of 1.52. The business has a fifty day simple moving average of $136.07 and a 200-day simple moving average of $132.65. The company has a quick ratio of 2.08, a current ratio of 3.28 and a debt-to-equity ratio of 0.21.

Boise Cascade (NYSE:BCC) last announced its quarterly earnings results on Monday, August 5th. The construction company reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.68 by $0.16. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Boise Cascade had a return on equity of 20.17% and a net margin of 6.60%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the business posted $3.67 earnings per share. On average, analysts forecast that Boise Cascade will post 9.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BCC has been the subject of several research analyst reports. Bank of America increased their price objective on Boise Cascade from $120.00 to $124.00 and gave the stock an “underperform” rating in a research report on Thursday, September 12th. The Goldman Sachs Group cut their price objective on Boise Cascade from $140.00 to $122.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Truist Financial increased their price objective on Boise Cascade from $154.00 to $161.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. StockNews.com upgraded Boise Cascade from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Finally, BMO Capital Markets increased their price objective on Boise Cascade from $130.00 to $136.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. One investment 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. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $135.75.

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.