Boise Cascade (NYSE:BCC) Shares Purchased by KBC Group NV

KBC Group NV lifted its holdings in Boise Cascade (NYSE:BCC) by 41.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,732 shares of the construction company’s stock after acquiring an additional 506 shares during the period. KBC Group NV’s holdings in Boise Cascade were worth $206,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in BCC. Larson Financial Group LLC boosted its position in Boise Cascade by 23.9% during the 3rd quarter. Larson Financial Group LLC now owns 378 shares of the construction company’s stock worth $53,000 after purchasing an additional 73 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of Boise Cascade by 4.6% in the third quarter. Sequoia Financial Advisors LLC now owns 1,757 shares of the construction company’s stock worth $248,000 after buying an additional 78 shares during the period. First Trust Direct Indexing L.P. grew its stake in shares of Boise Cascade by 7.3% in the third quarter. First Trust Direct Indexing L.P. now owns 1,893 shares of the construction company’s stock valued at $267,000 after buying an additional 128 shares in the last quarter. Invst LLC raised its holdings in shares of Boise Cascade by 2.6% during the 3rd quarter. Invst LLC now owns 5,060 shares of the construction company’s stock valued at $713,000 after buying an additional 128 shares during the period. Finally, CWM LLC lifted its position in Boise Cascade by 26.5% during the 3rd quarter. CWM LLC now owns 673 shares of the construction company’s stock worth $95,000 after acquiring an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 96.18% of the company’s stock.

Boise Cascade Price Performance

Shares of BCC stock opened at $125.68 on Wednesday. The firm has a market cap of $4.83 billion, a P/E ratio of 12.30 and a beta of 1.57. The firm has a fifty day moving average of $129.39 and a two-hundred day moving average of $133.55. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.13 and a quick ratio of 1.90. Boise Cascade has a 1-year low of $113.38 and a 1-year high of $155.42.

Boise Cascade (NYSE:BCC) last announced its quarterly earnings data on Monday, November 4th. The construction company reported $2.33 earnings per share for the quarter, missing the consensus estimate of $2.37 by ($0.04). Boise Cascade had a net margin of 5.95% and a return on equity of 18.24%. The firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the prior year, the firm earned $3.58 earnings per share. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. As a group, research analysts anticipate that Boise Cascade will post 9.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BCC. BMO Capital Markets lifted their price objective on shares of Boise Cascade from $130.00 to $136.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. StockNews.com downgraded shares of Boise Cascade from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Truist Financial decreased their price objective on shares of Boise Cascade from $161.00 to $157.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Loop Capital began coverage on Boise Cascade in a research report on Friday, November 1st. They set a “buy” rating and a $155.00 target price on the stock. Finally, The Goldman Sachs Group reduced their price target on Boise Cascade from $145.00 to $126.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Boise Cascade presently has an average rating of “Hold” and an average price target of $139.60.

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.