Blue Trust Inc. Sells 904 Shares of Boise Cascade (NYSE:BCC)

Blue Trust Inc. lessened its position in Boise Cascade (NYSE:BCC) by 65.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 474 shares of the construction company’s stock after selling 904 shares during the quarter. Blue Trust Inc.’s holdings in Boise Cascade were worth $56,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Tidal Investments LLC boosted its holdings in shares of Boise Cascade by 341.9% during the 3rd quarter. Tidal Investments LLC now owns 15,808 shares of the construction company’s stock worth $2,229,000 after buying an additional 12,231 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Boise Cascade by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 437,509 shares of the construction company’s stock worth $61,680,000 after acquiring an additional 9,128 shares during the last quarter. Fulcrum Capital LLC bought a new stake in shares of Boise Cascade during the fourth quarter worth approximately $1,092,000. Nordea Investment Management AB boosted its holdings in shares of Boise Cascade by 5.0% during the fourth quarter. Nordea Investment Management AB now owns 120,816 shares of the construction company’s stock worth $14,454,000 after acquiring an additional 5,779 shares during the period. Finally, Barclays PLC grew its position in shares of Boise Cascade by 174.1% in the third quarter. Barclays PLC now owns 90,366 shares of the construction company’s stock valued at $12,739,000 after purchasing an additional 57,403 shares during the last quarter. Institutional investors own 96.18% of the company’s stock.

Boise Cascade Stock Up 2.7 %

BCC stock opened at $106.52 on Wednesday. The stock has a 50-day simple moving average of $121.97 and a two-hundred day simple moving average of $132.03. Boise Cascade has a twelve month low of $102.27 and a twelve month high of $155.42. The firm has a market capitalization of $4.04 billion, a PE ratio of 11.14 and a beta of 1.57. The company has a quick ratio of 1.92, a current ratio of 3.34 and a debt-to-equity ratio of 0.22.

Boise Cascade (NYSE:BCC) last released its quarterly earnings results on Thursday, February 20th. The construction company reported $1.78 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.01). The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Boise Cascade had a return on equity of 17.04% and a net margin of 5.60%. On average, equities analysts predict that Boise Cascade will post 10.15 EPS for the current fiscal year.

Boise Cascade Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Monday, February 24th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Monday, February 24th. Boise Cascade’s payout ratio is 8.79%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on BCC shares. Truist Financial decreased their target price on shares of Boise Cascade from $157.00 to $134.00 and set a “buy” rating on the stock in a research report on Monday. Loop Capital lowered their price objective on Boise Cascade from $145.00 to $140.00 and set a “buy” rating on the stock in a research note on Monday. StockNews.com cut Boise Cascade from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Benchmark reissued a “hold” rating on shares of Boise Cascade in a report on Tuesday. Finally, The Goldman Sachs Group dropped their price target on Boise Cascade from $145.00 to $126.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Boise Cascade has a consensus rating of “Hold” and an average price target of $128.50.

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.