D.A. Davidson & CO. Boosts Stock Holdings in Boise Cascade (NYSE:BCC)

D.A. Davidson & CO. lifted its stake in Boise Cascade (NYSE:BCC) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,267 shares of the construction company’s stock after purchasing an additional 133 shares during the period. D.A. Davidson & CO.’s holdings in Boise Cascade were worth $388,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. CIBC Asset Management Inc purchased a new position in shares of Boise Cascade in the 4th quarter valued at about $454,000. Sanctuary Advisors LLC raised its holdings in Boise Cascade by 5.2% in the fourth quarter. Sanctuary Advisors LLC now owns 7,298 shares of the construction company’s stock valued at $939,000 after acquiring an additional 361 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Boise Cascade by 2.6% in the fourth quarter. Principal Financial Group Inc. now owns 208,323 shares of the construction company’s stock valued at $24,761,000 after acquiring an additional 5,281 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its stake in Boise Cascade by 2.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 15,192 shares of the construction company’s stock worth $1,806,000 after acquiring an additional 423 shares during the last quarter. Finally, Monument Capital Management grew its holdings in Boise Cascade by 32.8% during the 4th quarter. Monument Capital Management now owns 2,113 shares of the construction company’s stock worth $251,000 after acquiring an additional 522 shares in the last quarter. 96.18% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Boise Cascade

In other news, Director Kristopher J. Matula sold 553 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $103.16, for a total value of $57,047.48. Following the transaction, the director now owns 13,099 shares of the company’s stock, valued at approximately $1,351,292.84. The trade was a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.98% of the stock is currently owned by company insiders.

Boise Cascade Stock Down 2.3 %

Shares of NYSE BCC opened at $104.03 on Thursday. The business has a 50-day moving average price of $121.52 and a 200 day moving average price of $131.84. The stock has a market cap of $3.95 billion, a PE ratio of 10.88 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 has a 52-week low of $102.27 and a 52-week high of $155.42.

Boise Cascade (NYSE:BCC) last posted its quarterly earnings data on Thursday, February 20th. The construction company reported $1.78 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.01). The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.57 billion. Boise Cascade had a net margin of 5.60% and a return on equity of 17.04%. Equities research analysts forecast that Boise Cascade will post 10.15 earnings per share for the current year.

Boise Cascade Dividend Announcement

The firm 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 dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.81%. The ex-dividend date is Monday, February 24th. Boise Cascade’s payout ratio is currently 8.79%.

Wall Street Analysts Forecast Growth

BCC has been the topic of a number of analyst reports. BMO Capital Markets reduced their price objective on shares of Boise Cascade from $136.00 to $122.00 and set a “market perform” rating on the stock in a report on Tuesday. Loop Capital decreased their price target on Boise Cascade from $145.00 to $140.00 and set a “buy” rating for the company in a report on Monday. Benchmark reaffirmed a “hold” rating on shares of Boise Cascade in a research report on Tuesday. StockNews.com lowered Boise Cascade from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, Truist Financial lowered their price target on Boise Cascade from $157.00 to $134.00 and set a “buy” rating for the company in a report on Monday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $128.50.

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.