Principal Securities Inc. Has $56,000 Stock Position in Boise Cascade (NYSE:BCC)

Principal Securities Inc. lifted its position in shares of Boise Cascade (NYSE:BCC) by 44.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 473 shares of the construction company’s stock after purchasing an additional 145 shares during the quarter. Principal Securities Inc.’s holdings in Boise Cascade were worth $56,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. bought a new stake in shares of Boise Cascade during the third quarter worth $28,000. R Squared Ltd bought a new position in shares of Boise Cascade in the 4th quarter valued at about $29,000. Larson Financial Group LLC boosted its position in shares of Boise Cascade by 23.9% in 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 last quarter. Covestor Ltd grew its stake in shares of Boise Cascade by 50.1% during the third quarter. Covestor Ltd now owns 689 shares of the construction company’s stock worth $97,000 after purchasing an additional 230 shares during the period. Finally, KBC Group NV increased its holdings in Boise Cascade by 19.0% in the third quarter. KBC Group NV now owns 1,226 shares of the construction company’s stock valued at $173,000 after purchasing an additional 196 shares during the last quarter. Institutional investors own 96.18% of the company’s stock.

Boise Cascade Trading Down 1.3 %

BCC opened at $102.71 on Friday. The company’s 50 day moving average is $121.11 and its 200-day moving average is $131.63. The company has a market cap of $3.90 billion, a P/E ratio of 10.74 and a beta of 1.57. Boise Cascade has a 1-year low of $102.17 and a 1-year high of $155.42. The company has a current ratio of 3.34, a quick ratio of 1.92 and a debt-to-equity ratio of 0.22.

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

Boise Cascade Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Monday, February 24th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $0.84 annualized dividend and a yield of 0.82%. Boise Cascade’s payout ratio is 8.79%.

Insider Buying and Selling

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

Analyst Ratings Changes

BCC has been the topic of a number of recent analyst reports. BMO Capital Markets reduced their price target on shares of Boise Cascade from $136.00 to $122.00 and set a “market perform” rating on the stock in a research report on Tuesday. Truist Financial reduced their price target on Boise Cascade from $157.00 to $134.00 and set a “buy” rating for the company in a research report on Monday. Benchmark reissued a “hold” rating on shares of Boise Cascade in a research report on Tuesday. The Goldman Sachs Group cut their price objective on shares of Boise Cascade from $145.00 to $126.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Finally, DA Davidson decreased their target price on shares of Boise Cascade from $155.00 to $125.00 and set a “buy” rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $128.50.

Boise Cascade 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.