Cwm LLC Acquires 141 Shares of Boise Cascade (NYSE:BCC)

Cwm LLC boosted its position in Boise Cascade (NYSE:BCC) by 26.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 673 shares of the construction company’s stock after buying an additional 141 shares during the quarter. Cwm LLC’s holdings in Boise Cascade were worth $95,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of BCC. Measured Wealth Private Client Group LLC grew its position in Boise Cascade by 1.8% during the first quarter. Measured Wealth Private Client Group LLC now owns 5,273 shares of the construction company’s stock valued at $809,000 after acquiring an additional 95 shares during the last quarter. SummerHaven Investment Management LLC increased its stake in shares of Boise Cascade by 1.5% in the second quarter. SummerHaven Investment Management LLC now owns 7,776 shares of the construction company’s stock worth $927,000 after buying an additional 113 shares during the period. Miller Howard Investments Inc. NY grew its holdings in Boise Cascade by 2.1% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 5,892 shares of the construction company’s stock worth $702,000 after acquiring an additional 124 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Boise Cascade by 1.9% in the second quarter. Bank of Montreal Can now owns 7,456 shares of the construction company’s stock worth $890,000 after purchasing an additional 137 shares during the last quarter. Finally, MorganRosel Wealth Management LLC lifted its holdings in Boise Cascade by 1.8% in the 2nd quarter. MorganRosel Wealth Management LLC now owns 7,756 shares of the construction company’s stock worth $925,000 after buying an additional 138 shares during the period. Institutional investors own 96.18% of the company’s stock.

Analyst Upgrades and Downgrades

BCC has been the topic of several research reports. StockNews.com upgraded Boise Cascade from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Bank of America lifted their price target on Boise Cascade from $120.00 to $124.00 and gave the stock an “underperform” rating in a research report on Thursday, September 12th. BMO Capital Markets lifted their target price on shares of Boise Cascade from $130.00 to $136.00 and gave the stock a “market perform” rating in a report on Tuesday. The Goldman Sachs Group cut their target price on Boise Cascade from $140.00 to $122.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Finally, Truist Financial boosted their target price on Boise Cascade from $154.00 to $161.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $135.75.

Boise Cascade Price Performance

Shares of Boise Cascade stock opened at $135.38 on Friday. The firm has a market cap of $5.34 billion, a PE ratio of 11.01 and a beta of 1.52. The business has a 50-day moving average price of $135.76 and a 200 day moving average price of $133.12. 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 has a twelve month low of $87.32 and a twelve month high of $154.67.

Boise Cascade (NYSE:BCC) last released its quarterly earnings results on Monday, August 5th. The construction company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.68 by $0.16. Boise Cascade had a net margin of 6.60% and a return on equity of 20.17%. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the previous year, the company earned $3.67 EPS. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. Sell-side analysts predict that Boise Cascade will post 9.71 earnings per share for the current fiscal year.

Boise Cascade Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.62%. This is a positive change from Boise Cascade’s previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, September 3rd. Boise Cascade’s dividend payout ratio (DPR) is 6.83%.

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.