Mutual of America Capital Management LLC Has $825,000 Holdings in Boise Cascade (NYSE:BCC)

Mutual of America Capital Management LLC trimmed its holdings in Boise Cascade (NYSE:BCC) by 9.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,854 shares of the construction company’s stock after selling 635 shares during the period. Mutual of America Capital Management LLC’s holdings in Boise Cascade were worth $825,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Algert Global LLC lifted its holdings in shares of Boise Cascade by 8.3% during the 2nd quarter. Algert Global LLC now owns 79,277 shares of the construction company’s stock valued at $9,451,000 after purchasing an additional 6,059 shares in the last quarter. Burney Co. acquired a new position in shares of Boise Cascade in the first quarter valued at approximately $673,000. Seven Eight Capital LP increased its position in shares of Boise Cascade by 31.6% during the second quarter. Seven Eight Capital LP now owns 17,896 shares of the construction company’s stock worth $2,134,000 after acquiring an additional 4,300 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Boise Cascade by 56.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 89,163 shares of the construction company’s stock worth $12,570,000 after acquiring an additional 32,303 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in Boise Cascade by 293.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 236,980 shares of the construction company’s stock valued at $36,346,000 after acquiring an additional 176,738 shares in the last quarter. 96.18% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BCC shares. Bank of America increased their target price on Boise Cascade from $120.00 to $124.00 and gave the stock an “underperform” rating in a report on Thursday, September 12th. Loop Capital began coverage on Boise Cascade in a research report on Friday, November 1st. They issued a “buy” rating and a $155.00 target price on the stock. StockNews.com downgraded Boise Cascade from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. 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 report on Tuesday, October 22nd. Finally, Truist Financial boosted their price objective on shares of Boise Cascade from $154.00 to $161.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $139.60.

Boise Cascade Trading Down 2.7 %

Shares of Boise Cascade stock opened at $148.41 on Wednesday. The stock has a market cap of $5.70 billion, a P/E ratio of 14.50 and a beta of 1.53. The company has a quick ratio of 1.90, a current ratio of 3.13 and a debt-to-equity ratio of 0.22. Boise Cascade has a 12-month low of $106.38 and a 12-month high of $155.42. The business’s 50 day moving average is $139.77 and its 200-day moving average is $133.11.

Boise Cascade (NYSE:BCC) last posted its quarterly earnings results on Monday, November 4th. The construction company reported $2.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by ($0.04). Boise Cascade had a return on equity of 18.24% and a net margin of 5.95%. The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period last year, the company posted $3.58 earnings per share. The business’s revenue was down 6.6% compared to the same quarter last year. Equities research analysts predict that Boise Cascade will post 9.57 earnings per share for the current fiscal year.

Boise Cascade Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, December 2nd will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Monday, December 2nd. Boise Cascade’s payout ratio is currently 8.22%.

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.