Nisa Investment Advisors LLC Decreases Stake in Boise Cascade (NYSE:BCC)

Nisa Investment Advisors LLC lessened its stake in shares of Boise Cascade (NYSE:BCC) by 24.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,577 shares of the construction company’s stock after selling 2,813 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Boise Cascade were worth $1,019,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. bought a new stake in Boise Cascade during the 3rd quarter valued at $28,000. Larson Financial Group LLC raised its stake in shares of Boise Cascade by 23.9% during the third quarter. Larson Financial Group LLC now owns 378 shares of the construction company’s stock valued at $53,000 after acquiring an additional 73 shares during the last quarter. CWM LLC boosted its holdings in shares of Boise Cascade by 26.5% during the third quarter. CWM LLC now owns 673 shares of the construction company’s stock worth $95,000 after purchasing an additional 141 shares during the period. Covestor Ltd raised its position in Boise Cascade by 50.1% during the 3rd quarter. Covestor Ltd now owns 689 shares of the construction company’s stock valued at $97,000 after purchasing an additional 230 shares during the last quarter. Finally, KBC Group NV raised its position in Boise Cascade by 19.0% during the 3rd 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.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. BMO Capital Markets boosted their price objective on shares of Boise Cascade from $130.00 to $136.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. StockNews.com cut Boise Cascade from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group reduced their target price on Boise Cascade from $145.00 to $126.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Loop Capital assumed coverage on Boise Cascade in a research note on Friday, November 1st. They issued a “buy” rating and a $155.00 target price for the company. Finally, Truist Financial reduced their price target on Boise Cascade from $161.00 to $157.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $139.60.

Boise Cascade Price Performance

BCC stock opened at $128.08 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 3.13. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of 12.53 and a beta of 1.58. The firm has a 50 day moving average price of $131.41 and a 200-day moving average price of $133.73. Boise Cascade has a 52-week low of $113.38 and a 52-week high of $155.42.

Boise Cascade (NYSE:BCC) last released its earnings results on Monday, November 4th. The construction company reported $2.33 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 company had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same period last year, the firm posted $3.58 earnings per share. The company’s revenue was down 6.6% compared to the same quarter last year. Equities research analysts forecast that Boise Cascade will post 9.6 EPS for the current fiscal year.

Boise Cascade Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.21 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.84 dividend on an annualized basis and a yield of 0.66%. Boise Cascade’s dividend payout ratio is currently 8.22%.

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.