Sanctuary Advisors LLC Acquires 361 Shares of Boise Cascade (NYSE:BCC)

Sanctuary Advisors LLC raised its holdings in Boise Cascade (NYSE:BCC) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,298 shares of the construction company’s stock after buying an additional 361 shares during the quarter. Sanctuary Advisors LLC’s holdings in Boise Cascade were worth $939,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of BCC. Harbor Capital Advisors Inc. bought a new stake in shares of Boise Cascade in the 3rd quarter worth about $28,000. R Squared Ltd bought a new stake in shares of Boise Cascade in the 4th quarter worth about $29,000. Larson Financial Group LLC grew its holdings 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. Principal Securities Inc. grew its holdings in shares of Boise Cascade by 44.2% in the 4th quarter. Principal Securities Inc. now owns 473 shares of the construction company’s stock worth $56,000 after purchasing an additional 145 shares during the last quarter. Finally, Covestor Ltd grew its holdings in shares of Boise Cascade by 50.1% in the 3rd quarter. Covestor Ltd now owns 689 shares of the construction company’s stock worth $97,000 after purchasing an additional 230 shares during the last quarter. Institutional investors own 96.18% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on BCC. DA Davidson lowered their target price on shares of Boise Cascade from $155.00 to $125.00 and set a “buy” rating on the stock in a report on Monday. StockNews.com lowered shares of Boise Cascade from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Benchmark reaffirmed a “hold” rating on shares of Boise Cascade in a report on Tuesday. BMO Capital Markets decreased 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. Finally, Truist Financial decreased their price objective on shares of Boise Cascade from $157.00 to $134.00 and set a “buy” rating on the stock in a report on Monday. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Boise Cascade has a consensus rating of “Hold” and a consensus price target of $128.50.

Boise Cascade Stock Down 2.3 %

Shares of NYSE:BCC opened at $104.03 on Thursday. Boise Cascade has a 12 month low of $102.27 and a 12 month high of $155.42. The company’s 50-day moving average price is $121.52 and its two-hundred day moving average price is $131.84. The company has a quick ratio of 1.92, a current ratio of 3.34 and a debt-to-equity ratio of 0.22. The firm has a market cap of $3.95 billion, a P/E ratio of 10.88 and a beta of 1.57.

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

Boise Cascade Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, February 24th. This represents a $0.84 dividend on an annualized basis and a yield of 0.81%. Boise Cascade’s payout ratio is presently 8.79%.

Insider Buying and Selling at Boise Cascade

In related news, Director Kristopher J. Matula sold 553 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $103.16, for a total value of $57,047.48. Following the sale, the director now directly owns 13,099 shares in the company, valued at $1,351,292.84. This trade represents a 4.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.98% of the company’s stock.

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.