FIL Ltd Has $623,000 Holdings in Boise Cascade (NYSE:BCC)

FIL Ltd lifted its position in shares of Boise Cascade (NYSE:BCC) by 76.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,238 shares of the construction company’s stock after purchasing an additional 2,264 shares during the quarter. FIL Ltd’s holdings in Boise Cascade were worth $623,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. R Squared Ltd bought a new stake in Boise Cascade during the 4th quarter valued at $29,000. Principal Securities Inc. grew its holdings in shares of Boise Cascade by 44.2% during the fourth quarter. Principal Securities Inc. now owns 473 shares of the construction company’s stock valued at $56,000 after buying an additional 145 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Boise Cascade by 254.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 777 shares of the construction company’s stock worth $92,000 after acquiring an additional 558 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Boise Cascade by 234.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,270 shares of the construction company’s stock worth $179,000 after acquiring an additional 890 shares during the last quarter. Finally, KBC Group NV lifted its position in Boise Cascade by 41.3% in the 4th quarter. KBC Group NV now owns 1,732 shares of the construction company’s stock valued at $206,000 after acquiring an additional 506 shares in the last quarter. 96.18% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. BMO Capital Markets lowered their price objective on Boise Cascade from $136.00 to $122.00 and set a “market perform” rating for the company in a research note on Tuesday, February 25th. Benchmark reissued a “hold” rating on shares of Boise Cascade in a research report on Tuesday, February 25th. Truist Financial cut 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, February 24th. The Goldman Sachs Group lowered their target price on shares of Boise Cascade from $145.00 to $126.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Finally, DA Davidson dropped their price target 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, February 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Boise Cascade currently has an average rating of “Hold” and an average price target of $128.50.

Insider Transactions at Boise Cascade

In other news, COO Jeffrey Robert Strom sold 4,500 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $100.21, for a total value of $450,945.00. Following the sale, the chief operating officer now directly owns 38,026 shares of the company’s stock, valued at approximately $3,810,585.46. This represents a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kristopher J. Matula sold 553 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 13,099 shares of the company’s stock, valued at $1,351,292.84. This trade represents a 4.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.98% of the company’s stock.

Boise Cascade Trading Up 0.9 %

Shares of BCC stock opened at $95.51 on Monday. Boise Cascade has a 12-month low of $87.84 and a 12-month high of $155.42. 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 company has a 50 day moving average of $104.66 and a 200-day moving average of $123.94. The firm has a market cap of $3.62 billion, a P/E ratio of 9.99 and a beta of 1.52.

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

Boise Cascade Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, February 24th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.84 annualized dividend and a dividend yield of 0.88%. Boise Cascade’s dividend payout ratio is currently 8.79%.

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.