Boise Cascade (NYSE:BCC) Shares Sold by Legal & General Group Plc

Legal & General Group Plc trimmed its holdings in shares of Boise Cascade (NYSE:BCC) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 108,957 shares of the construction company’s stock after selling 5,003 shares during the period. Legal & General Group Plc owned 0.28% of Boise Cascade worth $12,951,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BCC. Invesco Ltd. raised its stake in Boise Cascade by 8.7% during the fourth quarter. Invesco Ltd. now owns 358,368 shares of the construction company’s stock worth $42,596,000 after acquiring an additional 28,814 shares during the period. Aristides Capital LLC grew its holdings in shares of Boise Cascade by 39.9% during the fourth quarter. Aristides Capital LLC now owns 2,332 shares of the construction company’s stock valued at $277,000 after purchasing an additional 665 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Boise Cascade during the 4th quarter worth approximately $549,000. Envestnet Asset Management Inc. lifted its holdings in shares of Boise Cascade by 6.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 134,715 shares of the construction company’s stock worth $16,012,000 after purchasing an additional 8,357 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd boosted its position in Boise Cascade by 24.4% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 9,820 shares of the construction company’s stock valued at $1,167,000 after purchasing an additional 1,926 shares during the period. 96.18% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on BCC. The Goldman Sachs Group dropped their price objective on shares of Boise Cascade from $145.00 to $126.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. BMO Capital Markets dropped their price target on shares of Boise Cascade from $136.00 to $122.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 25th. DA Davidson reduced their price objective on Boise Cascade from $155.00 to $125.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Truist Financial cut their target price on Boise Cascade from $157.00 to $134.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Finally, Benchmark reissued a “hold” rating on shares of Boise Cascade in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Boise Cascade currently has a consensus rating of “Hold” and a consensus target price of $127.67.

Boise Cascade Stock Down 1.2 %

Shares of BCC stock opened at $93.75 on Wednesday. Boise Cascade has a 1 year low of $87.84 and a 1 year high of $155.42. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.92 and a current ratio of 3.34. The business’s fifty day moving average is $103.44 and its 200-day moving average is $123.40. The stock has a market cap of $3.56 billion, a PE ratio of 9.81 and a beta of 1.52.

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 return on equity of 17.04% and a net margin of 5.60%. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.57 billion. Equities analysts expect that Boise Cascade will post 10.15 earnings per share for the current fiscal year.

Boise Cascade Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Monday, February 24th were issued a $0.21 dividend. The ex-dividend date was Monday, February 24th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.90%. Boise Cascade’s payout ratio is currently 8.79%.

Insider Activity at Boise Cascade

In related news, Director Kristopher J. Matula sold 553 shares of Boise Cascade stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $103.16, for a total value of $57,047.48. Following the transaction, the director now owns 13,099 shares of the company’s stock, valued at approximately $1,351,292.84. This trade represents a 4.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Jeffrey Robert Strom sold 4,500 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $100.21, for a total value of $450,945.00. Following the sale, the chief operating officer now owns 38,026 shares in the company, valued at approximately $3,810,585.46. The trade was a 10.58 % decrease in their position. The disclosure for this sale can be found here. Company 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.