14,432 Shares in Boise Cascade, L.L.C. $BCC Acquired by DDD Partners LLC

DDD Partners LLC acquired a new stake in shares of Boise Cascade, L.L.C. (NYSE:BCC) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 14,432 shares of the construction company’s stock, valued at approximately $1,116,000.

Several other hedge funds have also recently modified their holdings of the stock. Salomon & Ludwin LLC bought a new position in shares of Boise Cascade during the third quarter worth $28,000. Huntington National Bank lifted its stake in Boise Cascade by 630.0% in the 2nd quarter. Huntington National Bank now owns 438 shares of the construction company’s stock worth $38,000 after purchasing an additional 378 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Boise Cascade by 1,071.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 492 shares of the construction company’s stock valued at $38,000 after purchasing an additional 450 shares during the last quarter. CWM LLC grew its position in shares of Boise Cascade by 30.6% during the third quarter. CWM LLC now owns 747 shares of the construction company’s stock valued at $58,000 after purchasing an additional 175 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Boise Cascade by 160.5% in the third quarter. Versant Capital Management Inc now owns 883 shares of the construction company’s stock worth $68,000 after purchasing an additional 544 shares during the last quarter. Hedge funds and other institutional investors own 96.18% of the company’s stock.

Wall Street Analyst Weigh In

BCC has been the subject of a number of research reports. Wall Street Zen lowered Boise Cascade from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Truist Financial upped their price objective on Boise Cascade from $88.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Weiss Ratings raised shares of Boise Cascade from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 28th. DA Davidson restated a “buy” rating and issued a $95.00 price target on shares of Boise Cascade in a research report on Thursday, November 20th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Boise Cascade in a research report on Thursday, January 8th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $101.83.

Boise Cascade Stock Performance

NYSE BCC opened at $86.56 on Friday. The business’s 50 day moving average price is $80.31 and its 200-day moving average price is $78.92. Boise Cascade, L.L.C. has a fifty-two week low of $65.14 and a fifty-two week high of $122.99. The company has a market cap of $3.21 billion, a P/E ratio of 17.11 and a beta of 1.27. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.69 and a current ratio of 3.10.

Boise Cascade Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Monday, February 23rd will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, February 23rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.0%. Boise Cascade’s payout ratio is currently 17.39%.

About Boise Cascade

Boise Cascade Company operates as a leading manufacturer and distributor of wood products and building materials in North America. The company’s operations are organized into two primary segments: wood products manufacturing and building materials distribution. In its manufacturing segment, Boise Cascade produces a wide array of engineered wood products, including plywood, oriented strand board (OSB), lumber, particleboard and laminated veneer lumber (LVL), serving residential, commercial and industrial customers.

In its distribution segment, Boise Cascade sources and delivers building materials through an extensive network of distribution centers, servicing professional builders, remodelers, contractors and industrial customers.